Download the fantastic book titled Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality written by Ms.Era Dabla-Norris, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality", which was released on 27 January 2015. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality by Ms.Era Dabla-Norris PDF
We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these constraints separately, and in combination, on GDP and inequality. We focus on three dimensions of financial inclusion: access (determined by the size of participation costs), depth (determined by the size of collateral constraints resulting from limited commitment), and intermediation efficiency (determined by the size of interest rate spreads and default possibilities due to costly monitoring). We take the model to a firm-level data from the World Bank Enterprise Survey for six countries at varying degrees of economic development—three low-income countries (Uganda, Kenya, Mozambique), and three emerging market countries (Malaysia, the Philippines, and Egypt). The results suggest that alleviating different financial frictions have a differential impact across countries, with country-specific characteristics playing a central role in determining the linkages and tradeoffs between inclusion, GDP, inequality, and the distribution of gains and losses.
Detail About Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality PDF
- Author : Ms.Era Dabla-Norris
- Publisher : International Monetary Fund
- Genre : Business & Economics
- Total Pages : 49 pages
- ISBN : 1498381596
- Release Date : 27 January 2015
- PDF File Size : 42,6 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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