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In 2011, only 17.3 percemt of adults in Tanzania had an account at a formal financial institution and 56 percemt did … institutional elements of the formal financial sector in Tanzania are in place, helping its gradual expansion, and in some segments … financial sector. This Diagnostic Review was requested by the Ministry of Finance of Tanzania in November 2012. It provides a …
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Financial inclusion and financial literacy are receiving increasing attention for their potential to contribute to economic and financial development while fostering more inclusive growth and greater income equality. In general, the progress of financial inclusion and financial development in...
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We show that financial advisors recommend more costly products to female clients, based on minutes from about 27,000 real-world advisory meetings and client portfolio data. Funds recommended to women have higher expense ratios controlling for risk, and women less often receive rebates on upfront...
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India's financial inclusion agenda has witnessed a paradigm shift over the last decade, away from an emphasis on credit to a more comprehensive approach toward financial services (e.g., opening bank accounts and offering basic financial products, such as insurance). This paper describes the...
Persistent link: https://www.econbiz.de/10011453340
Is financial literacy a substitute or complement for financial advice? In this paper we analyze the decision by consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an important component of the consumer credit sector for...
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Household finance—the normative and positive study of how households use financial markets to achieve their objectives—has gained a lot of attention over the past decade and has become a field with its own identity, style, and agenda. In this chapter we review its evolution and most recent...
Persistent link: https://www.econbiz.de/10014025357