Electronic Finance: A New Approach to Financial Sector Development ?

Stijn Claessens (), Thomas Glaessner and Daniela Klingebiel

No 14075 in World Bank Publications - Books from The World Bank Group

Abstract: In recent years, electronic finance, especially online banking, and brokerage services, has reshaped the financial landscape. This paper reviews these developments, and analyzes their implications for consumers, governments, and financial service providers. First, it reviews the e-finance (r)evolution in emerging, and other markets, and projects its future growth. It then analyzes e-finance impact on the structure of, and competition in the financial services industry. After that, it assesses how e-finance, and globalization more generally, affects financial sector policies in emerging markets, including the need for changes in the approach to financial sector development. The paper then examines governments' changing role in the financial sector, and identifies opportunities that e-finance offers countries to leapfrog. Finally, the paper includes for policymakers, and others involved in financial sector reform in emerging markets, detailed information, and Web links on public policy activities related to e-finance.

Keywords: Macroeconomics; and; Economic; Growth-Knowledge; Economy; Banks; and; Banking; Reform; Finance; and; Financial; Sector; Development-Financial; Intermediation; Education-Education; for; the; Knowledge; Economy; Health; Economics; and; Finance (search for similar items in EconPapers)
Date: 2002-03
ISBN: 0-8213-5104-4
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://openknowledge.worldbank.org/bitstreams/c26 ... f6b4a405172/download (application/pdf)

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:wbk:wbpubs:14075

Access Statistics for this book

More books in World Bank Publications - Books from The World Bank Group 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Tal Ayalon ().