Household financial assets in the process of development / Patrick Honohan, Research working paper Collection Title:Policy.

Format:

Book

Government document

Author/Creator:

Honohan, Patrick.

Contributor:

World Bank.

Series:

Policy research working papers ; 3965.

World Bank e-Library.

Policy research working paper ; 3965

Language:

English

Subjects (All):

Households--Economic aspects--Developing countries.

Households.

Other Title:

Policy research working paper vol. 3965

Place of Publication:

[Washington, D.C. : World Bank, 2006]

System Details:

data file

Summary:

"Systematic information on household financial asset holdings in developing countries is very sparse. The author reviews some available data and current policy debates. Although financial asset holdings by households are highly concentrated, deeper financial systems are correlated with improved income distribution. For low-income countries, the relevant question for poor households is not how much financial assets they have, but whether they have any access to financial products at all. Building on and synthesizing disparate data collection efforts by others, the author produces new estimates of access percentages for over 150 countries. Across countries access is negatively correlated with poverty rates, but the correlation is not a robust one: thus the supposed anti-poverty potential of financial access remains econometrically elusive. Despite policy focus on the value of credit instruments, it is deposit products that tend to be the first to be used as prosperity increases, before more sophisticated savings products and borrowing. "--World Bank web site.

Notes:

Title from PDF file as viewed on 8/21/2006.

Includes bibliographical references.

Publisher Number:

10.1596/1813-9450-3965