Financial Inclusion and Stability : What Does Research Show?

A growing body of research suggests that whether broad-based access to formal financial services promotes financial stability depends on how that access is managed within the regulatory and supervisory framework, especially in terms of financial in...

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Main Authors:	Cull, Robert, Aslı Demirgüç-Kunt, Lyman, Timothy
Format:	Brief
Language:	English
Published:	Washington, DC: World Bank 2012
Subjects:	ACCESS TO CREDIT ACCESS TO FINANCE ADVERSE EFFECTS ALLOCATION OF CAPITAL ANTI-MONEY LAUNDERING BAD BANKS BANK BRANCH BANK POLICY BANKING SUPERVISION BANKING SYSTEM BANKS BARRIER CAPITALIZATION COLLEGE DEGREE COMMERCIAL BANKING CONSUMER PROTECTION CORRUPTION COUNTRY LEVEL DEBT DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIVERSIFICATION DOMESTIC SAVINGS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMICS EDUCATIONAL ATTAINMENT EMERGING MARKETS EMPIRICAL STUDIES EMPIRICAL WORK ENTREPRENEURSHIP FINANCIAL ACCESS FINANCIAL ASSETS FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL EXCLUSION FINANCIAL INFRASTRUCTURE FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL LITERACY FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR POLICIES FINANCIAL SECTOR REGULATION FINANCIAL SECTORS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEM STABILITY FINANCIAL SYSTEMS FINANCIAL TOOLS FINANCING OBSTACLES FIRM GROWTH FORMAL FINANCIAL SERVICES GINI COEFFICIENT GLOBAL STANDARD GROWTH RATES HOUSEHOLDS INCOME INCOME DIFFERENTIALS INCOME DISTRIBUTION INCOME INEQUALITY INCOME SHARE INCOMES INEQUALITY INFORMAL SAVINGS INSURANCE INVESTMENT OPPORTUNITIES LABOR MARKETS LACK OF KNOWLEDGE LEGAL CONSTRAINTS LONG RUN MANDATES MARKET STABILITY MICROFINANCE OPPORTUNITY COSTS POLICY ISSUES POLICY MAKERS POLICY RESEARCH POLITICAL STABILITY PORTFOLIOS POVERTY ALLEVIATION POVERTY LINE POVERTY REDUCTION PRIVATE SECTOR DEVELOPMENT PRO-POOR REGULATORS RELATIVE WAGE RESERVE RESERVE BANK RESERVE BANK OF INDIA RURAL BANKS SAVINGS SAVINGS PRODUCTS SMALL BUSINESS SMALL LOANS SMALL SAVERS SOCIAL BANKING STABLE ECONOMY STABLE SOCIETY SUPERVISORY FRAMEWORK SYSTEMIC RISK UNDERDEVELOPED FINANCIAL SYSTEMS UNSECURED DEBT WAGE RATES WHITE PAPER
Online Access:	http://documents.worldbank.org/curated/en/2012/05/16542131/financial-inclusion-stability-research-show http://hdl.handle.net/10986/9443

