Topic
Financial inclusion
About: Financial inclusion is a research topic. Over the lifetime, 5578 publications have been published within this topic receiving 49723 citations.
Papers published on a yearly basis
Papers
More filters
TL;DR: In this article, the authors provide a discussion on some issues associated with digital finance, an area which has not been critically addressed in the literature, and discuss the benefits of digital finance and financial inclusion to financial services users, digital finance providers, governments and the economy.
629 citations
Book•
15 Jun 2015
TL;DR: The authors analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it and finds that increasing the income share of the poor and the middle class actually increases growth.
Abstract: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growthâthat is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
555 citations
TL;DR: In this paper, the authors tried to understand the individual and country characteristics associated with the use of formal accounts and what policies are effective among those most likely to be excluded: the poor and rural residents.
444 citations
22 Mar 2013
TL;DR: In this article, the first publicly available, user-side data set of indicators that measure how adults in 148 countries save, borrow, make payments, and manage risk is presented.
Abstract: This paper summarizes the first publicly available, user-side data set of indicators that measure how adults in 148 countries save, borrow, make payments, and manage risk We use the data to benchmark financial inclusion—the share of the population that uses formal financial services—in countries around the world, and to investigate the significant country- and individual-level variation in how adults use formal and informal financial systems to manage their day-to-day finances and plan for the future The data show that 50 percent of adults worldwide are "banked," that is, have an account at a formal financial institution, but also that account penetration varies across countries by level of economic development and across income groups within countries For the half of all adults around the world who remain unbanked, the paper documents reported barriers to account use, such as cost, distance, and documentation requirements, which may shed light on potential market failures and provide guidance to policymakers in shaping financial inclusion policies
419 citations
TL;DR: In this paper, the authors examine the growing importance of digital-based financial inclusion as a form of organizing development interventions through networks of state institutions, international development organisations, philanthropic investment and fintech companies.
Abstract: This paper examines the growing importance of digital-based financial inclusion as a form of organising development interventions through networks of state institutions, international development organisations, philanthropic investment and fintech companies. The fintech–philanthropy–development complex generates digital ecosystems that map, expand and monetise digital footprints. Its ‘know thy (irrational) customer’ vision combines behavioural economics with predictive algorithms to accelerate access to, and monitor engagement with, finance. The digital revolution adds new layers to the material cultures of financial(ised) inclusion, offering the state new ways of expanding the inclusion of the ‘legible’, and global finance new forms of ‘profiling’ poor households into generators of financial assets.
354 citations