Publication: Electronic Finance : A New Approach to Financial Sector Development ?
Date
2002-03
ISSN
Published
2002-03
Author(s)
Claessens, Stijn
Glaessner, Thomas
Klingebiel, Daniela
Abstract
In recent years, electronic finance,
especially online banking, and brokerage services, has
reshaped the financial landscape. This paper reviews these
developments, and analyzes their implications for consumers,
governments, and financial service providers. First, it
reviews the e-finance (r)evolution in emerging, and other
markets, and projects its future growth. It then analyzes
e-finance impact on the structure of, and competition in the
financial services industry. After that, it assesses how
e-finance, and globalization more generally, affects
financial sector policies in emerging markets, including the
need for changes in the approach to financial sector
development. The paper then examines governments'
changing role in the financial sector, and identifies
opportunities that e-finance offers countries to leapfrog.
Finally, the paper includes for policymakers, and others
involved in financial sector reform in emerging markets,
detailed information, and Web links on public policy
activities related to e-finance.
Citation
“Claessens, Stijn; Glaessner, Thomas; Klingebiel, Daniela. 2002. Electronic Finance : A New Approach to Financial Sector Development ?. World Bank Discussion Paper;No. 431. © Washington, DC: World Bank. http://openknowledge.worldbank.org/entities/publication/2b62d1ea-7706-5ecd-9906-701e97040120 License: CC BY 3.0 IGO.”
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