Financial Inclusion: An Overview of Its Various Dimensions and Its Assistance in Reducing Private Sector Insolvency

Christos V. Gortsos and Vasilis Panagiotidis
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Christos V. Gortsos: The Hellenic Bank Association
Vasilis Panagiotidis: The Hellenic Bank Association

Chapter 15 in Non-Performing Loans and Resolving Private Sector Insolvency, 2017, pp 363-393 from Palgrave Macmillan

Abstract: Abstract The chapter discusses financial inclusion, which is defined as the process of ensuring affordable, prompt and adequate access to a wide range of financial products and services, as well as proliferation of their use in all parts of society with a special focus on vulnerable groups, through the implementation of existing and innovative approaches, such as financial literacy programmes. It presents, on an introductory base, the typical indicators for the measurement of financial inclusion, causes of financial exclusion, the value inherent in financial inclusion and more precisely the interaction with monetary policy and financial stability, the correlation between financial literacy and financial inclusion, the need for coordinated efforts to extend financial inclusion on both a national level and an international level and the use of technological means as a solution against financial exclusion and implementation of innovative financial literacy programmes.

Keywords: Financial inclusion; Financial literacy; Financial stability; Access to financial products and services (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-319-50313-4_15

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DOI: 10.1007/978-3-319-50313-4_15

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