CENTRAL BANKS AND FINANCIAL INCLUSION

Peter Morgan

Asia-Pacific Sustainable Development Journal, 2022, vol. 29, issue 1, 67-101

Abstract: Central banks can address barriers to financial inclusion in multiple ways, including regulations regarding banks and non-bank institutions, identity and know-your-client (KYC) rules, support for innovative financial products, and support for innovative financial technology (fintech). At the same time, central banks must weigh the trade-offs between financial inclusion, financial innovation and financial stability. The present paper contains a survey the policies of central banks and other financial regulators in a number of emerging Asian economies to promote financial inclusion. It serves to identify successful experiences and important lessons, and it provides a review of policies central banks adopted during the COVID-19 pandemic.

Keywords: financial inclusion; central banks; financial regulation; payments systems; small and medium-sized enterprises; financial education; fintech (search for similar items in EconPapers)
JEL-codes: G21 G28 I22 O16 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:unt:japsdj:v:29:y:2022:i:1:p:67-101

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