Monetary policy transmission mechanisms and financial inclusion in West Africa countries

Biliqees Ayoola Abdulmumin and Doris Oluwatosin Adeoti

E-Forum Working Papers, 2026, vol. 16, issue 1, 19-27

Abstract: The purpose of the study was to examine the influence of monetary policy on financial inclusion in sixteen West African countries using panel data from the International Monetary Fund database covering 2010-2021. Financial inclusion was measured through a composite index generated via principal component analysis, incorporating indicators of financial institution penetration, availability, and usage. As a result, the following indicators were determined: money supply (MS, β = 2.948901, p

Keywords: cash reserve ratio; open market operations; liquidity ratio; money supply; reserve money (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:cuc:eforum:v:16:y:2026:i:1:p:19-27

DOI: 10.62763/ef/1.2026.19

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