Electronic Finance : A New Approach to Financial Sector Development ?
In recent years, electronic finance, especially online banking, and brokerage services, has reshaped the financial landscape. This paper reviews these developments, and analyzes their implications for consumers, governments, and financial service p...
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Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/03/1735290/electronic-finance-new-approach-financial-sector-development http://hdl.handle.net/10986/14075 |
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okr-10986-140752021-04-23T14:03:11Z Electronic Finance : A New Approach to Financial Sector Development ? Claessens, Stijn Glaessner, Thomas Klingebiel, Daniela ELECTRONIC FUNDS TRANSFER FINANCING OPTIONS FINANCIAL DEVELOPMENT ONLINE DATA PROCESSING BROKERS BANKING SERVICES COMPUTERIZATION EMERGING ECONOMIES MARKET FORCES COMPETITIVENESS FINANCIAL POLICY FINANCIAL SECTOR REFORM PUBLIC POLICY AGENTS BANK ACCOUNTS BANKING SECTOR BANKING SERVICES BROKERS CAPITAL MARKETS CENTRAL BANKS CONSOLIDATION CONTRACT ENFORCEMENT COPYRIGHT DEPOSITS DIGITAL SIGNATURES DISCLOSURE ECONOMIES OF SCALE ELECTRONIC BANKING ELECTRONIC CASH ELECTRONIC MONEY ELECTRONIC TRANSACTIONS EMERGING MARKETS EMPLOYMENT EQUITY CAPITAL EXPENDITURES EXTERNALITIES FACTORING FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN EXCHANGE GLOBALIZATION GOVERNMENT INTERVENTION HEALTH CARE HEALTH CARE FINANCING HOUSING INCOME INFORMATION INFRASTRUCTURE INSURANCE INSURANCE POLICIES INTERNET ACCESS INTERNET CONNECTIVITY INTERNET HOSTS INTERNET SERVICES LOCAL GOVERNMENT MICROFINANCE MIGRATION MORTGAGE LOANS NETWORKS NEW ENTRANTS ONLINE BANKING PAYMENT SYSTEMS PRIVACY POLICIES PRIVATE SECTOR PUBLIC POLICIES PUBLIC POLICY RISK TAKING SAFETY NETS SAVINGS SECURITIES SECURITIES MARKETS SECURITIES TRADING SETTLEMENT SYSTEMS SMART CARDS SOCIAL SERVICES STOCK MARKETS TAXATION TELECOMMUNICATIONS REGULATION TRADING SYSTEMS TRANSITION ECONOMIES TRANSPORT In recent years, electronic finance, especially online banking, and brokerage services, has reshaped the financial landscape. This paper reviews these developments, and analyzes their implications for consumers, governments, and financial service providers. First, it reviews the e-finance (r)evolution in emerging, and other markets, and projects its future growth. It then analyzes e-finance impact on the structure of, and competition in the financial services industry. After that, it assesses how e-finance, and globalization more generally, affects financial sector policies in emerging markets, including the need for changes in the approach to financial sector development. The paper then examines governments' changing role in the financial sector, and identifies opportunities that e-finance offers countries to leapfrog. Finally, the paper includes for policymakers, and others involved in financial sector reform in emerging markets, detailed information, and Web links on public policy activities related to e-finance. 2013-06-20T18:44:55Z 2013-06-20T18:44:55Z 2002-03 http://documents.worldbank.org/curated/en/2002/03/1735290/electronic-finance-new-approach-financial-sector-development 0-8213-5104-4 http://hdl.handle.net/10986/14075 English en_US World Bank Discussion Paper;No. 431 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ELECTRONIC FUNDS TRANSFER FINANCING OPTIONS FINANCIAL DEVELOPMENT ONLINE DATA PROCESSING BROKERS BANKING SERVICES COMPUTERIZATION EMERGING ECONOMIES MARKET FORCES COMPETITIVENESS FINANCIAL POLICY FINANCIAL SECTOR REFORM PUBLIC POLICY AGENTS BANK ACCOUNTS BANKING SECTOR BANKING SERVICES BROKERS CAPITAL MARKETS CENTRAL BANKS CONSOLIDATION CONTRACT ENFORCEMENT COPYRIGHT DEPOSITS DIGITAL SIGNATURES DISCLOSURE ECONOMIES OF SCALE ELECTRONIC BANKING ELECTRONIC CASH ELECTRONIC MONEY ELECTRONIC TRANSACTIONS EMERGING MARKETS EMPLOYMENT EQUITY CAPITAL EXPENDITURES EXTERNALITIES FACTORING FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN EXCHANGE GLOBALIZATION GOVERNMENT INTERVENTION HEALTH CARE HEALTH CARE FINANCING HOUSING INCOME INFORMATION INFRASTRUCTURE INSURANCE INSURANCE POLICIES INTERNET ACCESS INTERNET CONNECTIVITY INTERNET HOSTS INTERNET SERVICES LOCAL GOVERNMENT MICROFINANCE MIGRATION MORTGAGE LOANS NETWORKS NEW ENTRANTS ONLINE BANKING PAYMENT SYSTEMS PRIVACY POLICIES PRIVATE SECTOR PUBLIC POLICIES PUBLIC POLICY RISK TAKING SAFETY NETS SAVINGS SECURITIES SECURITIES MARKETS SECURITIES TRADING SETTLEMENT SYSTEMS SMART CARDS SOCIAL SERVICES STOCK MARKETS TAXATION TELECOMMUNICATIONS REGULATION TRADING SYSTEMS TRANSITION ECONOMIES TRANSPORT |
