This study analyzes the drivers of the use of formal vs. informal financial services in emerging and developing countries using the 2017 Global FINDEX data. In particular, we investigate whether individuals’ choice of financial services correlates with macro-financial and macro-structural policies and conditions, in addition to individual and country characteristics. We start our analysis on middle and low-income countries, and then zoom in on sub-Saharan Africa, currently the region that most relies on informal financial services, and which has the largest uptake of mobile banking. We find robust evidence of an association between macroprudential policies and individuals’ choice of financial access after controlling for personal and country-level characteristics. In particular, macroprudential policies aimed at controlling credit supply seem to be associated with greater resort to informal financial services compared with formal, bank-based access. This highlights the importance for central bankers and financial sector regulators to consider the potential spillovers of monetary policy and financial stability measures on financial inclusion.
The Lama Yeshe Wisdom Archive (LYWA) is the collected works of Lama Thubten Yeshe and Kyabje Lama Thubten Zopa Rinpoche. The Archive was founded in 1996 by Lama Zopa Rinpoche, its spiritual director, to make available in various ways the teachings it contains. In this book, Lama Zopa Rinpoche teaches on one of his favorite topicscompassion. He tells us that compassion for others is the best way to overcome any obstacles we encounter, in our Dharma practice, or occupation and life itself, and the best medicine for treating any illness we experience. However, these teachings are not limited to compassion. Rinpoche also explains emptiness, karma and many other essential Buddhist subjects. As ever, his teachings are clear, relevant, humorous and directa perfect guide to making our lives meaningful.
For the first time ever, Nobel Peace Prize Laureate His Holiness the Dalai Lama addresses children directly, sharing lessons of peace and compassion, told through stories of his own childhood. One of today's most inspiring world leaders was once an ordinary child named Lhamo Thondup. In a small village in Tibet, his mother was his first great teacher of compassion. In everyday moments from his childhood, young readers begin to see that important lessons are all around us, and that they, too, can grow to truly understand them. With simple, powerful text, the Dalai Lama shares the universalist teachings of treating one another with compassion, which Bao Luu illustrates beautifully in vibrant color. In an increasingly confusing world, The Seed of Compassion offers guidance and encouragement on how we all might bring more kindness to it.
In this accessible and important follow up to The Art of Happiness His Holiness the Dalai Lama teaches us how to live a happier and more spiritual life by fostering compassion and wisdom. Filled with his trademark honesty and warmth, this book explains how practically applying the values of Buddhism can help you find answers to both the everyday problems we face - relationships, health, work and happiness - and the major issues and changes facing humanity today including globalisation, technology and terrorism. Drawn from the Dalai Lama's teachings during his fourth visit to Australia and New Zealand, which focused on gaining strength through compassion, Lighting the Path reminds us that we each have the ability to change our own life for the better, and the power to improve the lives of others as well. Explaining the central tenets of Buddhism, including the Four Noble Truths, Atisha's Lamp for the Path of Enlightenment and the Eight Verses of Mind Training, this book will give you the practical guidance you need to deal with life's challenges and help you develop inner peace.
Follows the childhood of the 14th Dalai Lama from his simple life in a mountain village to the thousand-room Potala Palace and his perilous escape into exile.
The fourteenth Dalai Lama of Tibet offers his views on world peace and environmental responsibility in a collection of essays accompanied by photographs of his beloved Tibet
Sayings, prayers and stories drawn from the life and teachings of the Dalai Lama - one of the world's greatest spiritual teachers - are collected in this volume as reflections for each day of the year.
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