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Sri Lanka has achieved a high level of financial inclusion compared to other South Asian countries. Its financial sector comprises a wide range of financial institutions providing financial services such as loans, savings, pawning, leasing and finance, and remittance and money transfer...
Persistent link: https://www.econbiz.de/10011310999
This paper assesses the case for promoting financial education in Asia. It argues that the benefits of investing in financial education can be substantial. Data are limited, but indicate low financial literacy scores for selected Asian countries. As economies develop, access to financial...
Persistent link: https://www.econbiz.de/10011311029
Financial inclusion is receiving increasing attention for its potential to contribute to economic and financial development while fostering more inclusive growth and greater income equality. Although substantial progress has been made, there is still much to achieve. East Asia, the Pacific, and...
Persistent link: https://www.econbiz.de/10011653793
sections present policies aimed at promoting financial regulation, literacy, and education. Finally, the paper presents key …
Persistent link: https://www.econbiz.de/10011944226
In this paper, we provide a comprehensive overview of the current state of financial inclusion and financial literacy in Georgia based on the latest literature, statistical evidence, and recent surveys. The paper reviews current government policy initiatives and strategy documents aimed at...
Persistent link: https://www.econbiz.de/10011944233
regulation. Yet, despite nearly 2 decades of financial inclusion policymaking, persistent problems remain. Many individuals … forms of exclusion are emerging as digital technology advances and risk profiling becomes increasingly sophisticated. The … capability are also those at most risk of financial exclusion. Policy recommendations include: better coordination for financial …
Persistent link: https://www.econbiz.de/10011526666
In contrast to the popularity of financial education interventions worldwide, studies on the economic effects of those interventions report mixed results. With a focus on the effect on disadvantaged groups, we review both the theoretical and empirical findings in order to understand why this...
Persistent link: https://www.econbiz.de/10011873519