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2016 | nr 2(6) | 68--89
Tytuł artykułu

Financial Inclusion, Growth and Inequality: A Model Application to Colombia

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Financial inclusion has been one of the key pillars of Colombia's development strategy for a number of years. Financial inclusion policies have aimed at channeling microcredit to poor, spreading formal banking system usage, fostering electronic payment acceptance, and making financial services more affordable. Using simulations from a general equilibrium model it is possible to identify the most binding financial sector frictions that preclude financial inclusion of enterprises, and study the effects on growth and inequality of efforts to remove these frictions. The study finds that lowering contraints on collateral promises higher growth while inequality is better tackled through measures that lower the financial participation cost. (original abstract)
Rocznik
Numer
Strony
68--89
Opis fizyczny
Twórcy
  • International Monetary Fund
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171441192

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