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.accessioned2017-07-05T21:46:17Z
dc.date.available2017-07-05T21:46:17Z
dc.date.issued2017-07-05
dc.description.abstractInterest 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.en
dc.identifier.doi10.1596/978-0-8213-7080-3
dc.identifier.isbn978-0-8213-7080-3
dc.identifier.urihttps://hdl.handle.net/10986/27529
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesLatin American Development Forum;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPUBLIC BANKS
dc.subjectPUBLIC SECTOR INTERVENTIONS
dc.subjectCREDIT GUARANTEES
dc.subjectACCESS TO CREDIT
dc.subjectSTRUCTURED FINANCE
dc.subjectCORRESPONDENT BANKING
dc.subjectSME FINANCE
dc.subjectFACTORING
dc.subjectNEW FINANCIAL PRODUCTS
dc.subjectACCESS TO FINANCE
dc.titleInnovative Experiences in Access to Financeen
dc.title.subtitleMarket-Friendly Roles for the Visible Hand?en
dc.typeBooken
dc.typeLivrefr
dc.typeLibroes
dspace.entity.typePublication
okr.crossref.titleInnovative Experiences in Access to Finance: Market-Friendly Roles for the Visible Hand?
okr.date.disclosure2017-07-05
okr.date.doiregistration2025-04-15T12:04:15.826849Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Publication
okr.identifier.doi10.1596/978-0-8213-7080-3
okr.identifier.internaldocumentum17080
okr.identifier.report117873
okr.importedtrue
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalCaribbean
okr.region.geographicalCentral America
okr.region.geographicalLatin America
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicMacroeconomics and Economic Growth::Financial Economics
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.unitLCRCE
relation.isAuthorOfPublication35317b87-0569-5cde-bb5e-db1a425e6889
relation.isAuthorOfPublicationad1ad457-a974-53de-815c-c7010e0fdd74
relation.isAuthorOfPublication.latestForDiscovery35317b87-0569-5cde-bb5e-db1a425e6889
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