The African Financial Development and Financial Inclusion Gaps
This paper investigates the African financial development and financial inclusion gaps relative to other peer developing countries. The paper uses a set of variables related to financial development and inclusion. It first estimates the gaps betwee...
| Main Authors: | , , , , , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank Group, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/09/20167905/african-financial-development-financial-inclusion-gaps http://hdl.handle.net/10986/20341 |
| Summary: | This paper investigates the African
financial development and financial inclusion gaps relative
to other peer developing countries. The paper uses a set of
variables related to financial development and inclusion. It
first estimates the gaps between African countries and other
developing countries with similar degrees of economic
development. Then, it explores the determinants of financial
development and inclusion. The analysis finds that
population density is considerably more important for
financial development and inclusion in Africa than
elsewhere. Finally, the paper shows evidence that a recent
innovation in financial services, mobile banking, has helped
to overcome infrastructural problems and improve financial access. |
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