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Electronic Finance : A New Approach to Financial Sector Development ?

Author

Listed:
  • Stijn Claessens
  • Thomas Glaessner
  • Daniela Klingebiel

Abstract

In recent years, electronic finance, especially online banking, and brokerage services, has reshaped the financial landscape. This paper reviews these developments, and analyzes their implications for consumers, governments, and financial service providers. First, it reviews the e-finance (r)evolution in emerging, and other markets, and projects its future growth. It then analyzes e-finance impact on the structure of, and competition in the financial services industry. After that, it assesses how e-finance, and globalization more generally, affects financial sector policies in emerging markets, including the need for changes in the approach to financial sector development. The paper then examines governments' changing role in the financial sector, and identifies opportunities that e-finance offers countries to leapfrog. Finally, the paper includes for policymakers, and others involved in financial sector reform in emerging markets, detailed information, and Web links on public policy activities related to e-finance.

Suggested Citation

  • Stijn Claessens & Thomas Glaessner & Daniela Klingebiel, 2002. "Electronic Finance : A New Approach to Financial Sector Development ?," World Bank Publications - Books, The World Bank Group, number 14075, December.
    • Handle: RePEc:wbk:wbpubs:14075
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    Citations

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    Cited by:

    1. Lucia Dalla Pellegrina & Serena Frazzoni & Zeno Rotondi & Andrea Vezzulli, 2017. "Does ICT adoption improve access to credit for small enterprises?," Small Business Economics, Springer, vol. 48(3), pages 657-679, March.
    2. Elheddad, Mohamed & Benjasak, Chonlakan & Deljavan, Rana & Alharthi, Majed & Almabrok, Jaballa M., 2021. "The effect of the Fourth Industrial Revolution on the environment: The relationship between electronic finance and pollution in OECD countries," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
    3. Mogotsinyana MAPHARING & Elang BASUHI, 2017. "Electronic Banking and Bank Performance: Botswana Context," International Journal of Emerging Trends in Social Sciences, Scientific Publishing Institute, vol. 1(1), pages 84-93.
    4. Thomas C. Glaessner & Tom Kellermann & Valerie McNevin, 2004. "Electronic Safety and Soundness : Securing Finance in a New Age," World Bank Publications - Books, The World Bank Group, number 15029, December.

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