Description
Book SynopsisInclusive Financial Development provides theoretical and empirical analyses of the nature of financial inclusion. The contributing authors explore the impediments to inclusion that exist around the world, the macro and stability implications, and the regulation dimension.
With contributions from distinguished researchers, this book covers the main analytical and empirical issues in financial inclusion and its role in economic development. Chapters present a wide range of case studies illustrating topics such as mobile money, financial liberalization and bank efficiency, as well as highlighting the costs associated with financial exclusion and the various policy and regulatory measures that have been applied to lower the barriers to inclusion.
Offering a comprehensive exploration of financial inclusion and its impediments, this important book will be welcomed by students, researchers and policy makers interested in economic development and financial regulation.
Trade Review‘A great collection of contributions that analyse the different facets of financial inclusion in the developing world and that will push out the frontier of knowledge.’ -- Thorsten Beck, European University Institute, Florence, Italy
‘Ahmad, Llewellyn and Murinde have edited a timely volume on access to finance and financial and economic development. At its core are thirteen contributions, many on African countries, resulting from research funded by the ESRC and the FDCO; with invited studies of other countries included. Progress from mobile money to information technology enabled financial intermediation is mapped and its impact gauged. Policy implications are that entry by, suitably regulated, technologically advanced financial institutions should be facilitated, and responsible banking fostered.’ -- Andrew Mullineux, University of Birmingham, UK
‘For researchers and policy makers, this book is a true gold mine, not for the answers it offers, but for the critical questions it raises about the potential of financial inclusion to propel developing economies to higher levels of growth while ensuring that no citizen is left behind in the modernization process. The chapters offer compelling evidence on the role of financial inclusion as a potent tool for equitable development and leapfrogging in the developing world. The volume is of great interest for instructors and students of finance and economic development.’ -- Léonce Ndikumana, University of Massachusetts, Amherst, US
Table of ContentsContents: Preface xvi Ahmad Hassan Ahmad, David T. Llewellyn and Victor Murinde 1 Introduction: financial inclusion – an overview of key issues 1 David T. Llewellyn 2 Public policy for financial inclusion 13 David T. Llewellyn 3 Financial sector development and financial inclusion in Africa: gaps, challenges and policy options 28 Njuguna Ndung’u and Alex Oguso 4 Mobile money and financial inclusion: an analytical survey 52 Ahmad Hassan Ahmad, Christopher J. Green and Fei Jiang 5 The impact of financial inclusion on sectoral economic growth 76 Ayse Demir, Joseph Ajefu, Kalim Bukhari and Victor Murinde 6 Does financial liberalization accentuate financial instability? 82 Dirk Bezemer, Silke Bumann and Robert Lensink 7 The rise of cross-border pan-African banks in the WAEMU 113 Issouf Soumaré, Kouamé Désiré Kanga and Victor Murinde 8 Kenya’s interbank market liquidity access: an insight from network topology 134 Ye Bai, Pia Weiss, Victor Murinde and Christopher J. Green 9 The coexistence of formal and informal finance: new evidence from the use of trade finance by farmers in Chile 170 Alvaro Reyes, Robert Lensink and Niels Hermes 10 Mobile money, financial inclusion and poverty: key results from two new surveys in Ghana 189 Fei Jiang, Carlos Sakyi-Nyarko, Ahmad Hassan Ahmad and Christopher J. Green 11 Does bank efficiency enhance industry growth in developing countries? 226 Ali Mirzaei and Tomoe Moore 12 Threshold effects of financial access on income inequality in Africa: empirics and policy implications 243 Imhotep Paul Alagidede and Muazu Ibrahim 13 Government policy and financial inclusion: analyzing the impact of the Indian national mission for financial inclusion 267 Rachel Hadar and Ronny Manos 14 Inclusive finance, financial literacy and livelihood activities of households in Ghana 295 Mohammed Amidu, Joshua Yindenaba Abor and Haruna Issahaku 15 Concluding remarks and implications for future research 321 Ahmad Hassan Ahmad, David T. Llewellyn and Victor Murinde Index
