Electronic Finance: A New Approach to Financial Sector Development? (World Bank Discussion Papers)

Annotation In recent years, the delivery of financial services has changed consistent with technological advances that have occurred. On-line banking, on-line trading and brokerage services, and capital markets are available and utilized in varying degrees in the industrialized nations of the world. Beyond the availability of services on-line, E-Finance is redefining the cost and competitive structure of financial services. This convergence of technology and financial services provides opportunities for emerging markets to leapfrog in the development and delivery of financial services. This paper identifies issues arising from the spread of E-Finance including the readiness of telecommunications infrastructure, public policy and regulatory requirements, and financial sector development approaches. It hopes to stimulate dialogue on the role E-Finance can play in supporting the World Bank's overall mission

Electronic finance, especially online banking and brokerage services, has reshaped the financial landscape. This work reviews these developments and analyzes their implications for consumers, governments, and financial service providers. Material presented here will stimulate discussion in the development community on the opportunities offered by e-finance for better financial sector development, sustained growth, and reduced poverty. Detailed information and Web links on public policy activities related to e- finance are provided. There is no subject index. Annotation c. Book News, Inc., Portland, OR

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Electronic finance, especially online banking and brokerage services, has reshaped the financial landscape. This work reviews these developments and analyzes their implications for consumers, governments, and financial service providers. Material presented here will stimulate discussion in the development community on the opportunities offered by e-finance for better financial sector development, sustained growth, and reduced poverty. Detailed information and Web links on public policy activities related to e- finance are provided. There is no subject index. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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