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Capital Market Development : Whither Latin America?

de la Torre, Augusto - 2016

Over the past decades, many countries have implemented significant reforms to foster capital market development. Latin American countries were at the forefront of this process. The authors analyze where Latin American capital markets stand after these reforms. They find that despite the intense...

Persistent link: https://www.econbiz.de/10012747821

Distributional Effects of Crises : The Financial Channel

Halac, Marina C. - 2011

Financial crises affect income distribution via different channels. This paper argues that there is an important channel overlooked by the literature, namely the financial channel. We study how this channel operates by analyzing data from several Latin American countries, including Argentina,...

Persistent link: https://www.econbiz.de/10012714837

Financial Inclusion and Inclusive Growth : What Does it Mean for Sri Lanka?

Arandara, Rathnija - 2020

This paper uses data from the National Financial Inclusion Survey 2018 to understand the determinants of financial inclusion in Sri Lanka and their significance for inclusive growth. The findings highlight that gender, education, and formal employment are important determinants of financial...

Persistent link: https://www.econbiz.de/10012837586

Increasing Financial Inclusion in the Muslim World : Evidence from an Islamic Finance Marketing Experiment

Karlan, Dean S. - 2020

Low utilization of household credit in developing countries may be partially due to religious considerations. In a randomized marketing experiment in Jordan, this paper estimates the effect of sharia-compliant loan features on demand for credit. To comply with Islamic law, the sharia-compliant...

Persistent link: https://www.econbiz.de/10012838008

Reverse Mortgages, Financial Inclusion, and Economic Development : Potential Benefit and Risks

Knaack, Peter - 2020

This paper examines the state of reverse mortgage markets in selected countries around the world and considers the potential benefits and risks of these products from a financial inclusion and economic benefit standpoint. Despite potentially increasing demand from aging societies -- combined...

Persistent link: https://www.econbiz.de/10012842637

Financial Inclusion and Inclusive Growth : A Review of Recent Empirical Evidence

Demirgüç-Kunt, Asli - 2017

There is growing evidence that appropriate financial services have substantial benefits for consumers, especially women and poor adults. This paper provides an overview of financial inclusion around the world and reviews the recent empirical evidence on how the use of financial products -- such...

Persistent link: https://www.econbiz.de/10012957773

Can Regulation Promote Financial Inclusion?

Chen, Ron - 2019

Despite the commitments of the development community toward broader access to finance, financial inclusion rates worldwide are rather unsatisfactory. To date, around two billion adults do not have access to basic financial services such as savings and checking accounts. Attempting to bridge such...

Persistent link: https://www.econbiz.de/10012894579

Financial Inclusion in the Europe and Central Asia Region : Recent Trends and a Research Agenda

Demirgüç-Kunt, Asli - 2019

unbanked adults report lack of trust in banks as a barrier, which is nearly double the developing country average. And in some … developing countries. But there are many opportunities to increase account ownership. Over 80 percent of the unbanked have a … mobile phone, and simply moving public sector pension payments into accounts would reduce the number of unbanked adults in …

Persistent link: https://www.econbiz.de/10012871741

The Nexus of Financial Inclusion and Financial Stability : A Study of Trade-Offs and Synergies

Čihák, Martin - 2017

Policy makers and regulators have devoted much effort to reforms aimed at improving financial stability in response to lessons from the 2007-09 crisis. At the same time, much effort has also been directed to promoting greater financial inclusion as an enabler of equal opportunity. To some...

Persistent link: https://www.econbiz.de/10012968747

How Does the Sensitivity of Consumption to Income Vary Over Time? International Evidence

Islamaj, Ergys - 2017

This paper studies how the sensitivity of consumption to income has changed over time as the degree of financial integration has risen. In standard theory, greater financial integration facilitates international borrowing and lending, helping to reduce the sensitivity of consumption growth to...

Persistent link: https://www.econbiz.de/10012969266