The African Financial Development and Financial Inclusion Gaps

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

Journal of African Economies, 2014, vol. 23, issue 5, 614-642

Abstract: This paper investigates the African financial development and financial inclusion gaps relative to other peer developing countries. Using a set of variables related to financial development and inclusion, we first estimate the gaps between African countries and other developing countries with similar degrees of economic development. Then, we explore the determinants of financial development and inclusion. We find that population density is considerably more important for financial development and inclusion in Africa than elsewhere. Finally, we show evidence that a recent innovation in financial services, mobile banking, has helped to overcome infrastructural problems and improve financial access.

Date: 2014
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Related works:
Working Paper: 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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