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spelling	okr-10986-94432021-04-23T14:02:45Z Financial Inclusion and Stability : What Does Research Show? Cull, Robert Aslı Demirgüç-Kunt Lyman, Timothy ACCESS TO CREDIT ACCESS TO FINANCE ADVERSE EFFECTS ALLOCATION OF CAPITAL ANTI-MONEY LAUNDERING BAD BANKS BANK BRANCH BANK POLICY BANKING SUPERVISION BANKING SYSTEM BANKS BARRIER CAPITALIZATION COLLEGE DEGREE COMMERCIAL BANKING CONSUMER PROTECTION CORRUPTION COUNTRY LEVEL DEBT DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIVERSIFICATION DOMESTIC SAVINGS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMICS EDUCATIONAL ATTAINMENT EMERGING MARKETS EMPIRICAL STUDIES EMPIRICAL WORK ENTREPRENEURSHIP FINANCIAL ACCESS FINANCIAL ASSETS FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL EXCLUSION FINANCIAL INFRASTRUCTURE FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL LITERACY FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR POLICIES FINANCIAL SECTOR REGULATION FINANCIAL SECTORS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEM STABILITY FINANCIAL SYSTEMS FINANCIAL TOOLS FINANCING OBSTACLES FIRM GROWTH FORMAL FINANCIAL SERVICES GINI COEFFICIENT GLOBAL STANDARD GROWTH RATES HOUSEHOLDS INCOME INCOME DIFFERENTIALS INCOME DISTRIBUTION INCOME INEQUALITY INCOME SHARE INCOMES INEQUALITY INFORMAL SAVINGS INSURANCE INVESTMENT OPPORTUNITIES LABOR MARKETS LACK OF KNOWLEDGE LEGAL CONSTRAINTS LONG RUN MANDATES MARKET STABILITY MICROFINANCE OPPORTUNITY COSTS POLICY ISSUES POLICY MAKERS POLICY RESEARCH POLITICAL STABILITY PORTFOLIOS POVERTY ALLEVIATION POVERTY LINE POVERTY REDUCTION PRIVATE SECTOR DEVELOPMENT PRO-POOR REGULATORS RELATIVE WAGE RESERVE RESERVE BANK RESERVE BANK OF INDIA RURAL BANKS SAVINGS SAVINGS PRODUCTS SMALL BUSINESS SMALL LOANS SMALL SAVERS SOCIAL BANKING STABLE ECONOMY STABLE SOCIETY SUPERVISORY FRAMEWORK SYSTEMIC RISK UNDERDEVELOPED FINANCIAL SYSTEMS UNSECURED DEBT WAGE RATES WHITE PAPER A growing body of research suggests that whether broad-based access to formal financial services promotes financial stability depends on how that access is managed within the regulatory and supervisory framework, especially in terms of financial integrity and consumer protection. Four factors come into play: financial inclusion, financial consumer protection, financial integrity, and financial stability. These factors are inter-related and, under the right conditions, positively related. Yet failings on one dimension are likely to lead to problems on others. This brief explores what research to date shows about the linkages and potential beneficial relationships among these factors, and it identifies gaps that remain to be explored. There is limited empirical work exploring the specific linkages between financial inclusion and financial stability. Studies have focused largely on the impact of financial development on growth, income inequality, and poverty reduction. The evidence strongly indicates that, when effectively regulated and supervised, financial development spurs economic growth, reduces income inequality, and helps lift households out of poverty. 2012-08-13T08:36:34Z 2012-08-13T08:36:34Z 2012-05 http://documents.worldbank.org/curated/en/2012/05/16542131/financial-inclusion-stability-research-show http://hdl.handle.net/10986/9443 English CGAP Brief CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCESS TO CREDIT ACCESS TO FINANCE ADVERSE EFFECTS ALLOCATION OF CAPITAL ANTI-MONEY LAUNDERING BAD BANKS BANK BRANCH BANK POLICY BANKING SUPERVISION BANKING SYSTEM BANKS BARRIER CAPITALIZATION COLLEGE DEGREE COMMERCIAL BANKING CONSUMER PROTECTION CORRUPTION COUNTRY LEVEL DEBT DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIVERSIFICATION DOMESTIC SAVINGS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMICS EDUCATIONAL ATTAINMENT EMERGING MARKETS EMPIRICAL STUDIES EMPIRICAL WORK ENTREPRENEURSHIP FINANCIAL ACCESS FINANCIAL ASSETS FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL EXCLUSION FINANCIAL INFRASTRUCTURE FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL LITERACY FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR POLICIES FINANCIAL SECTOR REGULATION FINANCIAL SECTORS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEM STABILITY FINANCIAL SYSTEMS FINANCIAL TOOLS FINANCING OBSTACLES FIRM GROWTH FORMAL FINANCIAL SERVICES GINI COEFFICIENT GLOBAL STANDARD GROWTH RATES HOUSEHOLDS INCOME INCOME DIFFERENTIALS INCOME DISTRIBUTION INCOME INEQUALITY INCOME SHARE INCOMES INEQUALITY INFORMAL SAVINGS INSURANCE INVESTMENT OPPORTUNITIES LABOR MARKETS LACK OF KNOWLEDGE LEGAL CONSTRAINTS LONG RUN MANDATES MARKET STABILITY MICROFINANCE OPPORTUNITY COSTS POLICY ISSUES POLICY MAKERS POLICY RESEARCH POLITICAL STABILITY PORTFOLIOS POVERTY ALLEVIATION POVERTY LINE POVERTY REDUCTION PRIVATE SECTOR DEVELOPMENT PRO-POOR REGULATORS RELATIVE WAGE RESERVE RESERVE BANK RESERVE BANK OF INDIA RURAL BANKS SAVINGS SAVINGS PRODUCTS SMALL BUSINESS SMALL LOANS SMALL SAVERS SOCIAL BANKING STABLE ECONOMY STABLE SOCIETY SUPERVISORY FRAMEWORK SYSTEMIC RISK UNDERDEVELOPED FINANCIAL SYSTEMS UNSECURED DEBT WAGE RATES WHITE PAPER
