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Financial Inclusion: What Everyone Needs to Know(r)

Financial Inclusion: What Everyone Needs to Know(r)

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Key Metrics

  • Jonathan Morduch
  • Oxford University Press, USA
  • Hardcover
  • 9780190249977
  • -
  • -
  • Political Science > Public Policy - Social Services & Welfare
  • English
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Book Description

Over 30 percent of the world's adults lack access to basic financial tools-more often women, members of minority groups, and poor families. The abilities to buy what you need, when you need it, to put money aside for the future, and to withstand bad luck without financial ruin seem like basic elements of life in a functioning economy. But life is not that simple for people who lack financial tools. In fact, the tighter the budget, the more you need and benefit from financial services. Financial inclusionor, put another way, having the tools necessary to take control of one's finances and make progress towards one's goalsis essential to a just and fair society.

In Financial Inclusion: What Everyone Needs to Know� , prominent experts Jonathan Morduch and Timothy Ogden explain in straightforward language how the lack of financial inclusion reinforces broader inequities in our society. Using their extensive backgrounds in finance, technology, economic change, and inequality, Morduch and Ogden detail efforts to guarantee that all people, rich and poor, have access to quality financial services and the ability to make prudent financial choices.

Framed by the simple concept of equal access, this book explains the mechanisms of one of the most contentious and misunderstood parts of modern economics by answering a few core questions: What is financial inclusion? Why does it matter? How does it work? When doesn't it work? What are the risks? How can more people be included?

Financial Inclusion: What Everyone Needs to Know(r)

Author Bio

Jonathan Morduch is Professor of Public Policy and Economics at the Wagner Graduate School of Public Service at New York University.

Morduch's research focuses on finance, poverty, and inequality. He is a founder and Executive Director of the NYU Financial Access Initiative.

Morduch is the author with Rachel Schneider of The Financial Diaries: How American Families Cope in a World of Uncertainty (Princeton 2017; project site) and co-author of Portfolios of the Poor: How the World’s Poor Live on $2 a Day (Princeton 2009) and The Economics of Microfinance (MIT Press 2010). He is co-editor of Banking the World: Empirical Foundations of Financial Inclusion (MIT Press). Together with Dean Karlan, Morduch is the author of Economics (McGraw-Hill 2020, 3rd ed.), an empirically-oriented principles of economics text now in its 3rd edition.

Morduch has taught on the Economics faculty at Harvard, and has held visiting positions at Stanford, Princeton, Hitotsubashi University and the University of Tokyo. He received a BA from Brown, Ph.D. in Economics from Harvard, and an honorary doctorate from the Free University of Brussels for his work on microfinance.

Education 

Harvard University, Cambridge, Massachusetts
Ph. D., M.A., Economics, November 1991. Fields in public finance and labor
economics. Dissertation: Risk and Welfare in Developing Countries.
 

Brown University, Providence, Rhode Island
A. B. Economics (Honors), May 1985. Lamport Prize for International
Understanding in Economics. Junior year at the London School of Economics.

 

 

Source: New York University 

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