Book

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

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collection.link.59
https://openknowledge.worldbank.org/handle/10986/2167
collection.name.59
Latin American Development Forum
dc.contributor.author
de la Torre, Augusto
dc.contributor.author
Gozzi, Juan Carlos
dc.contributor.author
Schmukler, Sergio L.
dc.date.accessioned
2017-07-05T21:46:17Z
dc.date.available
2017-07-05T21:46:17Z
dc.date.issued
2017-07-05
dc.date.lastModified
2021-04-23T14:04:44Z
dc.description.abstract
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.
en
dc.identifier.isbn
978-0-8213-7080-3
dc.identifier.uri
http://hdl.handle.net/10986/27529
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
Latin American Development Forum;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
PUBLIC BANKS
dc.subject
PUBLIC SECTOR INTERVENTIONS
dc.subject
CREDIT GUARANTEES
dc.subject
ACCESS TO CREDIT
dc.subject
STRUCTURED FINANCE
dc.subject
CORRESPONDENT BANKING
dc.subject
SME FINANCE
dc.subject
FACTORING
dc.subject
NEW FINANCIAL PRODUCTS
dc.subject
ACCESS TO FINANCE
dc.title
Innovative Experiences in Access to Finance
en
dc.title.subtitle
Market-Friendly Roles for the Visible Hand?
en
dc.type
Book
en
okr.crossref.title
Innovative Experiences in Access to Finance: Market-Friendly Roles for the Visible Hand?
okr.date.disclosure
2017-07-05
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-7080-3
okr.identifier.internaldocumentum
17080
okr.identifier.report
117873
okr.imported
true
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.region.administrative
Latin America & Caribbean
okr.region.geographical
Caribbean
okr.region.geographical
Central America
okr.region.geographical
Latin America
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Banks & Banking Reform
okr.topic
Finance and Financial Sector Development :: Finance and Development
okr.topic
Finance and Financial Sector Development :: Insurance & Risk Mitigation
okr.topic
Finance and Financial Sector Development :: Microfinance
okr.topic
Macroeconomics and Economic Growth :: Financial Economics
okr.topic
Private Sector Development :: Small and Medium Size Enterprises
okr.unit
LCRCE

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