Financial Services, Innovation, and Inclusiveness in Singapore

Shandre Mugan Thangavelu and Chea Serey
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Shandre Mugan Thangavelu: Jeffrey Cheah Institute for Southeast Asia, Sunway University
Chea Serey: National Bank of Cambodia

A chapter in Services Global Supply Chains in ASEAN and East Asia, 2024, pp 189-203 from Springer

Abstract: Abstract This paper examines the financial sector development in terms of technological change and financial inclusion in Singapore. The paper examines the impact of financial innovation on saving and borrowing behavior in Singapore accounting for age, education, and gender using individual-level data from 2017 Global Findex data. We use the discrete-choice econometric is used to investigate the determinants of financial inclusion in Singapore. The paper also provides an overview of financial development and inclusion in ASEAN.

Keywords: Financial innovation; Financial inclusion; G20; O16 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-2811-4_9

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DOI: 10.1007/978-981-97-2811-4_9

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