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The Basic Analytics of Access To Financial Services / Beck, Thorsten
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications")- Format:
- Book
- Government document
- Author/Creator:
- Beck, Thorsten
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Bank.
- Banks.
- Banks and Banking Reform.
- Cred Credit Risk.
- Debt Markets.
- Demand.
- Depos Economic Development.
- Economic Theory and Research.
- Emerging Markets.
- Finance.
- Finance and Financial Sector Development.
- Financial Literacy.
- Financial Sector.
- Financial Services.
- Financial System.
- Income.
- Interest.
- Interest Rate.
- Lower-Income Households.
- Macroeconomics and Economic Growth.
- Population.
- Poverty Alleviation.
- Private Sector Development.
- Savings.
- Senior.
- Supply.
- Local Subjects:
- Bank.
- Banks.
- Banks and Banking Reform.
- Cred Credit Risk.
- Debt Markets.
- Demand.
- Depos Economic Development.
- Economic Theory and Research.
- Emerging Markets.
- Finance.
- Finance and Financial Sector Development.
- Financial Literacy.
- Financial Sector.
- Financial Services.
- Financial System.
- Income.
- Interest.
- Interest Rate.
- Lower-Income Households.
- Macroeconomics and Economic Growth.
- Population.
- Poverty Alleviation.
- Private Sector Development.
- Savings.
- Senior.
- Supply.
- Physical Description:
- 1 online resource (58 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2006
- System Details:
- data file
- Summary:
- Access to financial services, or rather the lack thereof, is often indiscriminately decried as a problem in many developing countries. The authors argue that the "problem of access" should rather be analyzed by identifying different demand and supply constraints. They use the concept of an access possibilities frontier, drawn for a given set of state variables, to distinguish between cases where a financial system settles below the constrained optimum, cases where this constrained optimum is too low, and-in credit services-cases where the observed outcome is excessively high. They distinguish between payment and savings services and fixed intermediation costs, on the one hand, and lending services and different sources of credit risk, on the other hand. The authors include both supply and demand side frictions that can lead to lower access. The analysis helps identify bankable and banked population, the binding constraint to close the gap between the two, and policies to prudently expand the bankable population. This new conceptual framework can inform the debate on adequate policies to expand access to financial services and can serve as the basis for an informed measurement of access.
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