A Conceptual Framework for Financial Inclusion and Recent Evidence for Sub-Saharan Africa

Michael King

Chapter 3 in Enacting Globalization, 2014, pp 20-32 from Palgrave Macmillan

Abstract: Abstract Access to formal financial services has the potential to help transform the lives of low-income households through three channels: the smoothing of consumption, investment in human or productive capital and the management of vulnerabilities. However, approximately 80% of the population of 11 sub-Saharan African countries do not have a formal bank account, and as a result are deemed financially excluded. This chapter uses consumer choice theory to develop a conceptual framework to help identify constraints to financial inclusion, and presents recent empirical evidence from the FinScope surveys to comparatively assess financial inclusion in sub-Saharan Africa.

Keywords: Supply Curve; Banking Service; Financial Inclusion; Physical Access; Bank Branch (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36194-3_3

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DOI: 10.1057/9781137361943_3

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