The Nexus of Financial Inclusion and Financial Stability : A Study of Trade-Offs and Synergies | |
Cihak, Martin ; Mare, Davide S. ; Melecky, Martin | |
World Bank, Washington, DC | |
关键词: MONETARY POLICY; WITHDRAWAL; DEPOSIT; CAPITAL MARKETS; FINANCIAL SERVICES; | |
DOI : 10.1596/1813-9450-7722 RP-ID : WPS7722 |
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学科分类:社会科学、人文和艺术(综合) | |
来源: World Bank Open Knowledge Repository | |
【 摘 要 】
Policy makers and regulators havedevoted much effort to reforms aimed at improving financialstability in response to lessons from the 2007-09 crisis. Atthe same time, much effort has also been directed topromoting greater financial inclusion as an enabler of equalopportunity. To some extent, these endeavors have beenexerted in silos, neglecting the possibility that financialinclusion and financial stability could be significantlyintertwined, positively or negatively. If there aresynergies or trade-offs between inclusion and stability,policy decisions must be informed, and the policy setting,design, and implementation adjusted accordingly. This paper(i) discusses the relationship between financial inclusionand stability, (ii) illustrates empirically interactionsbetween the two financial sector outcomes, and (iii)outlines policy challenges stemming from these interactions.
【 预 览 】
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The0Nexus0of0f0e0offs0and0synergies.pdf | 582KB | download |