Access to finance - An unfinished agenda

T.H.L. Beck, A. Demirgüc-Kunt

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Recent data compilations show that many poor and nonpoor people in many developing countries face a high degree of financial exclusion and high barriers in access to finance. Theory and empirical evidence point to the critical role that improved access to finance has in promoting growth and reducing income inequality. An extensive literature shows the channels through which finance promotes enterprise growth and improves aggregate resource allocation. There is less evidence at the household level, however, and on the effectiveness of policies to overcome financial exclusion. The article summarizes recent efforts to measure and analyze the impact of access to finance and discusses the unfinished research agenda.
Original languageEnglish
Pages (from-to)383-396
JournalThe World Bank Economic Review
Volume22
Issue number3
Publication statusPublished - 2008

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finance
exclusion
resource allocation
evidence
developing world
developing country
income
Access to finance
Agenda
resources
Financial exclusion
Finance
Developing countries
Resource allocation
Household
Empirical evidence
Income inequality
Research agenda

Cite this

Beck, T. H. L., & Demirgüc-Kunt, A. (2008). Access to finance - An unfinished agenda. The World Bank Economic Review, 22(3), 383-396.
Beck, T.H.L. ; Demirgüc-Kunt, A. / Access to finance - An unfinished agenda. In: The World Bank Economic Review. 2008 ; Vol. 22, No. 3. pp. 383-396.
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Beck, THL & Demirgüc-Kunt, A 2008, 'Access to finance - An unfinished agenda', The World Bank Economic Review, vol. 22, no. 3, pp. 383-396.

Access to finance - An unfinished agenda. / Beck, T.H.L.; Demirgüc-Kunt, A.

In: The World Bank Economic Review, Vol. 22, No. 3, 2008, p. 383-396.

Research output: Contribution to journalArticleScientificpeer-review

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AB - Recent data compilations show that many poor and nonpoor people in many developing countries face a high degree of financial exclusion and high barriers in access to finance. Theory and empirical evidence point to the critical role that improved access to finance has in promoting growth and reducing income inequality. An extensive literature shows the channels through which finance promotes enterprise growth and improves aggregate resource allocation. There is less evidence at the household level, however, and on the effectiveness of policies to overcome financial exclusion. The article summarizes recent efforts to measure and analyze the impact of access to finance and discusses the unfinished research agenda.

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Beck THL, Demirgüc-Kunt A. Access to finance - An unfinished agenda. The World Bank Economic Review. 2008;22(3):383-396.