Financial Innovation and Additionality: The Power of Economic Analysis and Data Analytics

4 Pages Posted: 28 Apr 2020 Last revised: 18 May 2020

See all articles by Facundo Abraham

Facundo Abraham

World Bank

Sergio L. Schmukler

World Bank - Development Research Group (DECRG)

José Tessada

Business School, Pontificia Universidad Católica

Date Written: June 1, 2019

Abstract

As public and private financial institutions innovate to expand the range of financial products that households and firms use, questions about the additionality of different services have become central. Additional financial services are those that are not already provided by the private sector and that create value added to the overall economy. To identify and measure the contribution of financial services, precise analytical techniques and data are essential. Measuring additionality is challenging but, to the extent that it can be done, it is helpful to assess the multiple effects of financial innovation on the consumers of financial products, the financial service providers, and the economy.

Keywords: Governance Diagnostic Capacity Building, Economic Forecasting, Macroeconomic Management, Access to Finance, Conflict and Fragile States, Tertiary Education, Information Technology

Suggested Citation

Abraham, Facundo and Schmukler, Sergio and Tessada, Jose, Financial Innovation and Additionality: The Power of Economic Analysis and Data Analytics (June 1, 2019). World Bank Research and Policy Briefs No. 138280. Available at SSRN: https://ssrn.com/abstract=3586630

Facundo Abraham (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Sergio Schmukler

World Bank - Development Research Group (DECRG) ( email )

1818 H. Street, N.W.
MSN MC 3-301
Washington, DC 20433
United States
202-458-4167 (Phone)
202-522-3518 (Fax)

HOME PAGE: http://www.worldbank.org/en/about/people/s/sergio-schmukler

Jose Tessada

Business School, Pontificia Universidad Católica ( email )

Vicuna Mackenna 4860
Santiago
Chile

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