Chapter

Why is there Not More Financial Intermediation in Developing Countries?

Jonathan Conning and Michael Kevane

in Insurance Against Poverty

Published in print November 2004 | ISBN: 9780199276837
Published online January 2005 | e-ISBN: 9780191601620 | DOI: http://dx.doi.org/10.1093/0199276838.003.0016

Series: WIDER Studies in Development Economics

Why is there Not More Financial Intermediation in Developing Countries?

Show Summary Details

Preview

Certain factors can slow down financial integration in developing countries. These include problems of information asymmetry, lack of intermediary capital, and crowding-out. Individuals already involved in existing financial networks may have few incentives to deal with an intermediary. Village norms against cooperation and outsiders may also be strong.

Keywords: financial integration; financial intermediation; financial systems; developing countries

Chapter.  13390 words.  Illustrated.

Subjects: Economic Development and Growth

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.