Premiered on:
16 Sep 2021 (Thursday)
3:00–4:15 pm (Manila)
Microsoft Teams Meeting

Understanding Financial Inclusion

Financial inclusion enables households and enterprises access to useful and affordable financial products and services that meet their needs for transactions, payments, savings, credit, and insurance. It has been identified as an enabler of Sustainable Development Goals and recognized as one of the pillars of global development agenda. Yet financial inclusion is commonly viewed from multidimensional approach, with different dimensions contributing to overall financial inclusion. Moreover, financial inclusion may have varying relevance and impact across a diverse set of economies. This RCI-POD webinar discussed a new measure of financial inclusion and assessed whether different dimensions of financial inclusion show distinct impacts in achieving key development goals of reducing poverty and income inequality as well as strengthening women empowerment and entrepreneurship.

Video Link:

Link to YouTube


Agenda (PDF)

Previous Episode:

Changing Patterns of Capital Flows
29 Jul 2021 3:00–4:30 pm

Next Episode:

Implementation Challenges of the Regional Comprehensive Economic Partnership
20 Oct 2021 3:00–4:30 pm
Opening Remarks:
Joseph Zveglich, Jr. Deputy Chief Economist and Director General, Economic Research and Regional Cooperation Department (ERCD), Asian Development Bank (ADB)

Joseph E. Zveglich Jr. is Deputy Chief Economist of the Asian Development Bank. He supports the Chief Economist to set research directions for the Economic Research and Regional Cooperation Department, ensure research quality, and brief the ADB Board and Management on emerging economic issues.

Previously as Director of macroeconomic research, Mr. Zveglich oversaw the preparation of the annual Asian Development Outlook and the Asian Development Outlook Update, ADB’s flagship publications forecasting economic trends in the region. He also served as Principal Planning and Policy Economist at ADB’s Strategy and Policy Department, Senior Advisor to the President, and as Deputy Country Director at the ADB’s Sri Lanka Resident Mission. Mr. Zveglich joined ADB in 1998.

Before ADB, Mr. Zveglich worked as a researcher and instructor at the Harvard Institute for International Development as part of the team providing capacity building to government officials in macroeconomic policy and management. He was also a visiting instructor at the College of William and Mary.

Mr. Zveglich earned his PhD and Master of Arts degree at Harvard University. He graduated summa cum laude in economics with an emphasis on Asian studies at Arizona State University.

Understanding Financial Inclusion
Rogelio Mercado, Jr. Economist, Regional Cooperation and Integration Division, ERCD, ADB
Bio Presentation

Rogelio Mercado is Economist at the Regional Cooperation and Integration Division of the Economic Research and Regional Cooperation Department of ADB. He contributes to various division publications and knowledge products. His research interests include capital flows, financial integration, financial stress, portfolio allocation, asset price discovery, financial inclusion, and economic convergence. Rogelio has published in international journals including Journal of Banking and Finance, Journal of International Money and Finance, Journal of Futures Markets, Review of Income and Wealth, and co-authored several book chapters.

Prior to joining the ADB in July 2020, he was a Senior Economist at the Southeast Asian Central Banks Research and Training Centre where he developed and delivered training courses on macroeconomics and monetary policy and led the publication of the SEACEN Capital Flows Monitor. He was a Lecturer in Economics at Newcastle Business School, after completing his PhD in Economics from Trinity College Dublin.

Panel Discussion:
Cyn-Young Park Director, Regional Cooperation and Integration Division, ERCD, ADB

Dr. Cyn-Young Park is Director of Regional Cooperation and Integration in the Economics Research and Regional Cooperation Department of the Asian Development Bank (ADB). During her progressive career within ADB, she has been a main author and contributor to ADB’s major publications including Asian Development Outlook (ADB’s flagship publication), Asia Capital Markets Monitor, Asia Economic Monitor, Asia Bond Monitor, and ADB Country Diagnostic Study Series. She has also participated in various global and regional forums including the G20 Development Working Group, Association of Southeast Asian Nations (ASEAN), ASEAN+3, Asia-Pacific Economic Cooperation (APEC), and Asia-Europe Meeting (ASEM). She has written and lectured extensively about the Asian economy and financial markets. Her work has been published in peer reviewed academic journals including the Journal of Banking and Finance, the Journal of Futures Markets, the Review of Income and Wealth, and the World Economy.

Prior to joining the ADB, she served as Economist (1999-2002) at the Organisation for Economic Cooperation and Development (OECD), where she contributed to the OECD Economic Outlook. She received her Ph.D. in Economics from Columbia University. She holds a Bachelor’s degree in International Economics from Seoul National University.

Peter Morgan Senior Consulting Economist, Vice Chair of Research, Asian Development Bank Institute

Peter J. Morgan is Senior Consulting Economist and Vice Chair of Research at the Asian Development Bank Institute (ADBI), and has been with ADBI since 2008. He has 23 years experience in the financial sector in Asia, most recently serving in Hong Kong as Chief Asia Economist for HSBC, responsible for macroeconomic analysis and forecasting for Asia. Previously, he served as Chief Japan Economist for HSBC, and earlier held similar positions at Merrill Lynch, Barclays de Zoete Wedd and Jardine Fleming. Prior to entering the financial industry, he was a consultant for Meta Systems Inc in Cambridge, MA, in energy and environmental analysis, and at International Business Information KK in Tokyo, in financial sector consulting. He earned his MA and PhD degrees in economics from Yale University. His research interests are in macroeconomic policy and financial sector regulation, reform, financial development, financial inclusion, fintech, financial literacy and financial education.

Mandira Sarma Associate Professor , Centre for International Trade & Development Jawaharlal Nehru University

Mandira Sarma is an Associate Professor at the Centre for International Trade and Development of School of International Studies at Jawaharlal Nehru University. Her areas of expertise include financial economics, India''s financial sector, financial inclusion, and applied econometrics. Mandira was a post-doctoral fellow at Eindhoven University of Technology in the Netherlands; visiting scientist at the Planning Unit of Indian Statistical Institute; senior fellow at Indian Council for Research on International Economic Relations, among her other previous experiences. She has written extensively on financial inclusion, formal credit, development, applied econometrics, asset inequality, and exchange market pressure. Mandira holds a doctorate in Economics and Master’s degree in Statistics.