Abstract
Financial inclusion is defined as having access to useful and affordable financial
products and services, delivered in a responsible and sustainable way (World
Bank, 2020). There have been multiple studies showing access to financial services promoting growth, especially for developing countries. Similarly, there is a growing body of literature showing the positive role of financial inclusion on
improving household well-being and economic growth. For example, Burgess
and Pande (2005), Beck et al. (2007), and Bruhn and Love (2014) show that
greater access to finance reduces income inequality and poverty. Similar positive
effects on a myriad of outcome measures have also been presented in the literature.1 However, the number of studies linking financial inclusion and reduction in poverty levels in a country are limited (Chibba, 2009; Jalilian and Kirkpatrick, 2005; Churchill and Marisetty, 2019).2
products and services, delivered in a responsible and sustainable way (World
Bank, 2020). There have been multiple studies showing access to financial services promoting growth, especially for developing countries. Similarly, there is a growing body of literature showing the positive role of financial inclusion on
improving household well-being and economic growth. For example, Burgess
and Pande (2005), Beck et al. (2007), and Bruhn and Love (2014) show that
greater access to finance reduces income inequality and poverty. Similar positive
effects on a myriad of outcome measures have also been presented in the literature.1 However, the number of studies linking financial inclusion and reduction in poverty levels in a country are limited (Chibba, 2009; Jalilian and Kirkpatrick, 2005; Churchill and Marisetty, 2019).2
| Original language | English |
|---|---|
| Title of host publication | Financial inclusion in Asia and beyond |
| Subtitle of host publication | measurement, development gaps, and economic consequences |
| Editors | Tony Cavoli, Rashesh Shrestha |
| Publisher | Routledge, Taylor & Francis |
| Chapter | 9 |
| Pages | 251-269 |
| Number of pages | 19 |
| ISBN (Electronic) | 9781000348897 |
| ISBN (Print) | 9780367476885 |
| Publication status | Published - 2021 |
| Externally published | Yes |
Publication series
| Name | Routledge-ERIA Studies in Development Economics |
|---|
Keywords
- BUSINESS & ECONOMICS / Development / Economic Development
- BUSINESS & ECONOMICS / Finance / Financial Engineering
- BUSINESS & ECONOMICS / Finance / Financial Risk Management
- Monetary economics
- Asian economics
- Financial services industry
- Development economics
- Financial inclusion
- access to financial products
- access to financial services
- developing countries
- World Bank
- economic growth
- household well-being
- household finances
