Brazil : Access to Financial Services
This study seeks to evaluate present levels of access to financial services, and government policies adopted which impact upon access. Based on these findings, it explores options for increased future access to financial services in Brazil. The fir...
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| Format: | Other Financial Sector Study |
| Language: | English en_US |
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Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/02/3044618/brazil-access-financial-services http://hdl.handle.net/10986/14599 |
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okr-10986-145992021-04-23T14:03:17Z Brazil : Access to Financial Services World Bank FINANCIAL SERVICES ACCESS TO CREDIT FINANCIAL POLICY POLICY REFORM MACROECONOMIC POLICY FINANCIAL SECTOR REFORM REGULATORY REFORM TARGET GROUPS FINANCIAL INTERMEDIATION FINANCIAL INSTITUTIONS BANKING SYSTEMS REGIONAL DISPARITY MICROFINANCE COOPERATIVE BANKS & BANKING BRANCHES CDS COLLABORATION CORPORATION CREDIT RISK CREDIT UNIONS DEPOSITS EMPLOYMENT EXPANSION FACTORING FINANCIAL INSTITUTIONS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES INSURANCE LEASING MICROFINANCE PREPARATION PRIVATE BANKS PRIVATE SECTOR SAVINGS SAVINGS BEHAVIOR SMALL BUSINESS SMALL ENTERPRISES SME SOCIAL DEVELOPMENT SOCIAL JUSTICE TELEPHONE BANKING VENTURE CAPITAL This study seeks to evaluate present levels of access to financial services, and government policies adopted which impact upon access. Based on these findings, it explores options for increased future access to financial services in Brazil. The first section highlights the core conclusions to emerge from the study, which would have implications for government policy. The second section provides a guide to the thematic scope, and content of the study, and the third section describes the findings, conclusions, and recommendations of each section. The overarching message to emerge from this study is that increased financial access would be promoted, by sound overall macroeconomic, and financial sector policy. Beyond that, the Government could, and should undertake regulatory reforms to enable financial markets to function more smoothly, and undertake targeted policies to improve access. However, care should be taken to ensure that such targeted policies allow the excluded groups efficient participation in financial markets. This would direct the focus towards a review of incentives, rather than public financing of special programs. The study points to a series of factors which affect volumes, and costs of financial intermediation. It emphasizes that despite the absence of simple remedies, there are a series of areas in which actions can be taken, which together would help expand access, and lower its costs. Findings in the study suggest that while Brazil is not under-banked in terms of bank branch presence, disparities however in financial access can be as significant between neighborhoods within a city, as between regions of the country. Nonetheless, initial measures designed to expand access adopted over the last few years, especially for the microfinance, and cooperative sectors, and later for banking correspondents, were successful, and pointed towards new modes of access to financial services. One form of alternative measures to the traditional programs include new instruments to offer possibilities for market-based expansion of services. 2013-07-25T15:47:14Z 2013-07-25T15:47:14Z 2004-02-19 http://documents.worldbank.org/curated/en/2004/02/3044618/brazil-access-financial-services http://hdl.handle.net/10986/14599 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Latin America & Caribbean Brazil |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
FINANCIAL SERVICES ACCESS TO CREDIT FINANCIAL POLICY POLICY REFORM MACROECONOMIC POLICY FINANCIAL SECTOR REFORM REGULATORY REFORM TARGET GROUPS FINANCIAL INTERMEDIATION FINANCIAL INSTITUTIONS BANKING SYSTEMS REGIONAL DISPARITY MICROFINANCE COOPERATIVE BANKS & BANKING BRANCHES CDS COLLABORATION CORPORATION CREDIT RISK CREDIT UNIONS DEPOSITS EMPLOYMENT EXPANSION FACTORING FINANCIAL INSTITUTIONS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES INSURANCE LEASING MICROFINANCE PREPARATION PRIVATE BANKS PRIVATE SECTOR SAVINGS SAVINGS BEHAVIOR SMALL BUSINESS SMALL ENTERPRISES SME SOCIAL DEVELOPMENT SOCIAL JUSTICE TELEPHONE BANKING VENTURE CAPITAL |
| spellingShingle |
FINANCIAL SERVICES ACCESS TO CREDIT FINANCIAL POLICY POLICY REFORM MACROECONOMIC POLICY FINANCIAL SECTOR REFORM REGULATORY REFORM TARGET GROUPS FINANCIAL INTERMEDIATION FINANCIAL INSTITUTIONS BANKING SYSTEMS REGIONAL DISPARITY MICROFINANCE COOPERATIVE BANKS & BANKING BRANCHES CDS COLLABORATION CORPORATION CREDIT RISK CREDIT UNIONS DEPOSITS EMPLOYMENT EXPANSION FACTORING FINANCIAL INSTITUTIONS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES INSURANCE LEASING MICROFINANCE PREPARATION PRIVATE BANKS PRIVATE SECTOR SAVINGS SAVINGS BEHAVIOR SMALL BUSINESS SMALL ENTERPRISES SME SOCIAL DEVELOPMENT SOCIAL JUSTICE TELEPHONE BANKING VENTURE CAPITAL World Bank Brazil : Access to Financial Services |
| geographic_facet |
Latin America & Caribbean Brazil |
| description |
This study seeks to evaluate present
levels of access to financial services, and government
policies adopted which impact upon access. Based on these
findings, it explores options for increased future access to
financial services in Brazil. The first section highlights
the core conclusions to emerge from the study, which would
have implications for government policy. The second section
provides a guide to the thematic scope, and content of the
study, and the third section describes the findings,
conclusions, and recommendations of each section. The
overarching message to emerge from this study is that
increased financial access would be promoted, by sound
overall macroeconomic, and financial sector policy. Beyond
that, the Government could, and should undertake regulatory
reforms to enable financial markets to function more
smoothly, and undertake targeted policies to improve access.
However, care should be taken to ensure that such targeted
policies allow the excluded groups efficient participation
in financial markets. This would direct the focus towards a
review of incentives, rather than public financing of
special programs. The study points to a series of factors
which affect volumes, and costs of financial intermediation.
It emphasizes that despite the absence of simple remedies,
there are a series of areas in which actions can be taken,
which together would help expand access, and lower its
costs. Findings in the study suggest that while Brazil is
not under-banked in terms of bank branch presence,
disparities however in financial access can be as
significant between neighborhoods within a city, as between
regions of the country. Nonetheless, initial measures
designed to expand access adopted over the last few years,
especially for the microfinance, and cooperative sectors,
and later for banking correspondents, were successful, and
pointed towards new modes of access to financial services.
One form of alternative measures to the traditional programs
include new instruments to offer possibilities for
market-based expansion of services. |
| format |
Economic & Sector Work :: Other Financial Sector Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Brazil : Access to Financial Services |
| title_short |
Brazil : Access to Financial Services |
| title_full |
Brazil : Access to Financial Services |
| title_fullStr |
Brazil : Access to Financial Services |
| title_full_unstemmed |
Brazil : Access to Financial Services |
| title_sort |
brazil : access to financial services |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/02/3044618/brazil-access-financial-services http://hdl.handle.net/10986/14599 |
| _version_ |
1764428268154388480 |