Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/128568 
Year of Publication: 
2015
Series/Report no.: 
ADB Economics Working Paper Series No. 449
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
This paper provides an analysis of financial development and inclusion in developing Asia using data from a wide array of sources. We show that in terms of aggregate measures of financial development, the region as a whole has superior banking sector depth compared to other developing regions; however, this masks a great deal of variation across Asian economies. Furthermore, in terms of financial inclusion, fewer than 27% of adults in developing Asia have an account in a formal financial institution, and only 33% of enterprises report having a line of credit or a loan from a financial institution. Cost, geographic access, and lack of identification are the most commonly reported barriers to financial inclusion that can be addressed by policy makers.
Subjects: 
financial development
financial inclusion
financial system
JEL: 
D14
G20
G21
G30
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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