Financial knowledge is essential for every individual, due to the complexity of the financial structure it becomes essential for everyone to manage their cash effectively. Because less financial knowledge consumers are confused while deciding that which product and services are most profitable....

Debt may be good but not the state of indebtedness! It has both qualitative and quantitative implications. Propensity to debt, especially “indebtedness” is a matter of concern. Impact of indebtedness varies both in degrees and dimensions. The state of being in debt (indebtedness) covers both...

We conduct dictator-type games in rural Paraguay; different treatments involve manipulating players' information and choice sets. From individuals' choices in the games, we draw inferences regarding impediments to efficient risk sharing in the larger village supergame. Outcomes from the...

Funds equal to the amount of e-money issued are typically held on trust with commercial banks, and called the float. This paper analyses the policy options of a central bank in relation to the interest earned on the float. Despite e money being an established payment method, many regulators...

Overtime, the policy to enhance financial inclusion at the national and household or individual levels has coincided with the increasing need for non-farm enterprises in addition to mainstream farming due to climate change and as an income diversification strategy. Using data from the sixth...

Taking advantage of the largest financial inclusion program in Colombia, we estimate how increasing the access to such services for the poor impacts money laundering indicators in the country. We find that even though, on average, government's indicators of money laundering activities in...

The digital revolution is in full bloom and technology is being used to solve the world's most challenging problems, yet traditional banking excludes many of the world's poorest from taking advantage of the full fruits of the financial system. Especially in developing countries, implementing...

We provide empirical evidence from India's PMJDY program, a “big bang” supply shock that gives bank accounts to virtually all of its 280 million unbanked. Proprietary data from individual bank account statements shows that there is significant uptake, usage, usage growth, and balance...

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...

Objective - Financial Inclusion is an essential agenda at the ASEAN level. Increasing financial inclusion aims to develop the economic capacity of the population to reduce poverty and encourage income distribution. This study aims to analyze the relationship of financial inclusion to the...