Journal Article

Access to Finance: An Unfinished Agenda

Thorsten Beck and Asli Demirgüç-Kunt

in The World Bank Economic Review

Volume 22, issue 3, pages 383-396
Published in print October 2008 | ISSN: 0258-6770
Published online November 2008 | e-ISSN: 1564-698X | DOI: http://dx.doi.org/10.1093/wber/lhn021
Access to Finance: An Unfinished Agenda

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  • Financial Institutions and Services
  • Banking
  • Economic Development

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Recent data compilations show that many poor and nonpoor people in many developing countries face a high degree of financial exclusion and high barriers in access to finance. Theory and empirical evidence point to the critical role that improved access to finance has in promoting growth and reducing income inequality. An extensive literature shows the channels through which finance promotes enterprise growth and improves aggregate resource allocation. There is less evidence at the household level, however, and on the effectiveness of policies to overcome financial exclusion. The article summarizes recent efforts to measure and analyze the impact of access to finance and discusses the unfinished research agenda.

Keywords: G2; G21; O16

Journal Article.  5523 words. 

Subjects: Financial Institutions and Services ; Banking ; Economic Development

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