Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/241198 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
Bank of Canada Staff Working Paper No. 2020-32
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
The entry of Big Tech firms in the financial ecosystem might affect financial stability through the opportunities and challenges they create for financial inclusion. In this paper we survey the literature to determine the effectiveness of financial education in improving financial literacy and financial inclusion and to assess the impact of financial inclusion on financial stability. Based on our findings, we argue that new empirical research is needed to determine whether financial education can play a role in ensuring that everyone is able to reap the financial-inclusion benefits that Big Tech may bring. We also conclude that financial-inclusion opportunities created by Big Tech might potentially introduce risks for overall financial stability. Because of this, we underline the importance of proper supervision and regulation.
Schlagwörter: 
Development economics
Digital currencies and fintech
Financial markets
Financial services
Financial stability
JEL: 
D14
D91
D92
G21
G23
O16
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