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Household Financial Assets in the Process of Development

Patrick Honohan

No RP2006-91, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Systematic information on household financial asset holdings in developing countries is very sparse; we review some available data and current policy debates. Although financial asset holdings by households are highly concentrated, deeper financial systems are correlated with improved income distribution. For low-income countries, the relevant question for poor households is not how much financial assets they have, but whether they have any access to financial products at all.

Keywords: Credit; Economic development; Households; Income distribution; Poverty (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (23)

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