The little data book is a pocket edition of the global financial development database published as part of the work on the Global Financial Development Report 2014 : financial inclusion. The book has put more emphasis on access indicators and, in particular, includes additional variables...

In this introduction, the authors do three things. They first introduce the puzzle and relate it to existing interpretations from market reformists and their critics, arguing that both sets of views are inadequate. The authors then offer an alternative interpretation: that entrenched inequities...