The African financial development and financial inclusion gaps

Franklin Allen, Elena Carletti (), Robert Cull, Jun Qian, Lemma Senbet and Patricio Valenzuela

No 7019, Policy Research Working Paper Series from The World Bank

Abstract: 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.

Keywords: Economic Theory&Research; Access to Finance; Emerging Markets; Debt Markets; E-Business (search for similar items in EconPapers)
Date: 2014-09-01
New Economics Papers: this item is included in nep-afr, nep-dev and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (109)

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Related works:
Journal Article: The African Financial Development and Financial Inclusion Gaps (2014)
Working Paper: The African Financial Development and Financial Inclusion Gaps (2013)
Working Paper: The African Financial Development and Financial Inclusion Gaps (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:7019

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