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BARRIERS TO FORMAL SAVING: MICRO‐ AND MACROECONOMIC EFFECTS
Author(s) -
Di Giannatale Sonia,
Roa María José
Publication year - 2019
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/joes.12275
Subject(s) - economics , demand side , financial inclusion , supply side , psychological intervention , inclusion (mineral) , public economics , macroeconomics , financial services , finance , sociology , gender studies , psychology , psychiatry
This paper examines different barriers to formal saving, considering various interventions and their possible effects at microeconomic and macroeconomic levels. It presents a comprehensive review of the literature, based on a detailed classification of the barriers associated with supply‐side factors, related to access to financial products, and demand‐side barriers, related to the use and frequency of use of those products. The paper concludes that this classification and analysis contributes to a fuller understanding of the question of financial inclusion, and how to achieve it.