Innovative Experiences in Access to Finance: market Friendly Roles for the Visible Hand? PDF Download

Author: Sergio L. Schumukler
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 82

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Author: Augusto de la Torre
Publisher:
ISBN:
Category : Commercial credit
Languages : en
Pages : 275

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Book Description

Author: Augusto de la Torre
Publisher: World Bank Publications
ISBN: 0821376896
Category : Business & Economics
Languages : en
Pages : 484

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Book Description
Interest in access to finance and awareness of its importance have increased significantly since the early 2000s. Growing evidence suggests that lack of access to credit prevents many households and firms from financing high-return investment projects, which has an adverse effect on growth and poverty alleviation. Despite the increasing awareness of the importance of access to finance among both researchers and policymakers, there are still some major gaps in our understanding of the main drivers of access, as well as about the impact of different policies in this area. This book aims to fill some of these gaps by discussing recent innovative experiences in broadening access to credit in Latin America. These experiences are consistent with an emerging new view that, while recognizing the central role of the public sector in improving the contractual and informational environment for financial markets, also contends that there might be room for well-designed, restricted interventions in collaboration with the private sector to foster the development of financial markets and broaden access to them. In particular, the book analyzes, among other things, some interesting experiences from Brazil, Chile, Colombia, and Mexico that use different instruments to broaden access to credit in a sustainable way, such as structured finance, factoring, credit guarantees, and correspondent banking. Most of these experiences have led to financial innovation by developing new financial products and coordinating different players in the financial and real sectors to overcome barriers to access to credit. The book provides a first systematic analysis of these innovative experiences, including an analytical framework to understand problems of access to finance and a discussion of the effects and optimal design of public interventions. Finally, the book discusses some open policy questions about the role of the private and public sectors (including state†?owned banks) in broadening access to finance in a sustainable and market-friendly manner.

Author: Sergio L. Schumukler
Publisher: World Bank Publications
ISBN:
Category : Business enterprises
Languages : en
Pages : 82

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Book Description
Interest in access to finance has increased significantly in recent years, as growing evidence suggests that lack of access to credit prevents lower-income households and small firms from financing high return investment projects, having an adverse effect on growth and poverty alleviation. This study describes some recent innovative experiences to broaden access to credit. These experiences are consistent with an emerging new view that recognizes a limited role for the public sector in financial markets, but contends that there might be room for well-designed, restricted interventions in collaboration with the private sector to foster financial development and broaden access. The authors illustrate this view with several recent experiences in Latin America and then discuss some open policy questions about the role of the public and private sectors in driving these financial innovations.

Author: Raphael Zimmermann Robiatti
Publisher: Springer Nature
ISBN: 3658347287
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
This book features an in-depth comparative study of South American National Development Bank’s governance systems. It explores the relationship between bank governance and performance frameworks, both in terms of financial-economic indicators and development impact. It seeks to observe, analyze, and compare governance arrangements used by different development banks as tools to overcome the challenges associated with state-ownership while remaining financially sustainable and aligned with their policy mandates.

Author: Stijn Claessens
Publisher: World Bank Publications
ISBN:
Category : Financial services industry
Languages : en
Pages : 38

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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: Emilios Avgouleas
Publisher: Cambridge University Press
ISBN: 1107376580
Category : Law
Languages : en
Pages : 501

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Book Description
The recent financial crisis proved that pre-existing arrangements for the governance of global markets were flawed. With reform underway in the USA, the EU and elsewhere, Emilios Avgouleas explores some of the questions associated with building an effective governance system and analyses the evolution of existing structures. By critiquing the soft law structures dominating international financial regulation and examining the roles of financial innovation and the neo-liberal policies in the expansion of global financial markets, he offers a new epistemological reading of the causes of the global financial crisis. Requisite reforms leave serious gaps in cross-border supervision, in the resolution of global financial institutions and in the monitoring of risk originating in the shadow banking sector. To close these gaps and safeguard the stability of the international financial system, an evolutionary governance system is proposed that will also enhance the welfare role of global financial markets.

Author: Thorsten Beck
Publisher: World Bank Publications
ISBN:
Category : Bank
Languages : en
Pages : 58

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Book Description
Access to financial services, or rather the lack thereof, is often indiscriminately decried as a problem in many developing countries. The authors argue that the "problem of access" should rather be analyzed by identifying different demand and supply constraints. They use the concept of an access possibilities frontier, drawn for a given set of state variables, to distinguish between cases where a financial system settles below the constrained optimum, cases where this constrained optimum is too low, and-in credit services-cases where the observed outcome is excessively high. They distinguish between payment and savings services and fixed intermediation costs, on the one hand, and lending services and different sources of credit risk, on the other hand. The authors include both supply and demand side frictions that can lead to lower access. The analysis helps identify bankable and banked population, the binding constraint to close the gap between the two, and policies to prudently expand the bankable population. This new conceptual framework can inform the debate on adequate policies to expand access to financial services and can serve as the basis for an informed measurement of access.

Author: Wesley G. Pippert
Publisher: World Bank Publications
ISBN: 0801071151
Category : Religion
Languages : en
Pages : 82

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Book Description

Author: Louman, B.
Publisher: CIFOR
ISBN:
Category :
Languages : en
Pages :

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Book Description
This publication explores some of the barriers that hinder external finance from making greater contributions to the sustainability of landscapes in the global south. It provides insights into the potential of blended finance, green bonds and crowdfunding structures to contribute to bridging that gap. The document is meant for investors that are new to land-based investments in the global south and are particularly interested in achieving social and environmental impacts. It is also written for development organizations with little experience in leveraging private finance for local development and conservation and for future practitioners in this field. The authors identified several gaps in knowledge and experiences, and it is hoped that through this document the readers will be motivated to fill in those gaps in the near future, contributing to scaling up finance for sustainable and inclusive landscapes.