You Get What You Ask For : Testing Information Disclosure in a Multi-Country Study
Financial consumers often fail to compare across different products and do not choose the most cost-effective product or the one most suitable to their needs. This is because the decision of which product to purchase may not only involve unfamiliar...
| Main Authors: | , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/132911510224489929/You-get-what-you-ask-for-testing-information-disclosure-in-a-multi-country-study http://hdl.handle.net/10986/28861 |
| id |
okr-10986-28861 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-288612021-05-25T10:54:40Z You Get What You Ask For : Testing Information Disclosure in a Multi-Country Study Gine, Xavier Mazer, Rafael DISCLOSURE FINANCIAL LITERACY CONSUMER PROTECTION AUDITING STANDARDS TRANSPARENCY CREDIT PRODUCTS SAVINGS Financial consumers often fail to compare across different products and do not choose the most cost-effective product or the one most suitable to their needs. This is because the decision of which product to purchase may not only involve unfamiliar concepts but also because financial institutions shroud prices to maximize profits. Many governments have tried to encourage comparison shopping by introducing legislation to improve disclosure and transparency.In some cases, governments have also tried to reduce the cost of financial products by mandating that low-cost savings products be offered in the marketplace or have imposed usury laws capping the interest rate that can be charged on credit products. The fact that large price dispersion still persists, however, indicates that these efforts may not have been successful. 2017-11-14T22:39:50Z 2017-11-14T22:39:50Z 2017-11 Brief http://documents.worldbank.org/curated/en/132911510224489929/You-get-what-you-ask-for-testing-information-disclosure-in-a-multi-country-study http://hdl.handle.net/10986/28861 English Finance and PSD Impact;No. 44 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief Africa Latin America & Caribbean Ghana Mexico Peru |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
DISCLOSURE FINANCIAL LITERACY CONSUMER PROTECTION AUDITING STANDARDS TRANSPARENCY CREDIT PRODUCTS SAVINGS |
| spellingShingle |
DISCLOSURE FINANCIAL LITERACY CONSUMER PROTECTION AUDITING STANDARDS TRANSPARENCY CREDIT PRODUCTS SAVINGS Gine, Xavier Mazer, Rafael You Get What You Ask For : Testing Information Disclosure in a Multi-Country Study |
| geographic_facet |
Africa Latin America & Caribbean Ghana Mexico Peru |
| relation |
Finance and PSD Impact;No. 44 |
| description |
Financial consumers often fail to
compare across different products and do not choose the most
cost-effective product or the one most suitable to their
needs. This is because the decision of which product to
purchase may not only involve unfamiliar concepts but also
because financial institutions shroud prices to maximize
profits. Many governments have tried to encourage comparison
shopping by introducing legislation to improve disclosure
and transparency.In some cases, governments have also tried
to reduce the cost of financial products by mandating that
low-cost savings products be offered in the marketplace or
have imposed usury laws capping the interest rate that can
be charged on credit products. The fact that large price
dispersion still persists, however, indicates that these
efforts may not have been successful. |
| format |
Brief |
| author |
Gine, Xavier Mazer, Rafael |
| author_facet |
Gine, Xavier Mazer, Rafael |
| author_sort |
Gine, Xavier |
| title |
You Get What You Ask For : Testing Information Disclosure in a Multi-Country Study |
| title_short |
You Get What You Ask For : Testing Information Disclosure in a Multi-Country Study |
| title_full |
You Get What You Ask For : Testing Information Disclosure in a Multi-Country Study |
| title_fullStr |
You Get What You Ask For : Testing Information Disclosure in a Multi-Country Study |
| title_full_unstemmed |
You Get What You Ask For : Testing Information Disclosure in a Multi-Country Study |
| title_sort |
you get what you ask for : testing information disclosure in a multi-country study |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/132911510224489929/You-get-what-you-ask-for-testing-information-disclosure-in-a-multi-country-study http://hdl.handle.net/10986/28861 |
| _version_ |
1764467894759981056 |