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Information Asymmetry, Financialisation and Financial Access

Simplice Asongu () and Nicholas Odhiambo ()

No 18/019, Research Africa Network Working Papers from Research Africa Network (RAN)

Abstract: This study investigates whether information sharing channels that are meant to reduce information asymmetry have led to an increase in financial access. The study employs a Generalised Method of Moments technique using data from 53 African countries during the period from 2004-2011 to examine this linkage. Information sharing channels are theoretically designed to promote the formal financial sector and discourage the informal financial sector. The study uses two information sharing channels: private credit bureaus and public credit registries. The study found that both information sharing channels have a positive and significant impact on financial access. The study also found that public credit registries complement the formal financial sector to promote financial access. The policy implications are discussed.

Keywords: Information asymmetry; Financialisation; Financial Access; Africa (search for similar items in EconPapers)
JEL-codes: G20 G29 L96 O40 O55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cfn and nep-iue
Date: 2018-01
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Forthcoming: International Finance

Downloads: (external link)
http://publications.resanet.org/RePEc/abh/abh-wpap ... Financial-Access.pdf Revised version, 2018 (application/pdf)

Related works:
Journal Article: Information asymmetry, financialization, and financial access (2018) Downloads
Working Paper: Information Asymmetry, Financialisation and Financial Access (2018) Downloads
Working Paper: Information Asymmetry, Financialisation and Financial Access (2018) Downloads
Working Paper: INFORMATION ASYMMETRY, FINANCIALISATION AND FINANCIAL ACCESS (2018) Downloads
Working Paper: Information Asymmetry, Financialisation and Financial Access (2018) Downloads
Working Paper: Information asymmetry, financialisation and financial access (2018) Downloads
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