Several studies have shown that financial inclusion impacts poverty and income inequality and higher levels of financial inclusion lead to lower poverty and income inequality and promotes inclusive economic growth.
However, the gender gap in access and usage of financial services remains pervasive across all the countries in South Asia. Patriarchal societies, low involvement of women in decision making, low empowerment of women, no voice in the family matters are some of the factors influencing
women’s financial access in the region. Although literature has developed on access to financial services in general, there is not much academic work available on access to digital financial services for women.
Gender Bias and Digital Financial Services in South Asia: Obstacles and Opportunities on the Road to Equal Access examines access to financial services to women in general in South Asia and specifically their access to digital financial services.
A systemic risk event that leads to significant losses in banks that are significant financial institutions can expose them to insolvency, significant volatility and impose serious negative impact on a country’s economy, as witnessed during the 2008 financial crash. The viral spread of
operational losses through global markets by interconnected multinational banks can be referred to as idiosyncratic viral loss theory.
Operational Risk Management in Banks and Idiosyncratic Loss Theory: A Leadership Perspective identifies important considerations that can bolster effective risk management practices in comprehensive enterprise-wide risk, fraud control, going beyond minimum risk assessment required by banking
regulators as well as independent risk identification and management. These considerations towards improving risk management practices may help reduce systemic operational losses spread virally in banks.
Operational Risk Management in Banks and Idiosyncratic Loss Theory is a useful tool for scholars, bank practitioners, regulators, and accountants to understand the behaviour of idiosyncratic viral losses in banks and in the use of effective risk management practices. Bank practitioners and
regulators can leverage the suggestions made by the panel of sector experts and bank leaders to construct action plans and training programs.
Combatting financial stability risks is a highly challenging task which can by no means be concentrated into a ‘one-size fits all’ approach. It is important to select the appropriate tools and techniques in order to monitor, analyse, and maintain financial stability through proactive
policy measures.
Tools and Techniques for Financial Stability Analysis explores all key aspects of analytical tools and challenges for sound financial stability assessments. Comprehensive coverage is given to value at risk, stress testing, graphical tools for financial stability, the financial system stress index,
as well as ratios and metrics of financial stability assessment. Finally, a concluding chapter is devoted to understand the key challenges involved in maintaining financial stability.
This book will prove valuable to central bankers, economists, and policy-makers who are involved in the field of financial stability, as well as researchers studying the field.