Loading...
The links between financial inclusion and financial stability: A study of BRICS
Publication Date
2019
End of Embargo
Supervisor
Rights
Peer-Reviewed
yes
Open Access status
Accepted for publication
Institution
Department
Awarded
Embargo end date
2020-04-18
Collections
Additional title
Abstract
In recent years financial inclusion has become an important policy goal in the developing countries. The definition of financial inclusion is however, not clear and varies from ‘banking the unbanked’ to ‘branchless banking’. It is also increasingly viewed as a tool of poverty alleviation. Further, it enables the poor to be risk averse and allows investment in their health and education (Arora 2012). Financial inclusion has become all the more important as studies have shown that poor, despite their low incomes and small amount of funds available, actively manage and diversify their portfolios into different financial products even though outside the formal financial system (Collins et al. 2009).
Version
Accepted Manuscript
Citation
Arora RU (2018) The links between financial inclusion and financial stability: A study of BRICS. In: Anand P, Comim F, Fennell S and Weiss J. (Eds) The Oxford Handbook of BRICS and Emerging Economies. New York: Oxford University Press. Released 18th April 2019.
Link to publisher’s version
Link to published version
Link to Version of Record
Type
Book chapter