Financial Inclusion

Jonathan Morduch is Professor of Public Policy and Economics at the Wagner Graduate School of Public Service at New York University. He is a founder and Executive Director of the NYU Financial Access Initiative.. He is the coauthor of The Financial Diaries: How American Families Cope in a World of Uncertainty (2017), Portfolios of the Poor: How the World's Poor Live on $2 a Day (2009),and The Economics of Microfinance (2010); and coeditor of Banking the World: Empirical Foundations of Financial Inclusion (2012). Morduch has taught on the Economics faculty at Harvard, and has held visiting positions at Stanford, Princeton, Hitotsubashi University, and the University of Tokyo. Timothy Ogden is Managing Director of the Financial Access Initiative, a research center focused on financial services for low-income households around the world, and an adjunct professor at NYU Wagner. He is a senior fellow of the Aspen Institute's Economic Opportunities Program and Financial Security Program.. He was also managing director of the US Financial Diaries project, an initiative which tracked the financial lives of 235 low- and moderate- income US household for a full year. Ogden serves as a director of Sona Partners, and chairman of GiveWell. He has developed and edited more than 20 books, and is co-author of Toyota Under Fire (2011) and author of Experimental Conversations (2016).

I. Finance and society
1. Why Financial Inclusion? (Introduction)
2. Financial inclusion in rich countries
3. Roots of exclusion
4. Learning from microfinance

II. Why we need finance
5. Liquidity: Managing comsumption
6. Lumpy sums: Managing investment
7. Flexibility: Managing risk

III. Providing inclusive finance
8. Can financial inclusion be profitable for financial companies?
9. Digital frontiers
10. Does it work? The evidence of impact
11. Too much inclusion? Predators, debt crises, and "financialization"
12. Improving regulation and policy

IV. What next?