Work

Financial inclusion - issues for central banks

Year: 2015

Type: article

Abstract: Financial inclusion - access to financial services - is increasing worldwide, often with official support. This special feature discusses the implications for central banks. Greater financial inclusion changes the behaviour of firms and consumers in ways that could influence the effectiveness of monetary policy. The impact on financial stability may depend on how any improvements in financial access are achieved. Risks may rise if greater financial inclusion results from rapid credit growth, or if relatively unregulated parts of the financial system grow quickly.

Source: RePEc: Research Papers in Economics

Authors: Aaron Mehrotra, James Yetman

Institution: Bank for International Settlements

Language: English

Topic: Microfinance and Financial Inclusion

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W3123019604

FWCI: 19.08

Cites:

Cited by: 181

Related to: 10