TY  - BOOK
AU  - Dabla-Norris,Era
AU  - Ji,Yan
AU  - Townsend,Robert
AU  - Unsal,D.Filiz
TI  - Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality
T2  - IMF Working Papers
SN  - 9781475585919
AV  - HG186.S6 .D384 2015 
U1  - 336.46 
PY  - 2015///
CY  - Washington
PB  - International Monetary Fund
KW  - Financial services industry
KW  - Developing countries
KW  - Econometric models
KW  - Income distribution
KW  - Gross domestic product
KW  - Computable general equilibrium models
KW  - Modèles d'équilibre général calculable
KW  - BUSINESS & ECONOMICS
KW  - Public Finance
KW  - bisacsh
KW  - fast
KW  - Economic policy
KW  - Electronic books
N1  - Cover; Contents; 1. Introduction; 2. Literature Review; 3. The Model; 3.1 Individuals; 3.1.1 Savings Regime; 3.1.2 Credit Regime; 3.1.3 Occupational Choice; FIGURES; 1. Lending Interest Rate, Monitoring Frequency, Cost of Capital, and Leverage Ratio; 2. The Occupation Choice Map in the Two Regimes; 3.2 Competitive Equilibrium; 4. Data and Calibration; TABLES; 1. Overview of the Data; 2. Data, Model and Calibrated Parameters; 5. Evaluation of Policy Options; 5.1 Reducing the Participation Cost; 5.2 Relaxing Collateral Constraints; 3. Comparative Statics: Credit Participation Cost-Low-Income Countries4. Comparative Statics: Credit Participation Cost-Emerging Market Countries; 5.3 Increasing Intermediation Efficiency; 5. Comparative Statics: Collateral Constraint-Low-Income Countries; 6. Comparative Statics: Collateral Constraint-Emerging Market Countries; 5.4 Interactions Among Three Financial Parameters; 7. Comparative Statics: Intermediation Cost-Low-Income Countries; 8. Comparative Statics: Intermediation Cost-Emerging Market Countries; 9. The Increase in Relative GDP per Capita When the Borrowing Constraint is Relaxed by 20% for Different Financial Participation Costs and Intermediation Costs5.5 Impact on GDP and Inequality: A Numerical Comparison; 5.6 Welfare Analysis; 3. The Impact of Financial Deepening of Various Forms of GDP per Capita, TFP and Income Inequality; 4. The Impact of Financial Deepening of Various Forms of GDP per Capita, TFP and Income Inequality; 10. The Impact of Financial Deepening on Welfare Redistribution; 6. Conclusion; REFERENCE
N2  - We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinentconstraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of theseconstraints separately, and in combination, on GDP and inequality. We focus on three dimensions of financialinclusion: access (determined by the size of participation costs), depth (determined by the size of collateralconstraints resulting from limited commitment), and intermediation efficiency (determined by the size ofinterest rate spreads and default possibilities due to costly monitorin
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