Finance And Economic Opportunity

Finance And Economic Opportunity

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An influential body of theoretical research and an emerging line of empirical work suggest that the operation of the formal financial system affects the degree to which economic opportunities are defined by talent and initiative rather than by parental wealth and social connections. This paper discu...

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Bibliographische Detailangaben
1. Verfasser: Demirgüç-Kunt, Asli 1961- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 2008
Schlagworte:
Access to Finance
Banks and Banking Reform
Debt Markets
Economic Opportunities
Economic Opportunity
Economic Theory and Research
Emerging Markets
Finance and Financial Sector Development
Financial Markets
Financial Services
Financial System
Financial Systems
Formal Financial Sector
Households
Inequality
Macroeconomics and Economic Growth
Private Sector Development
Small Enterprises
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Beschreibung
Zusammenfassung:An influential body of theoretical research and an emerging line of empirical work suggest that the operation of the formal financial system affects the degree to which economic opportunities are defined by talent and initiative rather than by parental wealth and social connections. This paper discusses the theory of how financial markets influence economic opportunity and reviews recent empirical work on the relation between formal financial systems and poverty, income inequality, and economic opportunity. The authors consider recent efforts to measure the ability of households and small enterprises to access financial services, the impact of this access, and the mechanisms through which finance affects poverty and inequality. The authors argue that considerably more research is needed to identify which formal financial sector policies enhance the operation of the financial system in ways that expand the economic horizons of the economically disenfranchised
Beschreibung:Weitere Ausgabe: Demirguc-Kunt, Asli: Finance And Economic Opportunity
Beschreibung:1 Online-Ressource (1 online resource (34 p.))

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