Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128568
Authors: 
Ayyagari, Meghana
Beck, Thorsten
Year of Publication: 
2015
Series/Report no.: 
ADB Economics Working Paper Series 449
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: 
http://creativecommons.org/licenses/by/3.0/igo/
Document Type: 
Working Paper

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