Discussing Measures of Financial Inclusion for the Main Euro Area Countries

Giorgio Nuzzo () and Stefano Piermattei
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Giorgio Nuzzo: Bank of Italy

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2020, vol. 148, issue 3, No 4, 765-786

Abstract: Abstract Since financial inclusion has become a policy target in many countries, properly measuring it is crucial. Usual indexes of financial inclusion include inappropriate variables and don’t take into account other relevant aspects, thus misrepresenting the phenomenon. In this work we focus on the diffusion of electronic cards, generally not included in the usual indexes of financial inclusion notwithstanding they provide alternatives to usual saving practices and allow less costly transactions across larger markets and wider geographic areas. We show that, taking these instruments into account, the comparative valuation of the degree of financial inclusion between the main euro area countries changes substantially. We also employ survey data to analyze cross-country differences in the degree of financial inclusion and the distribution of multidimensional deprivations of specific sub-groups of populations.

Keywords: Financial inclusion; Payment instruments; Electronic cards (search for similar items in EconPapers)
JEL-codes: G20 G41 I22 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (5)

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DOI: 10.1007/s11205-019-02223-8

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