ENGLISH

Electronic Finance: A New Approach to Financial Sector Development (World Bank Discussion Paper)

By Stijn Claessens

Book information

Year
2002
ISBN
0821351044, 9780821351048
Open Library ID
OL13630185M
Language
english
Format
PDF
Filesize
731 kB (748324 bytes)
Pages
108\108
Topic
Economy
Time added
2011-06-04 13:46:07

Description

In recent years, the delivery of financial services has changed consistent with technological advances that have occurred. On-line banking, on-line trading and brokerage services, and capital markets are available and utilized in varying degrees in the industrialized nations of the world. Beyond the availability of services on-line, E-Finance is redefining the cost and competitive structure of financial services. This convergence of technology and financial services provides opportunities for emerging markets to leapfrog in the development and delivery of financial services. This paper identifies issues arising from the spread of E-Finance including the readiness of telecommunications infrastructure, public policy and regulatory requirements, and financial sector development approaches. It hopes to stimulate dialogue on the role E-Finance can play in supporting the World Bank's overall mission.

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