Publication:
Innovative Experiences in Access to Finance : Market Friendly Roles for the Visible Hand?

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dc.contributor.authorGozzi, Juan Carlos
dc.contributor.authorde la Torre, Augusto
dc.contributor.authorSchmukler, Sergio L.
dc.date.accessioned2012-06-06T18:53:56Z
dc.date.available2012-06-06T18:53:56Z
dc.date.issued2007-08
dc.description.abstractInterest 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/08/8115877/innovative-experiences-access-finance-market-friendly-roles-visible-hand
dc.identifier.doi10.1596/1813-9450-4326
dc.identifier.urihttps://hdl.handle.net/10986/7303
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper No. 4326
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectACTIVE MARKET
dc.subjectAGENCY PROBLEMS
dc.subjectAGRICULTURAL COOPERATIVES
dc.subjectAGRICULTURAL CREDIT
dc.subjectALLOCATION OF CREDIT
dc.subjectASYMMETRIC INFORMATION
dc.subjectBANK BRANCHES
dc.subjectBANK DEPOSITS
dc.subjectBANK LENDING
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR ASSETS
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY LAWS
dc.subjectBENEFICIARIES
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCHECKING ACCOUNT
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL LAWS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPETITIVE FINANCIAL MARKETS
dc.subjectCOMPETITIVE MARKETS
dc.subjectCONSUMER CREDIT
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCREDIT ASSESSMENT
dc.subjectCREDIT GUARANTEE
dc.subjectCREDIT HISTORY
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT INFORMATION SYSTEMS
dc.subjectCREDIT MARKETS
dc.subjectCREDIT OUTSTANDING
dc.subjectCREDIT PROGRAMS
dc.subjectCREDIT REPORTING
dc.subjectCREDIT RISK
dc.subjectCREDIT SCORING
dc.subjectCREDITOR
dc.subjectCREDITOR RIGHTS
dc.subjectCREDITORS
dc.subjectCREDITWORTHY BORROWERS
dc.subjectCUSTODY
dc.subjectCUSTODY ARRANGEMENTS
dc.subjectDEBT
dc.subjectDEBT CRISIS
dc.subjectDEBTOR
dc.subjectDEBTS
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEREGULATION OF INTEREST
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT OF CREDIT BUREAUS
dc.subjectDIRECTED CREDIT
dc.subjectDISCLOSURE OF INFORMATION
dc.subjectDOMESTIC FINANCIAL MARKETS
dc.subjectDOMESTIC SECURITIES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EFFICIENCY
dc.subjectEFFICIENT MARKET
dc.subjectELECTRONIC MARKET
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectENABLING ENVIRONMENT
dc.subjectENFORCEABILITY
dc.subjectEXCHANGE COMMISSIONS
dc.subjectEXPENDITURES
dc.subjectEXTERNAL FINANCE
dc.subjectEXTERNAL INVESTORS
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL LIBERALIZATIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFISCAL DEFICITS
dc.subjectFIXED ASSETS
dc.subjectFLOW OF CREDIT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTMENT
dc.subjectGOVERNMENT BANK
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGOVERNMENT INVOLVEMENT
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT REGULATION
dc.subjectGOVERNMENT SUPPORT
dc.subjectGROUPS OF BORROWERS
dc.subjectHOUSING FINANCE
dc.subjectINCENTIVES FOR REPAYMENT
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINCOME TAX
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE PRODUCTS
dc.subjectINTEREST RATE
dc.subjectINTERMEDIATION SPREADS
dc.subjectINTERNAL RATE OF RETURN
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTOR PROTECTION
dc.subjectINVESTOR PROTECTION LAWS
dc.subjectLEGAL SYSTEMS
dc.subjectLEGAL TRADITIONS
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLENDING REQUIREMENTS
dc.subjectLEVEL OF INTEREST RATES
dc.subjectLOAN
dc.subjectLOAN GUARANTEES
dc.subjectLOAN PORTFOLIOS
dc.subjectLONG-TERM FINANCE
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMACROECONOMIC VOLATILITY
dc.subjectMARKET DEPTH
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET FAILURE
dc.subjectMARKET FAILURES
dc.subjectMARKET INFRASTRUCTURE
dc.subjectMARKET INFRASTRUCTURES
dc.subjectMARKET INTEREST RATES
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET STRUCTURE
dc.subjectMICROFINANCE
dc.subjectMINORITY SHAREHOLDERS
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY POLICIES
dc.subjectMONEY SUPPLY
dc.subjectMORAL HAZARD
dc.subjectMUTUAL FUNDS
dc.subjectNON-PERFORMING LOAN
dc.subjectOPPORTUNITY COST
dc.subjectPAYMENT HISTORY
dc.subjectPAYMENT SERVICES
dc.subjectPENSIONS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOST OFFICE
dc.subjectPRINCIPAL-AGENT PROBLEMS
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE CREDIT BUREAUS
dc.subjectPRIVATE CREDITORS
dc.subjectPRIVATE FINANCIAL INSTITUTIONS
dc.subjectPRIVATE FINANCIAL INTERMEDIARIES
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE PARTIES
dc.subjectPROPERTY RIGHTS
dc.subjectPROVISION OF CREDIT
dc.subjectPRUDENTIAL REGULATION
dc.subjectPUBLIC BANK
dc.subjectPUBLIC BANKS
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectRELIANCE ON COLLATERAL
dc.subjectREPOSSESSION
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRIGHTS OF CREDITORS
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectRISK OF LOAN
dc.subjectRISK PREMIUMS
dc.subjectRISK SHARING
dc.subjectRURAL CREDIT
dc.subjectSAVINGS ACCOUNT
dc.subjectSECURITIES
dc.subjectSECURITIES MARKET
dc.subjectSECURITIES MARKET DEVELOPMENT
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSMALL BORROWERS
dc.subjectTAX SYSTEM
dc.subjectTAX SYSTEMS
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSACTION COST
dc.subjectTRANSACTION COSTS
dc.subjectTRANSACTIONS COSTS
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.titleInnovative Experiences in Access to Finance : Market Friendly Roles for the Visible Hand?en
dspace.entity.typePublication
okr.crossref.titleInnovative Experiences In Access To Finance : Market Friendly Roles For The Visible Hand ?
okr.date.doiregistration2025-04-10T10:27:29.773027Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/08/8115877/innovative-experiences-access-finance-market-friendly-roles-visible-hand
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid861901468269684103
okr.identifier.doi10.1596/1813-9450-4326
okr.identifier.externaldocumentum000158349_20070817134420
okr.identifier.internaldocumentum8115877
okr.identifier.reportWPS4326
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/08/17/000158349_20070817134420/Rendered/PDF/wps4326.pdfen
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication35317b87-0569-5cde-bb5e-db1a425e6889
relation.isAuthorOfPublicationad1ad457-a974-53de-815c-c7010e0fdd74
relation.isAuthorOfPublication.latestForDiscovery35317b87-0569-5cde-bb5e-db1a425e6889
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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