Week of February 23, 2015

1.  Remittances: A number of large banks are no longer operating in certain countries in the global south in response to growing pressure from regulators to comply with rules on anti-money laundering and financing of terrorism.  But this movement of "de-banking" means less money in the pockets of families who receive remittances as well as more cash traveling through informal channels.  Center for Global Development

2. Behavioral Economics:  From mobile wallets to financial management apps, more entrepreneurs and financial service providers are addressing financial inclusion than ever before. But do they truly understand the needs, habits, and culture of the financially underserved? Tilman Ehrbeck and behavioral economist Dan Ariely discuss the role of behavioral economics in designing effective financial inclusion solutions.  Omidyar Network

3. The World Bank:  In an interview with Jim Yong Kim, Stephen Dubner touches on everything from bringing behavioral economic thinking to the World Bank to Kim's rap performance at a Dartmouth College talent show.  Freakonomics

4. Savings:  A newly published study analyzed personal financial habits of identical and fraternal twins and found the former have very similar savings behaviors - genetic differences explained roughly 33% of the variations in individual savings rates.  Quartz

5. Financial Inclusion: By 2013, 13% of the global population will be over the age of 60.  What does an aging population mean for policy makers promoting financial inclusion? CFI

The chart above (compiled by Chris Said) show the correlation in opinions between every pair of economists based in the IGM Forum, restricting questions to those from 2014. Click here for an interactive version of this matrix.

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