spellingShingle	ACCESS TO CREDIT ACCESS TO FINANCE ADVERSE EFFECTS ALLOCATION OF CAPITAL ANTI-MONEY LAUNDERING BAD BANKS BANK BRANCH BANK POLICY BANKING SUPERVISION BANKING SYSTEM BANKS BARRIER CAPITALIZATION COLLEGE DEGREE COMMERCIAL BANKING CONSUMER PROTECTION CORRUPTION COUNTRY LEVEL DEBT DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIVERSIFICATION DOMESTIC SAVINGS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMICS EDUCATIONAL ATTAINMENT EMERGING MARKETS EMPIRICAL STUDIES EMPIRICAL WORK ENTREPRENEURSHIP FINANCIAL ACCESS FINANCIAL ASSETS FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL EXCLUSION FINANCIAL INFRASTRUCTURE FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL LITERACY FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR POLICIES FINANCIAL SECTOR REGULATION FINANCIAL SECTORS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEM STABILITY FINANCIAL SYSTEMS FINANCIAL TOOLS FINANCING OBSTACLES FIRM GROWTH FORMAL FINANCIAL SERVICES GINI COEFFICIENT GLOBAL STANDARD GROWTH RATES HOUSEHOLDS INCOME INCOME DIFFERENTIALS INCOME DISTRIBUTION INCOME INEQUALITY INCOME SHARE INCOMES INEQUALITY INFORMAL SAVINGS INSURANCE INVESTMENT OPPORTUNITIES LABOR MARKETS LACK OF KNOWLEDGE LEGAL CONSTRAINTS LONG RUN MANDATES MARKET STABILITY MICROFINANCE OPPORTUNITY COSTS POLICY ISSUES POLICY MAKERS POLICY RESEARCH POLITICAL STABILITY PORTFOLIOS POVERTY ALLEVIATION POVERTY LINE POVERTY REDUCTION PRIVATE SECTOR DEVELOPMENT PRO-POOR REGULATORS RELATIVE WAGE RESERVE RESERVE BANK RESERVE BANK OF INDIA RURAL BANKS SAVINGS SAVINGS PRODUCTS SMALL BUSINESS SMALL LOANS SMALL SAVERS SOCIAL BANKING STABLE ECONOMY STABLE SOCIETY SUPERVISORY FRAMEWORK SYSTEMIC RISK UNDERDEVELOPED FINANCIAL SYSTEMS UNSECURED DEBT WAGE RATES WHITE PAPER Cull, Robert Aslı Demirgüç-Kunt Lyman, Timothy Financial Inclusion and Stability : What Does Research Show?
relation	CGAP Brief
description	A growing body of research suggests that whether broad-based access to formal financial services promotes financial stability depends on how that access is managed within the regulatory and supervisory framework, especially in terms of financial integrity and consumer protection. Four factors come into play: financial inclusion, financial consumer protection, financial integrity, and financial stability. These factors are inter-related and, under the right conditions, positively related. Yet failings on one dimension are likely to lead to problems on others. This brief explores what research to date shows about the linkages and potential beneficial relationships among these factors, and it identifies gaps that remain to be explored. There is limited empirical work exploring the specific linkages between financial inclusion and financial stability. Studies have focused largely on the impact of financial development on growth, income inequality, and poverty reduction. The evidence strongly indicates that, when effectively regulated and supervised, financial development spurs economic growth, reduces income inequality, and helps lift households out of poverty.
format	Publications & Research :: Brief
author	Cull, Robert Aslı Demirgüç-Kunt Lyman, Timothy
author_facet	Cull, Robert Aslı Demirgüç-Kunt Lyman, Timothy
author_sort	Cull, Robert
title	Financial Inclusion and Stability : What Does Research Show?
title_short	Financial Inclusion and Stability : What Does Research Show?
title_full	Financial Inclusion and Stability : What Does Research Show?
title_fullStr	Financial Inclusion and Stability : What Does Research Show?
title_full_unstemmed	Financial Inclusion and Stability : What Does Research Show?
title_sort	financial inclusion and stability : what does research show?
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2012/05/16542131/financial-inclusion-stability-research-show http://hdl.handle.net/10986/9443
_version_	1764409374262951936

Financial Inclusion and Stability : What Does Research Show?

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