Click here for search results
Household financial assets in the process of development
 
Author:Honohan, Patrick ; Collection Title:Policy, Research working paper ; no. WPS 3965
Country:World; Date Stored:2006/07/11
Document Date:2006/07/01Document Type:Policy Research Working Paper
SubTopics:Economic Theory & Research; Banks & Banking Reform; Settlement of Investment Disputes; Investment and Investment Climate; Financial IntermediationLanguage:English
Region:The World RegionReport Number:WPS3965
Volume No:1 of 1  

Summary: Systematic information on household financial asset holdings in developing countries is very sparse. The author reviews some available data and current policy debates. Although financial asset holdings by households are highly concentrated, deeper financial systems are correlated with improved income distribution. For low-income countries, the relevant question for poor households is not how much financial assets they have, but whether they have any access to financial products at all. Building on and synthesizing disparate data collection efforts by others, the author produces new estimates of access percentages for over 150 countries. Across countries access is negatively correlated with poverty rates, but the correlation is not a robust one: thus the supposed anti-poverty potential of financial access remains econometrically elusive. Despite policy focus on the value of credit instruments, it is deposit products that tend to be the first to be used as prosperity increases, before more sophisticated savings products and borrowing.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 50 pagesOfficial version*0.36
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.



Permanent URL for this page: http://go.worldbank.org/6LOQEEBOB0