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Author: Anjali Kumar Publisher: World Bank Publications ISBN: 9780821357163 Category : Business & Economics Languages : en Pages : 698
Book Description
There is an increasing awareness that access to financial services can contribute to economic growth and poverty reduction. This study focuses on the delivery of financial services in Brazil, one of the world's most important emerging financial markets. It examines different aspects of financial service provision, and explores approaches to address problems of financial exclusion. Topics discussed include: microfinance schemes; private banking; rural finance systems; institutional infrastructure; and the role of government policy.
Author: Anjali Kumar Publisher: World Bank Publications ISBN: 9780821357163 Category : Business & Economics Languages : en Pages : 698
Book Description
There is an increasing awareness that access to financial services can contribute to economic growth and poverty reduction. This study focuses on the delivery of financial services in Brazil, one of the world's most important emerging financial markets. It examines different aspects of financial service provision, and explores approaches to address problems of financial exclusion. Topics discussed include: microfinance schemes; private banking; rural finance systems; institutional infrastructure; and the role of government policy.
Author: Anjali Kumar Publisher: World Bank Publications ISBN: 0821361317 Category : Business & Economics Languages : en Pages : 93
Book Description
Access to financial services in Brazil has been relatively stable over the past ten years, despite the banking sector contraction of the late 1990s. Wide geographic variations in the supply of banking services by region and municipality are partly explained by differentials in income and population density. On a cross-country basis, Brazil does not appear to be underbanked. Looking at the use of financial services by different groups of consumers in Brazil, differences in financial access across regions is confirmed, but differences among richer and poorer neighborhoods can be as important. Public financial institutions in Brazil, deemed to be socially responsible, appear to have served disadvantaged groups more than private banks on some measures and for some services. However, their role varies by type of service, and in the case of some services, public banks in fact may have better served the better-off groups. At the level of individuals, the most important determinants of access to financial services are socio-economic characteristics such a income, wealth, and education. This may signify that in the presence of asymmetric information, access to such services depends critically on client information, and such characteristics provide a proxy for creditworthiness.
Author: Weltbank Publisher: ISBN: Category : Languages : en Pages :
Book Description
This study seeks to evaluate present levels of access to financial services, and government policies adopted which impact upon access. Based on these findings, it explores options for increased future access to financial services in Brazil. The first section highlights the core conclusions to emerge from the study, which would have implications for government policy. The second section provides a guide to the thematic scope, and content of the study, and the third section describes the findings, conclusions, and recommendations of each section. The overarching message to emerge from this study is that increased financial access would be promoted, by sound overall macroeconomic, and financial sector policy. Beyond that, the Government could, and should undertake regulatory reforms to enable financial markets to function more smoothly, and undertake targeted policies to improve access. However, care should be taken to ensure that such targeted policies allow the excluded groups efficient participation in financial markets. This would direct the focus towards a review of incentives, rather than public financing of special programs. The study points to a series of factors which affect volumes, and costs of financial intermediation. It emphasizes that despite the absence of simple remedies, there are a series of areas in which actions can be taken, which together would help expand access, and lower its costs. Findings in the study suggest that while Brazil is not under-banked in terms of bank branch presence, disparities however in financial access can be as significant between neighborhoods within a city, as between regions of the country. Nonetheless, initial measures designed to expand access adopted over the last few years, especially for the microfinance, and cooperative sectors, and later for banking correspondents, were successful, and pointed towards new modes of access to financial services. One form of alternative measures to the traditional programs include new instruments to offer possibilities for market-based expansion of services.
Author: Anjali Kumar Publisher: World Bank Publications ISBN: Category : Business & Economics Languages : en Pages : 100
Book Description
Introduction -- The supply of bank services: branches and service points -- Users of financial services: a survey of urban individuals -- Analysis of survey results: what explains access? -- Summary of findings and policy implications.
Author: Asli Demirguc-Kunt Publisher: World Bank Publications ISBN: 1464812683 Category : Business & Economics Languages : en Pages : 148
Book Description
In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Author: Stijn Claessens Publisher: World Bank Publications ISBN: Category : Financial services industry Languages : en Pages : 38
Book Description
"This paper reviews the evidence on the importance of finance for economic well-being, provides data on the degree of use of basic financial services by households and firms across a sample of countries, assesses the desirability of more universal access, and overviews the macroeconomic, legal, and regulatory obstacles to access using general evidence and case studies. Although access to finance can be very beneficial, the data show that universal use is far from prevalent in many countries, especially developing countries. At the same time, universal access has generally not been a public policy objective and is surely not easily achievable in most countries.
Author: International Monetary Fund. Monetary and Capital Markets Department Publisher: International Monetary Fund ISBN: 1484387643 Category : Business & Economics Languages : en Pages : 96
Book Description
Since the Brazil 2012 FSAP, the financial system has been stable despite the deep recession. The resiliency of the banking system was supported by high profitability, buoyed by large interest margins. While the financial system has grown since the 2012 FSAP, its structure remains largely unchanged. The system is dominated by large, vertically-integrated financial conglomerates and concentrated in liquid short-term instruments. The public sector continues to play a dominant role in the financial sector, and its interconnectedness. Banks are broadly resilient to severe macrofinancial shocks. Current high profits and capital ratios support the resiliency of banks under a severe stress test scenario. Under the stress scenario, small capital shortfalls result; banks would nevertheless experience reduced income, including from market loss on government bonds, and high credit losses on exposures to the corporate sector which, despite recent improvement, is still vulnerable to shocks. This benign outcome deteriorates if their capital is adjusted for deferred tax assets. Moreover, some banks are exposed to concentration risk. Some actions are still needed to address bank-specific risk profiles to boost their resilience. Banks are generally well-positioned to manage short-term and medium-term liquidity pressures and interbank contagion seems limited.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1475530730 Category : Business & Economics Languages : en Pages : 64
Book Description
The paper discusses the stability of Brazil's financial system, which is diversified and shows sustained economic progress. Fiscal and monetary policies have been aimed to improve bank reserves, and foreign exchange intervention has been streamlined to curb volatility in the exchange market. These measures have been effective in achieving the immediate targets, maintaining macroeconomic stability, and ensuring adequate financial sector buffers. However, there are indications of emerging strains in some sectors and asset classes.
Author: Anjali Kumar
Author: Anjali Kumar
Author: Anjali Kumar
Author: Weltbank
Author: 
Author: Anjali Kumar
Author: Anjali Kumar
Author: Asli Demirguc-Kunt
Author: Stijn Claessens
Author: International Monetary Fund. Monetary and Capital Markets Department
Author: International Monetary Fund