Posted on February 20, 2017 by iMFdirect
Version in: Français (French)
Did you know that while many people in advanced economies have multiple bank accounts, there are barely two bank accounts for every ten people in low-income economies? Access to financial services is essential to spread the fruits of economic growth to all, not just to the fortunate few. Continue reading
Filed under: Advanced Economies, banking, Economic research, Emerging Markets, IMF, Inequality, International Monetary Fund, Low-income countries | Tagged: advanced economies, banking services, economic growth, emerging markets, financial services, IMF, iMFdirect blog, inequality, low-income countries, macro-structural policies | Leave a comment »
Posted on July 21, 2014 by iMFdirect
By Min Zhu
(Versions in 中文, Español)
Asia is set to be the powerhouse for growth in the next decade, just as it was in the last one. The size of its economy is expected to expand more rapidly than the other regions of the world, and its share in the world output is expected to rise from 30 percent to more than 40 percent in the coming decade. The structure of the economy is expected to continue to transform from a narrower manufacturing hub to a group of vibrant, diverse and large markets with a rising middle-class population.
The role of the financial sector is critical in the success of this seismic transformation. Let me explain by focusing on three areas:
Filed under: Asia, Emerging Markets, Employment, Finance, Financial Crisis, Financial regulation, Globalization, growth, IMF, Inequality, International Monetary Fund, Investment | Tagged: Asian financial crisis, bond markets, China, financial services, income inequality, India, Indonesia, Japan, Korea, Min Zhu, population aging | Leave a comment »
Posted on May 23, 2011 by iMFdirect
By Masood Ahmed
Most policymakers in the Middle East and North Africa agree that stronger economic growth is a crucial component of any strategy to address the region’s persistently high levels of unemployment and raise its living standards. One question that arises is: What role can the financial sector play?
It is well known that a dynamic and vibrant financial sector will improve economic outcomes for a country, leading to faster and more equitable economic growth. The key to answering this question, therefore, is to look to the past and examine how the financial sector has contributed historically to growth in the region. Continue reading
Filed under: Economic outlook, Employment, growth, IMF, International Monetary Fund, Middle East | Tagged: bank credit, bank intermediation, banking competition, banking sector, credit information, economic growth, equity, financial depth, financial sector, financial services, financial shallowness, macroeconomic stability, Regional Economic Outlook: Middle East and North Africa, stock market, unemployment | 7 Comments »