Financial inclusion-defined here as the use of formal accounts-can bring many welfare benefits to individuals. Yet we know very little about the factors underpinning financial inclusion across individuals and countries. Using data for 123 countries and over 124,000 individuals, this paper tries...

1. Challenges for Central Banking: An Introduction -- 2. Financial Stability, Regulation, Supervision, and Modern Central Banking -- 3. Regulation and the Evolution of the Financial Services Industry -- 4. Regulatory Capital and the Supervision of Financial Institutions: Some Basic Distinctions...