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Determinants of Financial Inclusion in Asia

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Financial Inclusion in Asia

Part of the book series: Palgrave Studies in Impact Finance ((SIF))

Abstract

Financial inclusion, defined as the use of formal financial services, is one of the major determinants of economic development. Being financially included allows individuals to relax constraints associated with investment in education and with launching a business. Financial inclusion thus fosters growth and reduces poverty (Beck et al. 2007; Bruhn and Love 2014). It permits individuals to save money and thus reduces uncertainty of income, but it also contributes to financial stability, as more frequent use of bank deposits creates a more stable deposit base for banks in troubled times (Han and Melecky 2013).

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Notes

  1. 1.

    Dabla-Norris et al. (2015) show that the reduction of constraints to financial inclusion can influence growth and inequality depending on country-specific characteristics in an empirical investigation of three low-income countries and three emerging market countries.

  2. 2.

    The Global Findex database is freely available on the World Bank website: http://datatopics.worldbank.org/financialinclusion/.

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Author information

Authors and Affiliations

  1. Institute for Economies in Transition, Bank of Finland, Helsinki, Finland

    Zuzana Fungáčová

  2. University of Strasbourg, Strasbourg, France

    Laurent Weill

Authors
  1. Zuzana Fungáčová
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  2. Laurent Weill
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Corresponding author

Correspondence to Laurent Weill .

Editor information

Editors and Affiliations

  1. National University of Singapore, Singapore, Singapore

    Sasidaran Gopalan

  2. National University of Singapore, Singapore, Singapore

    Tomoo Kikuchi

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© 2016 The Author(s)

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Fungáčová, Z., Weill, L. (2016). Determinants of Financial Inclusion in Asia. In: Gopalan, S., Kikuchi, T. (eds) Financial Inclusion in Asia. Palgrave Studies in Impact Finance. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-58337-6_2

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  • DOI: https://doi.org/10.1057/978-1-137-58337-6_2

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  • Publisher Name: Palgrave Macmillan, London

  • Print ISBN: 978-1-137-58336-9

  • Online ISBN: 978-1-137-58337-6

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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