The basic analytics of access to financial services /

The basic analytics of access to financial services /

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Bibliographic Details
Author / Creator:	Beck, Thorsten.
Imprint:	Malden, Mass. : Blackwell Pub., c2007.
Description:	p. [79]-117 : ill. ; 23 cm.
Language:	English
Series:	Financial markets, institutions & instruments ; v. 16, no. 2 Financial markets, institutions & instruments ; v. 16, no. 2
Subject:	Financial services industry. Financial services industry.
Format:	E-Resource Print Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/6376825

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Other authors / contributors:	Torre, Augusto de la New York University. Salomon Center. Leonard N. Stern School of Business.
Notes:	Cover title. "May 2007." "New York University Salomon Center." "New York University, Leonard N. Stern School of Business." Includes bibliographical references (p. 113-116). Also available on the Internet.
Summary:	Access to financial services, or rather the lack thereof, is often indiscriminately decried as a problem in many developing countries. The authors argue that the "problem of access" should rather be analyzed by identifying different demand and supply constraints. They use the concept of an access possibilities frontier, drawn for a given set of state variables, to distinguish between cases where a financial system settles below the constrained optimum, cases where this constrained optimum is too low, and-in credit services-cases where the observed outcome is excessively high. They distinguish between payment and savings services and fixed intermediation costs, on the one hand, and lending services and different sources of credit risk, on the other hand. The authors include both supply and demand side frictions that can lead to lower access. The analysis helps identify bankable and banked population, the binding constraint to close the gap between the two, and policies to prudently expand the bankable population. This new conceptual framework can inform the debate on adequate policies to expand access to financial services and can serve as the basis for an informed measurement of access.

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Call Number:	HG173.B44 2007
c.1	Available Loan period: standard loan Scan and Deliver Request for Pickup Need help? - Ask a Librarian