Experts report on the latest research on extending access to financial services to the 2.5 billion adults around the world who lack it.
Experts report on the latest research on extending access to financial services to the 2.5 billion adults around the world who lack it.
About 2.5 billion adults, just over half the world's adult population, lack bank accounts. If we are to realize the goal of extending banking and other financial services to this vast ""unbanked"" population, we need to consider not only such product innovations as microfinance and mobile banking but also issues of data accuracy, impact assessment, risk mitigation, technology adaptation, financial literacy, and local context. In Banking the World, experts take up these topics, reporting on new research that will guide both policy makers and scholars in a broader push to extend financial markets.
The contributors consider such topics as the complexity of surveying people about their use of financial services; evidence of the impact of financial services on income; the occasional negative effects of financial services on poor households, including disincentives to work and overindebtedness; and tools for improving access such as nontraditional credit scores, financial incentives for banking, and identification technologies that can dramatically reduce loan default rates.
Edited by:
Robert Cull,
Asli Demirguc-Kunt,
Jonathan Morduch
Imprint: MIT Press
Country of Publication: United States
Dimensions:
Height: 229mm,
Width: 152mm,
Spine: 1mm
Weight: 454g
ISBN: 9780262544016
ISBN 10: 0262544016
Pages: 520
Publication Date: 02 November 2021
Audience:
General/trade
,
ELT Advanced
Format: Paperback
Publisher's Status: Active
1 Introduction: Banking the World 1 Robert Cull, Asl ı Demirg ü ç -Kunt, and Jonathan Morduch I Where Are We Now? 17 2 Half the World Is Unbanked 19 Alberto Chaia, Aparna Dalal, Tony Goland, Maria Jose Gonzalez, Jonathan Morduch, and Robert Schiff II Better Data 43 3 Cause and Effect of Financial Access: Cross-Country Evidence from the FinScope Surveys 45 Patrick Honohan and Michael King 4 How to Ask Households about Financial Services: Experimental Evidence from Ghana and Timor-Leste 85 Robert Cull and Kinnon Scott 5 Going with the Flow: Measuring Financial Usage in Poor Households 109 Daryl Collins III Creating Impact 135 6 The Economic Impact of Expanding Access to Finance in Mexico 137 Miriam Bruhn and Inessa Love 7 Finance and Hunger: Empirical Evidence of the Agricultural Productivity Channel 157 Stijn Claessens and Erik Feijen vi Contents 8 Entrepreneurial Finance in the Western Balkans: Characteristics of the Newly Self-Employed in Albania, Bosnia and Herzegovina, and Serbia 211 Asl ı Demirg ü ç -Kunt, Leora F. Klapper, and Georgios A. Panos IV Cautionary Tales 265 9 The Impact of International Remittances on Income, Work Efforts, Poverty, and Inequality: Evidence from Vietnam Household Living Standard Surveys 267 Nguyen Viet Cuong, Marrit van den Berg, and Robert Lensink 10 Mortgage Finance in Central and Eastern Europe — Opportunity or Burden? 305 Thorsten Beck, Katie Kibuuka, and Erwin R. Tiongson V More than Products 391 11 Measuring Personality Traits and Predicting Loan Default with Experiments and Surveys 393 Dean Karlan, Sendhil Mullainathan, and Omar Robles 12 Valuing Financial Literacy 415 Shawn Cole, Thomas Sampson, and Bilal Zia 13 Use of Biometric Technology in Developing Countries 429 Xavier Gin é , Jessica Goldberg, Shalini Sankaranarayanan, Peter Sheerin, and Dean Yang 14 Accessing Credit from Banks, Microfinance Institutions, and Informal Groups: What Is the Role of Social Capital? 447 Anni Heikkil ä , Panu Kalmi, and Olli-Pekka Ruuskanen VI Conclusion 467 15 Ten Research Questions 469 Jonathan Morduch Contributors 483 Index 485
Robert Cull is a Lead Economist in the Finance and Private Sector Development Team of the World Bank's Development Research Group. Asli Demirg -Kunt is Director of Development Policy in the World Bank's Development Economics Vice Presidency and Chief Economist of the Financial and Private Sector Development Network (FPD). She is the coeditor of Financial Structures and Economic Growth- A Cross-Country Comparison of Banks, Markets, and Development (MIT Press, 2001). Jonathan Morduch is Professor of Public Policy and Economics at New York University's Wagner Graduate School of Public Service. He is the coauthor of The Economics of Microfinance (MIT Press) and Portfolios of the Poor- How the World's Poor Live on $2 a Day.
