Access to financial services: Measurement, impact and policies

T.H.L. Beck, A. Demirgüc-Kunt, P. Honohan

Research output: Contribution to journalArticleScientificpeer-review

Abstract

In many developing countries less than half the population has access to formal financial services, and in most of Africa less than one in five households has access. Lack of access to finance is often the critical mechanism for generating persistent income inequality, as well as slower economic growth. Hence expanding access remains an important challenge across the world, leaving much for governments to do. However, not all government actions are equally effective and some policies can even be counterproductive. This paper sets out principles for effective government policy on broadening access, drawing on the available evidence and illustrating with examples. The paper concludes with directions for future research.
Original languageEnglish
Pages (from-to)119-145
JournalWorld Bank Research Observer
Volume24
Issue number1
Publication statusPublished - 2009

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financial services
financial service
finance
government policy
economic growth
developing world
developing country
income
lack
evidence
policy
Financial services
Africa
world
household
Government

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Beck, T. H. L., Demirgüc-Kunt, A., & Honohan, P. (2009). Access to financial services: Measurement, impact and policies. World Bank Research Observer, 24(1), 119-145.
Beck, T.H.L. ; Demirgüc-Kunt, A. ; Honohan, P. / Access to financial services : Measurement, impact and policies. In: World Bank Research Observer. 2009 ; Vol. 24, No. 1. pp. 119-145.
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Beck, THL, Demirgüc-Kunt, A & Honohan, P 2009, 'Access to financial services: Measurement, impact and policies', World Bank Research Observer, vol. 24, no. 1, pp. 119-145.

Access to financial services : Measurement, impact and policies. / Beck, T.H.L.; Demirgüc-Kunt, A.; Honohan, P.

In: World Bank Research Observer, Vol. 24, No. 1, 2009, p. 119-145.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - Access to financial services

T2 - Measurement, impact and policies

AU - Beck, T.H.L.

AU - Demirgüc-Kunt, A.

AU - Honohan, P.

PY - 2009

Y1 - 2009

N2 - In many developing countries less than half the population has access to formal financial services, and in most of Africa less than one in five households has access. Lack of access to finance is often the critical mechanism for generating persistent income inequality, as well as slower economic growth. Hence expanding access remains an important challenge across the world, leaving much for governments to do. However, not all government actions are equally effective and some policies can even be counterproductive. This paper sets out principles for effective government policy on broadening access, drawing on the available evidence and illustrating with examples. The paper concludes with directions for future research.

AB - In many developing countries less than half the population has access to formal financial services, and in most of Africa less than one in five households has access. Lack of access to finance is often the critical mechanism for generating persistent income inequality, as well as slower economic growth. Hence expanding access remains an important challenge across the world, leaving much for governments to do. However, not all government actions are equally effective and some policies can even be counterproductive. This paper sets out principles for effective government policy on broadening access, drawing on the available evidence and illustrating with examples. The paper concludes with directions for future research.

M3 - Article

VL - 24

SP - 119

EP - 145

JO - World Bank Research Observer

JF - World Bank Research Observer

SN - 0257-3032

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Beck THL, Demirgüc-Kunt A, Honohan P. Access to financial services: Measurement, impact and policies. World Bank Research Observer. 2009;24(1):119-145.