World Bank2012-06-012012-06-012008978-0-8213-7291-3https://hdl.handle.net/10986/6905This book, finance for all, presents first efforts at developing indicators illustrating that financial access is quite limited around the world and identifies barriers that may be preventing small firms and poor households from using financial services. Based on this research, the report derives principles for effective government policy on broadening access. The report's conclusions confirm some traditional views and challenge others. For example, recent research provides additional evidence to support the widely-held belief that financial development promotes growth and illustrates the role of access in this process. Improved access to finance creates an environment conducive to new firm entry, innovation, and growth. However, research also shows that small firms benefit the most from financial development and greater access-both in terms of entry and seeing their growth constraints relaxed. Hence, inclusive financial systems also have consequences for the composition and competition in the enterprise sector. This report reviews and synthesizes a large body of research, and provides the basis for sound policy advice in the area of financial access. The findings in this report also underline the importance of investing in data collection: continued work on measuring and evaluating the impact of access requires detailed micro data both at the household and enterprise level.en-USCC BY 3.0 IGOABUSIVE LENDINGACCESS BARRIERSACCESS INDICATORSACCESS TO CREDITACCESS TO EXTERNAL FINANCEACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCESS TO SERVICESACCOUNT HOLDERSADVANCED ECONOMIESAFFORDABILITYALLOCATION OF FUNDSATM PENETRATIONBANK ACCOUNTBANK ACCOUNTSBANK BRANCHBANK CHARGESBANK FAILURESBANK LENDINGBANKING CRISESBANKING SYSTEMBANKING SYSTEMSBANKRUPTCYBANKSBENEFITS OF ACCESSBORROWERBORROWINGBROAD ACCESSBUSINESS OPPORTUNITIESCAPITAL ACCUMULATIONCAPITAL MARKETCAPITAL MARKETSCHECKING ACCOUNTCHECKING ACCOUNTSCOLLATERALCOLLATERAL REQUIREMENTSCONSUMER PROTECTIONCORRUPTIONCREDIT ASSOCIATIONSCREDIT CONSTRAINTSCREDIT GUARANTEECREDIT GUARANTEESCREDIT HISTORIESCREDIT INFORMATIONCREDIT MARKETSCREDIT POLICIESCREDIT RATIONINGCREDIT REGISTRIESCREDIT SCHEMECREDIT SCORINGCREDITORCREDITORSCREDITWORTHINESSDEBTDEMAND FOR CREDITDEPOSITDEPOSIT ACCOUNTSDEPOSITORSDEPOSITSDEVELOPMENT FINANCEDEVELOPMENT FINANCE INSTITUTIONDISCRIMINATIONEARNINGSECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC OPPORTUNITIESEMPLOYMENT OPPORTUNITIESENDOWMENTSENTERPRISE GROWTHENTREPRENEURSEQUALITY OF OPPORTUNITYEQUITY INVESTMENTSEXCLUSIONEXTERNAL FINANCEEXTERNAL FINANCINGEXTERNAL FUNDSFINANCE COSTFINANCIAL ACCESSFINANCIAL ASSETSFINANCIAL DEPTHFINANCIAL DEVELOPMENTFINANCIAL EXCLUSIONFINANCIAL INFRASTRUCTUREFINANCIAL INFRASTRUCTURESFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL LITERACYFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL PRODUCTSFINANCIAL SECTOR DEVELOPMENTFINANCIAL SECTOR POLICIESFINANCIAL SECTOR POLICYFINANCIAL SECTOR REFORMFINANCIAL SECTOR REFORMSFINANCIAL SELF-SUFFICIENCYFINANCIAL SERVICEFINANCIAL SERVICE PROVIDERSFINANCIAL SERVICESFINANCIAL SERVICES INDUSTRYFINANCIAL SUPPORTFINANCIAL SYSTEMFINANCIAL SYSTEMSFINANCIAL TECHNOLOGYFINANCING OBSTACLESFOREIGN CURRENCYFOREIGN DIRECT INVESTMENTFORMAL ECONOMYFORMAL FINANCIAL SECTORFORMAL FINANCIAL SERVICESGENDERGOVERNMENT FINANCIAL INSTITUTIONSGOVERNMENT INTERVENTIONGOVERNMENT INTERVENTIONSGOVERNMENT POLICIESGOVERNMENT POLICYGREATER ACCESSGROUP LENDINGGROWTH OPPORTUNITIESGUARANTEE SCHEMESHIDDEN SUBSIDIESHIGH INTEREST RATESHOUSEHOLD ACCESSHOUSEHOLD WELFAREHOUSEHOLDSINDICATORS OF ACCESSINEQUALITIESINEQUALITYINFORMAL ECONOMIC ACTIVITYINFORMAL FINANCEINFORMATION ASYMMETRIESINFORMATION INFRASTRUCTUREINFORMATION INFRASTRUCTURESINFORMATION SHARINGINSTITUTIONAL REFORMINSTITUTIONAL REFORMSINTEREST RATEINTEREST RATESINTERNATIONAL BANKINVESTMENT OPPORTUNITIESLABOR MARKETLABOR MARKETSLACK OF ACCESSLACK OF AWARENESSLACK OF FINANCELENDERLENDERSLIMITED ACCESSLOANLOAN APPLICATIONLOAN APPLICATIONSLOAN OFFICERSLOAN PORTFOLIOLOAN SIZESMAINSTREAM BANKSMARKET ECONOMYMFIMFISMICROCREDITMICROFINANCEMICROFINANCE INSTITUTIONMICROFINANCE INSTITUTIONSMORAL HAZARDOPEN FINANCIAL MARKETSOUTREACHOUTSTANDING LOANSOVERDRAFTPARTIAL CREDITPAYMENTS SERVICESPERSONAL ASSETSPERSONAL BANKRUPTCYPHYSICAL CAPITALPOOR CLIENTSPREJUDICEPRIVATE CREDITPRIVATE EQUITYPRIVATIZATIONPROFITABILITYPROPERTY RIGHTSPROVISION OF CREDITPROVISION OF FINANCEPUBLIC FUNDSPUBLIC POLICYPUBLIC-PRIVATE PARTNERSHIPSRATES OF INTERESTRECEIPTSREMITTANCEREPAYMENTREPAYMENT RATESRISK MANAGEMENTRISK MITIGATIONSAVINGSSAVINGS PRODUCTSSAVINGS SERVICESSECURITIESSELF-EXCLUSIONSELF-FINANCINGSMALL BORROWERSSMALL BUSINESSSMALL BUSINESS ADMINISTRATIONSMALL ENTERPRISESSMALL LOANSSOCIAL JUSTICESOCIAL NETWORKSTART-UPSSTOCK MARKETSUBSIDY COSTTRANSACTION COSTSTRANSACTIONS COSTSVILLAGESWorld Bank10.1596/978-0-8213-7291-3