Improving financial access in Africa: insights from information sharing and financial sector development

Simplice Asongu

No 17/033, Research Africa Network Working Papers from Research Africa Network (RAN)

Abstract: The study investigates interactions between information sharing offices, the coexistence of financial sub-systems and financial access. The empirical evidence is based on Quantile regressions in order to articulate countries with low, intermediate and high levels of financial access. The scope of the study is on 53 African countries for the period 2004-2011. The following main results are established. First, the positive association between “information sharing offices (ISOs)†and “formal financial sector development†consistently increases with improvements in initial levels of credit access. Second, the negative linkage between ISOs and “informal financial sector development†consistently decreases with increasing levels of credit access. In summary, we establish that the positive complementarity of ISOs and financial formalization is an increasing function of financial activity (or access to credit) whereas the negative complementarity of ISOs and financial informalization is a decreasing function of financial activity.

Keywords: Information Asymmetry; Financialization; Financial Access (search for similar items in EconPapers)
JEL-codes: G20 G29 L96 O40 O55 (search for similar items in EconPapers)
Pages: 08
Date: 2017-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (53)

Published in: Development Finance Agenda, 3(3), pp. 14-16 (2017).

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http://publications.resanet.org/RePEc/abh/abh-wpap ... ormation-sharing.pdf Revised version, 2017 (application/pdf)

Related works:
Working Paper: Improving financial access in Africa: insights from information sharing and financial sector development (2017)
Working Paper: Improving financial access in Africa: insights from information sharing and financial sector development (2017)
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