Related items
Showing items related by title, author, creator and subject.
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Benchmarking Financial DevelopmentCapitalizing on recent improvements in
 the availability of cross-country financial sector data,
 this paper proposes a standard methodology for benchmarking
 the policy component of financial development. Systematic
 controls are introduced to isolate main structural country
 characteristics and a principal components analysis is used
 to help identify a parsimonious set of ten "core"
 outcome indicators from a broader set of twenty seven
 potential indicators covering different dimensions of
 development in both financial institutions and financial
 markets. Such a broad-based approach helps reveal important
 determinants and regularities of the process of financial
 development. The paper also identifies some of the main data
 gaps that will need to be filled to allow further progress
 in financial benchmarking looking forward.
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Bringing Financial Literacy and Education to Low and Middle Income CountriesThis paper presents a World Bank led and
 Russia trust fund financed work program to measure financial
 capability and the effectiveness of financial education in
 low and middle income countries. The two activities and
 their staging have been motivated by the lessons of high
 income countries with financial literacy programs and the
 deviating characteristics of low and middle income
 countries. While progress has been made in high-income
 countries to measure financial capability, there is little
 robust empirical evidence that financial education can
 improve it. While applying the financial capability concept
 in low and middle-income countries looks promising it will
 need to be adjusted to their characteristic and supported by
 innovative interventions and rigorous impact evaluation to
 improve it.
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Global Survey on Consumer Protection and Financial Literacy Results Brief : Regulatory Practices in 114 EconomiesFinancial consumer protection and
 financial education policies, in conjunction with the
 regulation of financial institutions and markets, need to
 ensure safe access to financial services and support
 financial stability and financial inclusion objectives.
 Consumer protection and financial literacy can contribute to
 improved efficiency, transparency, competition, and access
 to retail financial markets by reducing information
 asymmetries and power imbalances among providers and users
 of financial services. Rapid progress toward widespread
 financial inclusion must be appropriately complemented with
 checks and balances that ensure a responsible provision of
 financial services and products. A number of international
 efforts are in place to improve dialogue and identify best
 practices in financial consumer protection. To contribute to
 the international dialogue on financial consumer protection
 the World Bank in conjunction with Fin-CoNet, an
 international cooperation platform for supervisory agencies
 in the area of financial consumer protection, conducted a
 global survey on consumer protection and financial literacy
 to collect information from financial regulatory agencies in
 114 economies. This brief summarizes the key results of the
 survey and accompanies the release of the data collected to
 provide timely feedback on the results.