| spellingShingle |
ELECTRONIC FUNDS TRANSFER FINANCING OPTIONS FINANCIAL DEVELOPMENT ONLINE DATA PROCESSING BROKERS BANKING SERVICES COMPUTERIZATION EMERGING ECONOMIES MARKET FORCES COMPETITIVENESS FINANCIAL POLICY FINANCIAL SECTOR REFORM PUBLIC POLICY AGENTS BANK ACCOUNTS BANKING SECTOR BANKING SERVICES BROKERS CAPITAL MARKETS CENTRAL BANKS CONSOLIDATION CONTRACT ENFORCEMENT COPYRIGHT DEPOSITS DIGITAL SIGNATURES DISCLOSURE ECONOMIES OF SCALE ELECTRONIC BANKING ELECTRONIC CASH ELECTRONIC MONEY ELECTRONIC TRANSACTIONS EMERGING MARKETS EMPLOYMENT EQUITY CAPITAL EXPENDITURES EXTERNALITIES FACTORING FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN EXCHANGE GLOBALIZATION GOVERNMENT INTERVENTION HEALTH CARE HEALTH CARE FINANCING HOUSING INCOME INFORMATION INFRASTRUCTURE INSURANCE INSURANCE POLICIES INTERNET ACCESS INTERNET CONNECTIVITY INTERNET HOSTS INTERNET SERVICES LOCAL GOVERNMENT MICROFINANCE MIGRATION MORTGAGE LOANS NETWORKS NEW ENTRANTS ONLINE BANKING PAYMENT SYSTEMS PRIVACY POLICIES PRIVATE SECTOR PUBLIC POLICIES PUBLIC POLICY RISK TAKING SAFETY NETS SAVINGS SECURITIES SECURITIES MARKETS SECURITIES TRADING SETTLEMENT SYSTEMS SMART CARDS SOCIAL SERVICES STOCK MARKETS TAXATION TELECOMMUNICATIONS REGULATION TRADING SYSTEMS TRANSITION ECONOMIES TRANSPORT Claessens, Stijn Glaessner, Thomas Klingebiel, Daniela Electronic Finance : A New Approach to Financial Sector Development ? |
| relation |
World Bank Discussion Paper;No. 431 |
| description |
In recent years, electronic finance,
especially online banking, and brokerage services, has
reshaped the financial landscape. This paper reviews these
developments, and analyzes their implications for consumers,
governments, and financial service providers. First, it
reviews the e-finance (r)evolution in emerging, and other
markets, and projects its future growth. It then analyzes
e-finance impact on the structure of, and competition in the
financial services industry. After that, it assesses how
e-finance, and globalization more generally, affects
financial sector policies in emerging markets, including the
need for changes in the approach to financial sector
development. The paper then examines governments'
changing role in the financial sector, and identifies
opportunities that e-finance offers countries to leapfrog.
Finally, the paper includes for policymakers, and others
involved in financial sector reform in emerging markets,
detailed information, and Web links on public policy
activities related to e-finance. |
| format |
Publications & Research :: Publication |
| author |
Claessens, Stijn Glaessner, Thomas Klingebiel, Daniela |
| author_facet |
Claessens, Stijn Glaessner, Thomas Klingebiel, Daniela |
| author_sort |
Claessens, Stijn |
| title |
Electronic Finance : A New Approach to Financial Sector Development ? |
| title_short |
Electronic Finance : A New Approach to Financial Sector Development ? |
| title_full |
Electronic Finance : A New Approach to Financial Sector Development ? |
| title_fullStr |
Electronic Finance : A New Approach to Financial Sector Development ? |
| title_full_unstemmed |
Electronic Finance : A New Approach to Financial Sector Development ? |
| title_sort |
electronic finance : a new approach to financial sector development ? |
| publisher |
Washington, DC: World Bank |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/03/1735290/electronic-finance-new-approach-financial-sector-development http://hdl.handle.net/10986/14075 |
| _version_ |
1764425098083696640 |