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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The African financial development and financial inclusion gaps
Editor:Allen, FranklinISNI
Periodical:Journal of African Economies (ISSN 0963-8024)
Geographic terms:Africa
developing countries
Subjects:economic development
financial market
External link:https://doi.org/10.1093/jae/eju015
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, the authors first estimate the gaps between African countries and other developing countries with similar degrees of economic development. Then, they explore the determinants of financial development and inclusion. The authors find that population density is considerably more important for financial development and inclusion in Africa than elsewhere. Finally, they show evidence that a recent innovation in financial services, mobile banking, has helped to overcome infrastructural problems and improve financial access. App., bibliogr., notes, ref., sum. [Journal abstract]