The African Financial Development and Financial Inclusion Gaps

The African Financial Development and Financial Inclusion Gaps

Author: 
Allen, Franklin
Publisher: 
Oxford University Press (OUP)
Date published: 
2014
Record type: 
Region: 
Responsibility: 
Carletti, Elena, jt. author [etal]
Journal Title: 
Journal of African Economies
Source: 
Journal of African Economies, Vol. 23, No. 5, November 2014, pp. 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.

Language: 

CITATION: Allen, Franklin. The African Financial Development and Financial Inclusion Gaps . : Oxford University Press (OUP) , 2014. Journal of African Economies, Vol. 23, No. 5, November 2014, pp. 614-642 - Available at: https://library.au.int/african-financial-development-and-financial-inclusion-gaps-8