Why Isn't There More Financial Intermediation in Developing Countries?

Jonathan Conning and Michael Kevane

No DP2002-28, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper proposes to organize thinking about the opportunities for improving and extending financial markets and safety nets for the poor, by focusing on factors that may explain why the linkage of local financial networks and safety nets with the larger economy often fails or is incomplete. Understanding the nature of these impediments is the first step in proposing policies to help promote more effective linkage and intermediation.

Keywords: Financial institutions; Institutional economics; Insurance; Microfinance; Public welfare (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (3)

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Working Paper: Why isn't there more Financial Intermediation in Developing Countries? (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2002-28

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