Financial Inclusion Can it Meet Multiple Macroeconomic Goals?

Using several recently available global datasets, this Staff Discussion Note examines macroeconomic effects of financial inclusion. It finds significant benefits to economic growth from financial inclusion, but the benefits diminish as financial inclusion and depth become large. Broadening access to...

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Bibliographic Details
Main Author: Sahay, Ratna
Other Authors: Barajas, Adolfo, Cihak, Martin, Kyobe, Annette
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:Staff Discussion Notes
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Credit 
653 |a Women 
653 |a Banks 
653 |a Finance 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Financial sector policy and analysis 
653 |a Financial services 
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653 |a Economics of Gender 
653 |a Financial sector stability 
653 |a Monetary economics 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Non-labor Discrimination 
653 |a Micro Finance Institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Financial inclusion 
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520 |a Using several recently available global datasets, this Staff Discussion Note examines macroeconomic effects of financial inclusion. It finds significant benefits to economic growth from financial inclusion, but the benefits diminish as financial inclusion and depth become large. Broadening access to credit can compromise economic and bank stability in countries with weak bank supervision. Other forms of financial inclusion—such as access to and use of bank accounts, branches, and ATMs—do not hurt stability, and can be promoted extensively. The note finds that gaps in financial inclusion are associated with economic inequality, but the association appears relatively weak