Does the flow of financing respond to changes in productive opportunities even for the world's poor? In his academic seminar, Abhiroop Mukherjee (HKUST) presented research which examined the response of private bank financing to a shock to the rural road network in India, bringing road access to hitherto unconnected villagers. One of the basic tenets of finance is that capital should flow to its most productive uses, so when productive opportunities improve, financing should flow to those who see these gains, allowing them to fully realize potential benefits. Find out more about this seminar at http://iems.ust.hk/roads
Abhiroop Mukherjee is an Associate Professor of Finance at HKUST, which he joined in 2010 after receiving his PhD in Economics from Yale University. He studies issues related to behavioral and institutional finance, and has a keen interest in emerging markets. Abhiroop’s research has been published in all of the three top academic journals in finance, and some of his work has also been used in applied settings by banks, hedge funds and think tanks, both in Asia and in the U.S.