Access to Financial Services
In many developing countries less than half the population has access to formal financial services, and in most of Africa less than one in five households has access. Lack of access to finance is often the critical mechanism for generating persistent income inequality, as well as slower economic gro...
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World Bank
2012
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| Online Access: | http://hdl.handle.net/10986/4426 |
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okr-10986-44262021-04-23T14:02:17Z Access to Financial Services Beck, Thorsten Demirgüç-Kunt, Asli Honohan, Patrick access to finance access to financial services allocation of funds economic growth financial depth financial markets financial outreach financial systems formal financial services government policy growth opportunities households inequalities inequality information asymmetries international bank lack of access payments services savings transaction costs In many developing countries less than half the population has access to formal financial services, and in most of Africa less than one in five households has access. Lack of access to finance is often the critical mechanism for generating persistent income inequality, as well as slower economic growth. Hence expanding access remains an important challenge across the world, leaving much for governments to do. However, not all government actions are equally effective and some policies can even be counterproductive. This paper sets out principles for effective government policy on broadening access, drawing on the available evidence and illustrating with examples. The paper concludes with directions for future research. 2012-03-30T07:12:34Z 2012-03-30T07:12:34Z 2009-03-30 Journal Article World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/4426 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank Journal Article Peru Chile China India |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| topic |
access to finance access to financial services allocation of funds economic growth financial depth financial markets financial outreach financial systems formal financial services government policy growth opportunities households inequalities inequality information asymmetries international bank lack of access payments services savings transaction costs |
| spellingShingle |
access to finance access to financial services allocation of funds economic growth financial depth financial markets financial outreach financial systems formal financial services government policy growth opportunities households inequalities inequality information asymmetries international bank lack of access payments services savings transaction costs Beck, Thorsten Demirgüç-Kunt, Asli Honohan, Patrick Access to Financial Services |
| geographic_facet |
Peru Chile China India |
| description |
In many developing countries less than half the population has access to formal financial services, and in most of Africa less than one in five households has access. Lack of access to finance is often the critical mechanism for generating persistent income inequality, as well as slower economic growth. Hence expanding access remains an important challenge across the world, leaving much for governments to do. However, not all government actions are equally effective and some policies can even be counterproductive. This paper sets out principles for effective government policy on broadening access, drawing on the available evidence and illustrating with examples. The paper concludes with directions for future research. |
| format |
Journal Article |
| author |
Beck, Thorsten Demirgüç-Kunt, Asli Honohan, Patrick |
| author_facet |
Beck, Thorsten Demirgüç-Kunt, Asli Honohan, Patrick |
| author_sort |
Beck, Thorsten |
| title |
Access to Financial Services |
| title_short |
Access to Financial Services |
| title_full |
Access to Financial Services |
| title_fullStr |
Access to Financial Services |
| title_full_unstemmed |
Access to Financial Services |
| title_sort |
access to financial services |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://hdl.handle.net/10986/4426 |
| _version_ |
1764391308007309312 |