Research and Impacts of Digital Financial Services
14 Pages Posted: 20 Sep 2016 Last revised: 7 May 2018
Date Written: September 2016
A growing body of rigorous research shows that financial services innovations can have important positive impacts on wellbeing, but also that many do not. We first describe the latest evidence on what works in financial inclusion. Second, we summarize research on key financial market failures and on products and innovations that address specific mechanisms underlying them. We conclude by highlighting open areas for future work.
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