Why Worry about Financial Exclusion?

Paola Boel and Peter Zimmerman

Economic Commentary, 2022, vol. 2022, issue 09, 10

Abstract: Should policymakers aim to expand access to bank accounts? When financial exclusion is due to frictions that prevent banking from operating efficiently, intervention may be justified. Applying simple economic principles, we highlight possible frictions that may give rise to inefficient exclusion in the United States, and we assess their importance using insights from data and the academic and policy literature.

Keywords: Diversity (search for similar items in EconPapers)
Date: 2022
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DOI: 10.26509/frbc-ec-202209

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