scholarly journals Socio-demographic characteristics of digital financial services users: Evidence from Serbia

Ekonomika ◽  
2021 ◽  
Vol 67 (4) ◽  
pp. 55-64
Author(s):  
Isidora Ljumović ◽  
Krsto Jakšić ◽  
Slaviša Trajković
Keyword(s):  
World Bank ◽  
Financial Services ◽  
Demographic Characteristics ◽  
Service Users ◽  
Banking Services ◽  
Highly Educated ◽  
The World Bank ◽  
Significant Difference ◽  
The Republic ◽  
Average User

Given the importance of digital financial services on financial inclusion, the authors examined the socio-demographic characteristics of users of digital financial services in the Republic of Serbia. The authors hypothesized that age, education, employment, and income are key socio-demographic characteristics that have influenced digital financial services. The Global Findex database of the World Bank was used to analyze the socio-demographic characteristics of digital financial service users in the Republic of Serbia, with a sample of 1000 inhabitants older than 15 years. To test differences between the analyzed characteristics, a t-test was applied using SPSSv25. The results show a difference among most of the analyzed characteristics. Socio-demographic characteristics, apart from gender and income, are statistically significant. The results show a statistically significant difference in the age of users of digital financial services and non-users of digital financial services. Also, users of digital financial services are highly educated and more often employed. Based on the results, it can be concluded that the average user of digital financial services is younger, more educated, more often employed and uses various banking services, such as credit and debit cards, savings and borrowing more often than non-users of these services.

Global reduction in 'unbanked' numbers to gather pace

2015 ◽  
Keyword(s):  
World Bank ◽  
Financial Services ◽  
Positive Impact ◽  
Significant Progress ◽  
Financial Access ◽  
Content Type ◽  
The World Bank ◽  
Credit Creation ◽  
The World ◽  
Global Reduction

Subject Progress in the reduction of the number of unbanked people. Significance The World Bank has set an ambitious goal of universal financial access for everyone by 2020. The latest statistics show that many countries are making significant progress towards this goal. Some technological measures that increase access to financial services may increase transparency, stemming corruption and curtailing money laundering. However, by making it easier to spot corruption, these measures may boomerang, leading to the withdrawal of some institutions, particularly international ones, from problematic markets. Impacts Lack of access to financial services will remain a global problem that traps individuals in cycles of poverty. The World Bank encourages people to use bank accounts; having one in name only has little positive impact. Countries that mistake credit creation for improving financial access risk exacerbating financial and economic instability.

scholarly journals Measuring Literacy Gap in the World for Economic and Social Development: Evidence from Selected Countries and the Lessons Learned

2019 ◽  
Vol 10 (6A) ◽  
pp. 123-130
Author(s):  
Gbolahan S. Osho ◽  
Arinola C. Ebalunode
Keyword(s):  
Social Development ◽  
World Bank ◽  
International Organizations ◽  
Lessons Learned ◽  
Literacy Rate ◽  
Literacy Gap ◽  
The World Bank ◽  
Significant Difference ◽  
The World ◽  
Female Literacy

Literacy rate is a major indicator of economic and social development, the campaign for growth and improvement in this area by several international organizations have caused significant growth in all major regions of the world. The persistent theme to these various programs is that illiteracy is nonetheless prevalent in the world and more study needed to eradicate it, thus generates a significant interest in this issue. Therefore, the primary goal of this current study is to compare five major regions in the world as classified by the World Bank in regards to the differences which exist in literacy. The study concludes that literacy rates of male and female across the regions are different for Youth literacy between the age of 15 and 24. The vast conclusion is that that there is a no significant difference in male literacy among the regions in the world except for Africa. While no significant difference in female literacy among the regions in the world.

scholarly journals How to be an Asian Tiger

1997 ◽  
Vol 2 (2) ◽  
pp. 87-108
Author(s):  
Anis Alam
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Bank ◽  
Developed Countries ◽  
Small Country ◽  
The World Bank ◽  
Asian Tiger ◽  
The World ◽  
The Republic ◽  
Industrialised Countries

In 1995 the Republic of Korea (ROK) was officially admitted to the Organisation for Economic Cooperation and Development (OECD). This organisation groups together industrially developed countries of the world. Recently, the World Bank has also released a study of China that predicts that China is going to become the second biggest economy in the next fifteen years if its economic growth follows the pattern of the last fifteen years. ROK is the only country from among the developing countries to join the ranks of the developed industrialised countries in the last thirty years. However, it is still a small country compared to China. Hence when China completes its transformation into an industrialised country the whole world will be affected.

scholarly journals Pakistan

2020 ◽  
pp. 105-125
Author(s):  
Natalya Naqvi
Keyword(s):  
World Bank ◽  
Financial Services ◽  
Banking Sector ◽  
Basel Ii ◽  
International Standards ◽  
Basel Iii ◽  
The World Bank ◽  
The World ◽  
Over Time

Pakistan has the highest level of implementation among our case study countries. The impetus for converging on international standards has come from different actors over time. The adoption of Basel I adoption in the 1980s was driven by the World Bank and IMF. In the 1990s and early 2000s, the adoption of Basel II was driven first by politicians promoting the expansion of financial services, and then by banking sector regulators. Most recently, as banks have internationalized, they have championed the implementation of Basel III. Pakistan is one of the few cases where all three major actors—politicians, regulators, and major banks—are now aligned behind the implementation of the standards, leading to a high and ambitious level of implementation.

