Financial Resilience: A Way Forward Towards Economic Development in Developing Countries

Fanny Salignac (), Julien Hanoteau and Ioana Ramia ()
Additional contact information
Fanny Salignac: Kedge BS - Kedge Business School
Ioana Ramia: UNSW - University of New South Wales [Sydney]

Post-Print from HAL

Abstract: Financial inclusion is a policy priority in both developed and developing countries. Yet almost one in four people remain financially excluded around the globe, with the vast majority living in the developing world. In this paper, we argue that financial resilience: an individual's ability to function effectively in adverse financial situations, can better help us assist people to cope with financial adversity, develop effective policy and, ultimately, improve economic development. This paper builds on an existing financial resilience measurement framework and adapts it to develop a measure appropriate to the context of developing countries. Indonesia, where one in three people are financially excluded, is used as a case country from which to draw conclusions. We use the Indonesia Family Life Survey and put forward the country's first snapshot of financial resilience. Implications for research and policy are presented.

Keywords: Financial inclusion; Financial resilience; Economic development; Poverty; Indonesia (search for similar items in EconPapers)
Date: 2022-02
New Economics Papers: this item is included in nep-fle and nep-sea
Note: View the original document on HAL open archive server: https://amu.hal.science/hal-03659031
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Published in Social Indicators Research, 2022, 160 (1), pp.1-33. ⟨10.1007/s11205-021-02793-6⟩

Downloads: (external link)
https://amu.hal.science/hal-03659031/document (application/pdf)

Related works:
Journal Article: Financial Resilience: A Way Forward Towards Economic Development in Developing Countries (2022)
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:hal:journl:hal-03659031

DOI: 10.1007/s11205-021-02793-6

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().