Electronic Finance : A New Approach to Financial Sector Development ?
In recent years, electronic finance,
especially online banking, and brokerage services, has
reshaped the financial landscape. This paper reviews these
developments, and analyzes their implications for consumers,
governments, and financial service providers. First, it
reviews the e-finance (r)evolution in emerging, and other
markets, and projects its future growth. It then analyzes
e-finance impact on the structure of, and competition in the
financial services industry. After that, it assesses how
e-finance, and globalization more generally, affects
financial sector policies in emerging markets, including the
need for changes in the approach to financial sector
development. The paper then examines governments'
changing role in the financial sector, and identifies
opportunities that e-finance offers countries to leapfrog.
Finally, the paper includes for policymakers, and others
involved in financial sector reform in emerging markets,
detailed information, and Web links on public policy
activities related to e-finance.
Saved in:
Bibliographic Details
| Main Authors: |
Claessens, Stijn,
Glaessner, Thomas,
Klingebiel, Daniela |
|---|
| Format: | Publication
biblioteca
|
|---|
| Language: | English
en_US |
|---|
| Published: |
Washington, DC: World Bank
2002-03
|
|---|
| Subjects: | ELECTRONIC FUNDS TRANSFER,
FINANCING OPTIONS,
FINANCIAL DEVELOPMENT,
ONLINE DATA PROCESSING,
BROKERS,
BANKING SERVICES,
COMPUTERIZATION,
EMERGING ECONOMIES,
MARKET FORCES,
COMPETITIVENESS,
FINANCIAL POLICY,
FINANCIAL SECTOR REFORM,
PUBLIC POLICY AGENTS,
BANK ACCOUNTS,
BANKING SECTOR,
CAPITAL MARKETS,
CENTRAL BANKS,
CONSOLIDATION,
CONTRACT ENFORCEMENT,
COPYRIGHT,
DEPOSITS,
DIGITAL SIGNATURES,
DISCLOSURE,
ECONOMIES OF SCALE,
ELECTRONIC BANKING,
ELECTRONIC CASH,
ELECTRONIC MONEY,
ELECTRONIC TRANSACTIONS,
EMERGING MARKETS,
EMPLOYMENT,
EQUITY CAPITAL,
EXPENDITURES,
EXTERNALITIES,
FACTORING,
FINANCIAL INSTITUTIONS,
FINANCIAL MARKETS,
FINANCIAL REGULATION,
FINANCIAL SECTOR,
FINANCIAL SERVICES,
FINANCIAL SYSTEMS,
FOREIGN EXCHANGE,
GLOBALIZATION,
GOVERNMENT INTERVENTION,
HEALTH CARE,
HEALTH CARE FINANCING,
HOUSING,
INCOME,
INFORMATION INFRASTRUCTURE,
INSURANCE,
INSURANCE POLICIES,
INTERNET ACCESS,
INTERNET CONNECTIVITY,
INTERNET HOSTS,
INTERNET SERVICES,
LOCAL GOVERNMENT,
MICROFINANCE,
MIGRATION,
MORTGAGE LOANS,
NETWORKS,
NEW ENTRANTS,
ONLINE BANKING,
PAYMENT SYSTEMS,
PRIVACY POLICIES,
PRIVATE SECTOR,
PUBLIC POLICIES,
PUBLIC POLICY,
RISK TAKING,
SAFETY NETS,
SAVINGS,
SECURITIES,
SECURITIES MARKETS,
SECURITIES TRADING,
SETTLEMENT SYSTEMS,
SMART CARDS,
SOCIAL SERVICES,
STOCK MARKETS,
TAXATION,
TELECOMMUNICATIONS REGULATION,
TRADING SYSTEMS,
TRANSITION ECONOMIES,
TRANSPORT, |
|---|
| Online Access: | http://documents.worldbank.org/curated/en/2002/03/1735290/electronic-finance-new-approach-financial-sector-development
http://hdl.handle.net/10986/14075
|
|---|
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
|---|