Key Drivers of Internet Banking Adoption

2011 ◽  
pp. 123-139
Author(s):  
Carlos Lassala Navarré ◽  
Carla Ruiz Mafé ◽  
Silvia Sanz Blas
Keyword(s):  
Financial Services ◽  
Internet Banking ◽  
Online Banking ◽  
Holistic View ◽  
Banking Services ◽  
Highly Educated ◽  
Internet Users ◽  
Adoption Research ◽  
Key Drivers ◽  
Psychological Risk

The objective of this chapter is to provide students and managers with a holistic view into the different factors that influence online banking adoption and to use the study’s findings to develop strategies for managers on how to maximize the rate of Internet banking adoption. Research done with a sample size of 450 Spanish Internet users, has highlighted that Internet banking adoption is more likely in young, highly educated and high-income consumers. Internet affinity, online use experience and some perceived benefits are also key drivers of online financial services pur chase decision-making. Perceived financial, social and psychological risk negatively influences the use of online-banking services.

scholarly journals Inversodicraea koukoutamba and I. tassing (Podostemaceae), new waterfall species from Guinea, West Africa

2019 ◽  
Vol 64 (3) ◽  
pp. 216-224 ◽  
Author(s):  
M. Cheek ◽  
D. Molmou ◽  
L. Jennings ◽  
S. Magassouba ◽  
X. van der Burgt
Keyword(s):  
New Species ◽  
World Bank ◽  
Critically Endangered ◽  
Republic Of Guinea ◽  
The World Bank ◽  
Hydroelectric Dam ◽  
The Family ◽  
The Republic ◽  
African Genus ◽  
Near Threatened

Two new species of Inversodicraea, I. koukoutamba and I. tassing, both from the Republic of Guinea, are described as new to science, increasing the number of species known in this African genus to 32, making it the most species-diverse among African Podostemaceae. Both species are remarkable, among other features, for their styles. Inversodicraea koukoutamba is only the third species of the genus with 3, not 2 styles, and is unique in the genus, and in the family, in having each style bifurcate. Inversodicraea tassing has styles equal or exceeding the length of the ovary, being nearly twice as long as those of the species which previously was noted for the longest styles in the genus. Both new species are single-site endemics, the first is assessed here as Critically Endangered according to the IUCN 2012 standard, due to the incipient construction of the World Bank backed Koukoutamba hydroelectric dam which threatens several other plant species assessed as Critically Endangered or Endangered. The second species, I. tassing, is assessed as Near Threatened, since there are currently no threats known at present to the single known site.

scholarly journals The need for Islamic banking services in commercial banks of Uzbekistan and its positive impact on economic growth

2020 ◽  
Vol 1 ◽  
pp. 43-46
Author(s):  
Tursunov Anvar Sultanovich
Keyword(s):  
World Bank ◽  
Commercial Banks ◽  
Positive Impact ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Banking Services ◽  
The World Bank ◽  
Factors Influencing ◽  
The World

This article presents the development of Islamic banking services, development trends in the World Bank financial system and the factors influencing the growth of the country’s economy. Today, two-thirds of Islamic finance is concentrated in Islamic banks. The urgency of establishing Islamic banking services in commercial banks is highlighted. There are practical suggestions and recommendations for the development of this area.

scholarly journals Цифровизация экономики как необходимое условие устойчивого развития Республики Беларусь

2020 ◽  
Vol 4 ◽  
pp. 173-185
Author(s):  
Мария Варакулина ◽  
Keyword(s):  
World Bank ◽  
Statistical Data ◽  
Research Process ◽  
Digital Economy ◽  
Global Trends ◽  
The World Bank ◽  
Economic Methods ◽  
Economic Commission ◽  
General Scientific ◽  
The Republic

Goal – the purpose of this study is to assess the current level of development of the digital economy in the Republic of Belarus, in the context of prevailing global trends. Research methodology – as research methods, both general scientific and specifically economic methods were used, including statistical analysis methods. Score/results – the study was conducted on the basis of analytical reviews and reports of the World Bank, the Eurasian Economic Commission, the Eurasian Bank and the United Nations. In the research process statistical data of the National Statistical Committee of the Republic of Belarus were used also. All data is publicly available. Originality/value – the value of this study lies in finding directions for solving the problems of transition to a digital economy in the Republic of Belarus.

scholarly journals Issues related to the assistance provided by the World Bank as a modernization partner of the Republic of Moldova

2021 ◽  
pp. 7-18
Author(s):  
Victor Juc ◽  
◽  
Iuliana Stratan ◽  
Keyword(s):  
World Bank ◽  
Technical Assistance ◽  
Political Support ◽  
Republic Of Moldova ◽  
The World Bank ◽  
The World ◽  
External Assistance ◽  
The Republic ◽  
The Government ◽  
Modernization Process

This paper addresses the main issues of World Bank fifi nancing and development assistance in the modernization process of the Republic of Moldova. Investigations show that the country’s political decision-makers are dependent on the World Bank’s advice and sources of technical assistance. At the same time, the allocation of external assistance can work, depending on the country’s policies. This article illustrates how political instability, inconsistency and political support in the implementation of initiated reforms, the interruption of technical assistance from the Government had detrimental consequences on the development objectives proposed by the World Bank during the implementation of the Country Partnership Framework.

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