The Nexus of Financial Inclusion and Financial Stability
Policy makers and regulators have
devoted much effort to reforms aimed at improving financial
stability in response to lessons from the 2007-09 crisis. At
the same time, much effort has also been directed to
promoting greater financial inclusion as an enabler of equal
opportunity. To some extent, these endeavors have been
exerted in silos, neglecting the possibility that financial
inclusion and financial stability could be significantly