E-Finance in Emerging Markets : Is Leapfrogging Possible?

The paper analyzes the provision of electronic financial services in countries, the impact of e-finance on the financial systems, and the leapfrogging opportunities for emerging markets. The authors address new policy issues and the role of government intervention in the light of these developments. Special focus is given to models of financial sector development that enable and promote e-finance in banking, capital markets, insurance, housing finance and microfinance areas, drawing on innovative applications from the industrialized and the developing world