Financial Inclusion : Can it Meet Multiple Macroeconomic Goals?

Author/Editor:

Ratna Sahay ; Martin Cihak ; Papa M N'Diaye ; Adolfo Barajas ; Srobona Mitra ; Annette J Kyobe ; Yen N Mooi ; Reza Yousefi

Publication Date:

September 15, 2015

Electronic Access:

Free Full text (PDF file size is 2354 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Using several recently available global datasets, this Staff Discussion Note examines macroeconomic effects of financial inclusion. It finds significant benefits to economic growth from financial inclusion, but the benefits diminish as financial inclusion and depth become large. Broadening access to credit can compromise economic and bank stability in countries with weak bank supervision. Other forms of financial inclusion—such as access to and use of bank accounts, branches, and ATMs—do not hurt stability, and can be promoted extensively. The note finds that gaps in financial inclusion are associated with economic inequality, but the association appears relatively weak.

Series:

Staff Discussion Notes No. 15/17

Subject:

English

Publication Date:

September 15, 2015

ISBN/ISSN:

9781513585154/

Stock No:

SDNEA2015017

Price:

$10.00 (Academic Rate:$10.00)

Format:

Paper

Pages:

33

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