Abstract
Despite three-decades of reform, it is astonishing to see that one out of two Turkish adults is still excluded from the financial system. Such exclusion is an incredible waste of capital and talent for any country, given the positive effects financial access has on economic growth and poverty reduction. Not surprisingly, this issue has come to the forefront of the agendas of the World Bank, IMF, UN and development agencies in recent years. The high level of exclusion in Turkey is both a great challenge and opportunity. This article explores the level of (and barriers to) financial access in Turkey and draws some policy lessons for the future.
| Original language | English (US) |
|---|---|
| Title of host publication | Understanding the Process of Economic Change in Turkey |
| Subtitle of host publication | An Institutional Approach |
| Publisher | Nova Science Publishers, Inc. |
| Pages | 337-354 |
| Number of pages | 18 |
| ISBN (Print) | 9781608769452 |
| State | Published - 2013 |
All Science Journal Classification (ASJC) codes
- General Economics, Econometrics and Finance
- General Social Sciences