01806cas a2200241 a 4500 AALejournalIMF014693 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498344838 1018-5941 BD-DhAAL BD-DhAAL Karpowicz, Izabela. Financial Inclusion, Growth and Inequality : A Model Application to Colombia / Izabela Karpowicz. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Financial inclusion has been one of the key pillars of Colombia's development strategy for a number of years. Financial inclusion policies have aimed at channeling microcredit to poor, spreading formal banking system usage, fostering electronic payment acceptance, and making financial services more affordable. Using simulations from a general equilibrium model it is possible to identify the most binding financial sector frictions that preclude financial inclusion of enterprises, and study the effects on growth and inequality of efforts to remove these frictions. The study finds that lowering contraints on collateral promises higher growth while inequality is better tackled through measures that lower the financial participation cost. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2014/166 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/166/001.2014.issue-166-en.xml IMF e-Library