Cull, RobertAslı Demirgüç-KuntLyman, Timothy2012-08-132012-08-132012-05https://hdl.handle.net/10986/9443A growing body of research suggests that whether broad-based access to formal financial services promotes financial stability depends on how that access is managed within the regulatory and supervisory framework, especially in terms of financial integrity and consumer protection. Four factors come into play: financial inclusion, financial consumer protection, financial integrity, and financial stability. These factors are inter-related and, under the right conditions, positively related. Yet failings on one dimension are likely to lead to problems on others. This brief explores what research to date shows about the linkages and potential beneficial relationships among these factors, and it identifies gaps that remain to be explored. There is limited empirical work exploring the specific linkages between financial inclusion and financial stability. Studies have focused largely on the impact of financial development on growth, income inequality, and poverty reduction. The evidence strongly indicates that, when effectively regulated and supervised, financial development spurs economic growth, reduces income inequality, and helps lift households out of poverty.CC BY 3.0 IGOACCESS TO CREDITACCESS TO FINANCEADVERSE EFFECTSALLOCATION OF CAPITALANTI-MONEY LAUNDERINGBAD BANKSBANK BRANCHBANK POLICYBANKING SUPERVISIONBANKING SYSTEMBANKSBARRIERCAPITALIZATIONCOLLEGE DEGREECOMMERCIAL BANKINGCONSUMER PROTECTIONCORRUPTIONCOUNTRY LEVELDEBTDEREGULATIONDEVELOPING COUNTRIESDEVELOPMENT BANKDEVELOPMENT ECONOMICSDEVELOPMENT POLICYDIVERSIFICATIONDOMESTIC SAVINGSECONOMIC GROWTHECONOMIC IMPACTECONOMICSEDUCATIONAL ATTAINMENTEMERGING MARKETSEMPIRICAL STUDIESEMPIRICAL WORKENTREPRENEURSHIPFINANCIAL ACCESSFINANCIAL ASSETSFINANCIAL CONSTRAINTSFINANCIAL CRISISFINANCIAL DEPTHFINANCIAL DEVELOPMENTFINANCIAL EXCLUSIONFINANCIAL INFRASTRUCTUREFINANCIAL INTERMEDIATIONFINANCIAL LIBERALIZATIONFINANCIAL LITERACYFINANCIAL MANAGEMENTFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL SECTOR POLICIESFINANCIAL SECTOR REGULATIONFINANCIAL SECTORSFINANCIAL STABILITYFINANCIAL SYSTEMFINANCIAL SYSTEM STABILITYFINANCIAL SYSTEMSFINANCIAL TOOLSFINANCING OBSTACLESFIRM GROWTHFORMAL FINANCIAL SERVICESGINI COEFFICIENTGLOBAL STANDARDGROWTH RATESHOUSEHOLDSINCOMEINCOME DIFFERENTIALSINCOME DISTRIBUTIONINCOME INEQUALITYINCOME SHAREINCOMESINEQUALITYINFORMAL SAVINGSINSURANCEINVESTMENT OPPORTUNITIESLABOR MARKETSLACK OF KNOWLEDGELEGAL CONSTRAINTSLONG RUNMANDATESMARKET STABILITYMICROFINANCEOPPORTUNITY COSTSPOLICY ISSUESPOLICY MAKERSPOLICY RESEARCHPOLITICAL STABILITYPORTFOLIOSPOVERTY ALLEVIATIONPOVERTY LINEPOVERTY REDUCTIONPRIVATE SECTOR DEVELOPMENTPRO-POORREGULATORSRELATIVE WAGERESERVERESERVE BANKRESERVE BANK OF INDIARURAL BANKSSAVINGSSAVINGS PRODUCTSSMALL BUSINESSSMALL LOANSSMALL SAVERSSOCIAL BANKINGSTABLE ECONOMYSTABLE SOCIETYSUPERVISORY FRAMEWORKSYSTEMIC RISKUNDERDEVELOPED FINANCIAL SYSTEMSUNSECURED DEBTWAGE RATESWHITE PAPERWorld Bank10.1596/9443