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Financial Services, Innovation, and Inclusiveness in Singapore

In: Services Global Supply Chains in ASEAN and East Asia

Author

Listed:
  • Shandre Mugan Thangavelu

    (Jeffrey Cheah Institute for Southeast Asia, Sunway University)

  • Chea Serey

    (National Bank of Cambodia)

Abstract

This paper examines the financial sector development in terms of technological change and financial inclusion in Singapore. The paper examines the impact of financial innovation on saving and borrowing behavior in Singapore accounting for age, education, and gender using individual-level data from 2017 Global Findex data. We use the discrete-choice econometric is used to investigate the determinants of financial inclusion in Singapore. The paper also provides an overview of financial development and inclusion in ASEAN.

Suggested Citation

  • Shandre Mugan Thangavelu & Chea Serey, 2024. "Financial Services, Innovation, and Inclusiveness in Singapore," Springer Books, in: Fukunari Kimura & Shandre Mugan Thangavelu & Christopher Findlay & Lurong Chen (ed.), Services Global Supply Chains in ASEAN and East Asia, pages 189-203, Springer.
    • Handle: RePEc:spr:sprchp:978-981-97-2811-4_9
    DOI: 10.1007/978-981-97-2811-4_9
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    Keywords

    Financial innovation; Financial inclusion;

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