Decentralized finance in the developing world: the end of the financial inclusion gap?

Mariana Carmona and Paz Gomez

Chapter 17 in The Elgar Companion to Decentralized Finance, Digital Assets, and Blockchain Technologies, 2024, pp 327-344 from Edward Elgar Publishing

Abstract: As of 2021, 1.4 billion persons remain financially excluded. Paradoxically, in recent years, the financial industry has experienced deep digitization, allowing for faster, more secure, and cheaper financial products as well as new organizations, such as fintech and digital banks capable of providing financial services to millions. Additionally, the surge of cryptocurrencies supported by decentralized ledger technologies gave way to a new financial paradigm, namely decentralized finance, with powerful characteristics to leapfrog the unbanked and insert them into open financial systems. This research adds to the study of decentralized finance as a gateway for financial inclusion in the developing world providing a comparative analysis of historic cases in which financial innovations had different results depending on institutional and socioeconomic considerations that shape behavior and influence the impact of financial inclusion.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035307760.00022 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:22115_17

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().