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Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality.

We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinentconstraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of theseconstraints separately, and in combination, on GDP and inequality. We focus on three dimensio...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Dabla-Norris, Era
Otros Autores: Ji, Yan, Townsend, Robert, Unsal, D. Filiz
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2015.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo
Descripción
Sumario:We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinentconstraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of theseconstraints separately, and in combination, on GDP and inequality. We focus on three dimensions of financialinclusion: access (determined by the size of participation costs), depth (determined by the size of collateralconstraints resulting from limited commitment), and intermediation efficiency (determined by the size ofinterest rate spreads and default possibilities due to costly monitorin.
Descripción Física:1 online resource (50 pages)
ISBN:9781475585919
1475585918