Abstract
This Presidential address draws on the Global Financial Development Report (2014a) and focuses on financial inclusion - the share of individuals and firms that use financial services. It defines financial inclusion, discusses challenges involved in measuring it and why financial inclusion is important for reducing poverty and income inequality. Overall the role of policy is not financial inclusion for the sake of inclusion since policies promoting credit for all at all cost can lead to greater financial and economic instability. The talk provides evidence-based examples of policies that can support healthy and sustainable financial inclusion.
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Demirgüç-Kunt, Asli. Financial Inclusion. Presidential address, International Atlantic eEconomic Society, 2014. Web. 28 April 2014. http://www.iaes.org/madrid-videos/.
The World Bank Group. The Global Financial Development Report 2013. Web. 28 April 2014. http://elibrary.worldbank.org/doi/book/10.1596/978-0-8213-9503-5.
The World Bank Group (a). The Global Financial Development Report 2014. Web. 28 April 2014. http://www.worldbank.org/financialdevelopment.
The World Bank Group (b). The Global Financial Inclusion (Global Findex) Database. Web. 28 April 2014. http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTRESEARCH/EXTPROGRAMS/EXTFINRES/EXTGLOBALFIN/0,,contentMDK:23147627~pagePK:64168176~piPK:64168140~theSitePK:8519639,00.html.
The World Bank Group (c). Doing Business 2014: Understanding Regulations for Small and Medium-Sized Enterprises. Web 28 April 2014. http://doingbusiness.org/reports/global-reports/doing-business-2014.
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Thank you Charlie (Calomiris) for the great introduction and thank you Kathy (Virgo). It is a great pleasure to be here with you today and it is wonderful to be in Madrid; my first time.
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Demirgüç-Kunt, A. Presidential Address: Financial Inclusion. Atl Econ J 42, 349–356 (2014). https://doi.org/10.1007/s11293-014-9429-z
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DOI: https://doi.org/10.1007/s11293-014-9429-z
Keywords
- Financial inclusion
- Policies for responsible financial inclusion
- Promise of technology
- Financial literacy