Access to finance is an important tool against poverty since it allows for the smoothing of consumption. The equality of access amongst different groups in the society is also crucial in terms of correctly allocating the positive benefits of improved financial services.
In a recent paper published in the World Bank Policy Research Working Paper Series we proposed and computed an Equity Adjusted Coverage rate (EACR) for a range of financial inclusion indicators in Turkey. This work complements the conventional coverage or use of financial services by adjusting for the equity of its coverage, on the basis of a set of `circumstances’. The characteristics or circumstances that are accounted for, in Turkey’s case, are gender, age, education, income quintile, and urban/rural.