Institutionalist Policies for Financial Inclusion

Figart, Deborah M.

doi:10.2753/jei0021-3624470404

Cited by 22 publications

(27 citation statements)

References 14 publications

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“…Studies have systematically shown that low levels of household income and financial resources are correlated with financial exclusion (see Carbo et al , 2007; Collard, 2007; Buckland and Dong, 2008; Devlin, 2009; Cnaan et al , 2012; Figart, 2013). For example, some individuals might intentionally go without a savings or transaction account because they believe they do not have sufficient savings to warrant one (Figart, 2013; Sinclair, 2013). Some might not apply for a credit product because they believe they cannot offer sufficient security and/or collateral to qualify for one (Cnaan et al , 2012).…”

Section: The Role Of the Individual: Social Exclusion And Financial Cmentioning

confidence: 99%

“…Some might not apply for a credit product because they believe they cannot offer sufficient security and/or collateral to qualify for one (Cnaan et al , 2012). While others might not apply for financial products because they think they do not have the financial resources to manage them (Fuller et al , 2006; Cnaan et al , 2012; Sinclair, 2013) or fear that their application will be rejected by mainstream financial institutions (Figart, 2013). Some individuals might also prefer to handle cash because it gives them a greater sense of control over their finances – cash offers immediate access to money and less uncertainty with processing transactions (Collard, 2007; Sinclair, 2013).…”

Section: The Role Of the Individual: Social Exclusion And Financial Cmentioning

confidence: 99%

“…Some individuals might also prefer to handle cash because it gives them a greater sense of control over their finances – cash offers immediate access to money and less uncertainty with processing transactions (Collard, 2007; Sinclair, 2013). Individuals can therefore voluntarily disengage from the financial market based on perceived financial capabilities and personal preferences – a process also referred to as self-exclusion (Beck and Demirgüç, 2008; Cnaan et al , 2012; Figart, 2013).…”

Section: The Role Of the Individual: Social Exclusion And Financial Cmentioning

confidence: 99%

See 2 more Smart Citations

Are you really Financially Excluded if you Choose not to be Included? Insights from Social Exclusion, Resilience and Ecological Systems

2015

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Around one in five people in developed countries are ‘financially excluded’. But how meaningful is this when the current definition does not differentiate between those who choose to be excluded and those who are forced to be? This conceptual paper draws on frameworks from social exclusion, resilience and ecological systems theory to critique the current definition of financial exclusion and to introduce an alternative concept. The paper argues that the emphasis of extant literature on an access-point approach has isolated the context surrounding financial exclusion and contributed to simplifying the phenomenon. It puts forward the need for a change in the way financial exclusion is conceptualised in developed countries to take broader contextual settings and a more holistic approach into account and it suggests that a shift to financial resilience may be a way forward.

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Section: The Role Of the Individual: Social Exclusion And Financial Cmentioning

confidence: 99%

Section: The Role Of the Individual: Social Exclusion And Financial Cmentioning

confidence: 99%

Section: The Role Of the Individual: Social Exclusion And Financial Cmentioning

confidence: 99%

See 1 more Smart Citation

Are you really Financially Excluded if you Choose not to be Included? Insights from Social Exclusion, Resilience and Ecological Systems

2015

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“…Financial education is considered essential to achieving and creating financial inclusion. It is conceived as a tool through which individuals develop the values, knowledge, and skills needed to make responsible financial decisions requiring the application of basic financial concepts and understanding (Arora, 2012;Duncombe, 2012;Figart, 2013;Horska et al, 2013;Lusardi & Mitchell, 2014). Additionally, financial education is closely related to financial exclusion.…”

Section: Resultsmentioning

confidence: 99%

Financial inclusion in Colombia: A scoping literature review

Thoene

Hoyos

2017

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Purpose: The paper provides an extensive, comprehensive and up-to-date qualitative scoping literature review of financial inclusion and other related concepts, and focuses in particular on the Colombian context, and the accessibility as well as barriers to banking services. It structures the themes and dimensions of scholarly debates on financial inclusion in the literature highlighting avenues for future research to fill various gaps. Design/methodology:This scoping literature review rigorously identifies the most relevant research and variables pertaining to financial inclusion and social innovation.Findings: Based on a scoping literature review, a comprehensive framework of key concepts of financial inclusion, scholarly contributions, countries and variables is presented. Research limitations/implications:Owing to the methodological approach of this paper and its rather theoretical nature, this research seeks to enrich scientific debates pertaining to the empirical data displayed, especially on the case of Colombia. Practical implications:The most central variables that are linked to the theme of financial inclusion are explored, and hence this paper forms a basis for future qualitative and quantitative studies. Social implications:This research article contributes to public policy making on financial inclusion aimed at reducing levels of socio-economic inequality.-582-Intangible Capital -https://doi.org/10.3926/ic.946 Originality/value: In business and management research a degree of conceptual confusion prevails on the theme of financial inclusion. This paper attempts to clarify different types of variables and one country specific case to provide more solid analytical tools for scholars and analysts.

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“…At the same time, financial inclusion should be integrated with economic transformation and upgrading, providing everyone with opportunities for sharing benefits of economic development and improving labor productivity [9]. In fact, the development of financial inclusion can also enhance an individual's financial capabilities [10]. Effective financial inclusion needs to encourage a diversity of institutions (public development banks, community banks, and cooperative banks) to serve the poor [11].…”

Section: Literature Reviewmentioning

confidence: 99%

Is the Development of China’s Financial Inclusion Sustainable? Evidence from a Perspective of Balance

2018

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Balance plays an important role in the sustainable development of China's financial inclusion. First, this paper reports the entropy weight method used to construct a financial inclusion index (FII) and measure the level of development of financial inclusion in China's regions. Second, the concept of the Gini coefficient of financial inclusion is proposed and the structural balance of China's financial inclusion is shown, as calculated by using this Gini coefficient. Third, we report the use of a dynamic shift-share model to further discuss the development balance of the financial inclusion of China's regions. The results show that there is an imbalance in the development of financial inclusion in China's regions. For 2006-2016, the Gini coefficient and the structural balance of China's financial inclusion show a significant downward trend. The gap of the financial inclusion development between regions is narrowing and the structure of China's financial inclusion tends to be reasonable. The penetration dimension is at a structural disadvantage. Availability and usage dimension are at a structural advantage, which can effectively promote the development of China's financial inclusion. In the future, the government should establish a more balanced financial inclusion development mechanism, making full use of structural advantages of the availability and usage of financial services to promote the sustainable development of China's financial inclusion.

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Institutionalist Policies for Financial Inclusion

Cited by 22 publications

References 14 publications

Are you really Financially Excluded if you Choose not to be Included? Insights from Social Exclusion, Resilience and Ecological Systems

Are you really Financially Excluded if you Choose not to be Included? Insights from Social Exclusion, Resilience and Ecological Systems

Financial inclusion in Colombia: A scoping literature review

Is the Development of China’s Financial Inclusion Sustainable? Evidence from a Perspective of Balance

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