Electronic Finance A New Approach to Financial Sector Development?

, by Glaessner, Thomas C.; Claessens, Stijn; Klingebiel, Daniela

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ISBN: 9780821351048 | 0821351044
Cover: Paperback
Copyright: 3/1/2002

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Technological developments in electronic finance have changed the nature and delivery of financial services in recent years, especially through the use of online banking, online trading and brokerage services. This report reviews the developments in e-finance and analyses the implications for consumers, financial service providers and governments. Issues discussed include: the impact on competition within the financial services industry; how financial sector policies in emerging markets are affected; public policy and regulatory requirements.

Foreword	p. v
Abstract	p. vii
Acknowledgments	p. ix
Executive Summary	p. 1
The Recent Past and Possible Future of Electronic Finance	p. 5
The New World of Financial Services	p. 17
Changes Needed in Financial Sector Policies	p. 23
E-finance Applications--and Implications for Government	p. 39
Annexes
Data Sources and Methodology for the Projections	p. 47
Recent Reports by International E-finance Working Groups	p. 49
Types of Online Trading Systems	p. 59
Selected Smart Card Projects in Emerging Markets and Developing Countries	p. 67
Selected E-finance Examples in Emerging Markets and Developing Countries	p. 75
E-Finance Web Links	p. 81
References	p. 89
Bibliographical Note	p. 97
Tables
E-finance has achieved significant penetration in most industrial countries and many emerging markets	p. 6
Consumers and countries around the world are getting better connected, 1999	p. 8
Emerging markets' capital is increasingly owned, traded, and listed abroad, 2000	p. 10
The takeoff point for online banking depends on the level of connectivity	p. 12
E-finance will slash banks' net interest margins, 2005 and 2010	p. 15
The Internet is changing features of financial services	p. 20
A new paradigm is emerging for financial sector development	p. 24
Progress is being made in creating an enabling regulatory environment	p. 28
E-finance regulation has yet to address some outstanding issues	p. 33
Current e-finance initiatives by international bodies	p. 50
Fixed-income trading systems	p. 62
Major U.S. online stock brokerages	p. 64
Figures
Capital raised by companies in American depository receipts, 1980-2000	p. 9
Value traded by companies in American depository receipts, 1980-2000	p. 9
E-banking penetration: actual and projected rates for 2000, 2005, and 2010	p. 13
Different service providers and delivery channels are combining to create a new world of financial services	p. 18
Boxes
Mobile phones: The developing world's technological springboard	p. 7
The new world of financial service providers	p. 17
The massive shifts in stock markets and exchanges	p. 19
Leapfrogging around the globe: Estonia, Republic of Korea, and Brazil	p. 21
The institutional approach to financial sector development	p. 23
Enhancing connectivity in emerging markets by improving telecommunications regulation	p. 25
Privacy problems--the role of the public sector and private solutions	p. 26
Securities regulation, the Internet, and emerging markets	p. 30
Principles for managing risk in online banking	p. 31
Challenges for market regulation within and across countries	p. 37
Making creative use of existing public infrastructure: Post offices	p. 40
Smart cards: A clever way to leapfrog?	p. 40
Mortgage finance: The impact of the Internet	p. 41
Insurance: E-financeable?	p. 42
E-finance for small and medium-size enterprises	p. 43
Microfinance and e-finance--a viable match?	p. 44
FinNet: Toward a paperless infrastructure backbone for financial services	p. 45
Table of Contents provided by Syndetics. All Rights Reserved.

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