Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 383-396 |
| Journal | The World Bank Economic Review |
| Volume | 22 |
| Issue number | 3 |
| Publication status | Published - 2008 |
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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 journal › Article › Scientific › peer-review
TY - JOUR
T1 - Access to finance - An unfinished agenda
AU - Beck, T.H.L.
AU - Demirgüc-Kunt, A.
PY - 2008
Y1 - 2008
N2 - 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.
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.
M3 - Article
VL - 22
SP - 383
EP - 396
JO - The World Bank Economic Review
JF - The World Bank Economic Review
SN - 0258-6770
IS - 3
ER -