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    Financial Access in Post-Reform India

    Financial Access in Post-Reform India by Bhavani, T.A.; Bhanumurthy, N.R.;

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    Product details:

    • Publisher OUP India
    • Date of Publication 26 January 2012

    • ISBN 9780198076650
    • Binding Hardback
    • No. of pages224 pages
    • Size 222x149x18 mm
    • Weight 380 g
    • Language English
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    Short description:

    Using a macroeconomic growth approach, this book focuses on two important aspects of the Indian financial sector-development and access. It empirically analyses the structure, size, reach, and efficiency of the sector in the post-reform period and assesses availability of resources from the formal financial system to the productive sectors of the economy.

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    Long description:

    This book focuses on two important aspects of the financial sector-development and access. Combining theory with analytical rigour, the authors examine the level of and changes in financial development and access in the post-reform period.

    Using a macroeconomic growth approach, financial development is looked at in terms of the structure of the financial system, its size, reach, and efficiency, and soundness of the banking sector. Financial access is conceptualized as the supply of financial resources for productive investment purposes. It is measured in terms of availability of finances from the formal financial system and its adequacy in taking care of productive investment needs. Based on empirical assessment of disaggregate data at the sectoral level, the authors suggest innovative solutions to reduce risk and transaction costs in order to improve financial access in the economy. They also compare specific aspects of the Indian financial system with that of the United Kingdom, Brazil, and China.

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    Table of Contents:

    List of Tables and Figures
    Preface; Acknowledgements
    Introduction
    Financial Development, Financial Access, and its Relation with Economic Growth
    Analytical Considerations
    Financial Development: Empirical Evidence
    Financial Access: Household Level Evidence
    Financial Access: Sector and Segment Level Evidence
    Indian Financial Sector: An International Comparison
    Private Participation in the Banking Sector
    Summary, Findings, and Policy Recommendations
    Bibliography
    Index

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