Topic
Financial inclusion
About: Financial inclusion is a research topic. Over the lifetime, 5578 publications have been published within this topic receiving 49723 citations.
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TL;DR: In this article, the determinants of financial inclusion in Africa were examined using the World Bank's Global Findex database on 37 African countries to perform probit estimations and they found that being a man, richer, more educated and older favor financial inclusion with a higher influence of education and income.
352 citations
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TL;DR: This article proposed an index of financial inclusion (IFI) which is a multi-dimensional index that captures information on various dimensions of inclusion in one single digit lying between 0 and 1, where 0 denotes complete financial exclusion and 1 indicates complete financial inclusion in an economy.
Abstract: The promotion of an inclusive financial system is considered a policy priority in many countries While the importance of financial inclusion is widely recognized, the literature lacks a comprehensive measure that can be used to measure the extent of financial inclusion across economies This paper attempts to fill this gap by proposing an index of financial inclusion (IFI) The IFI is a multi-dimensional index that captures information on various dimensions of financial inclusion in one single digit lying between 0 and 1, where 0 denotes complete financial exclusion and 1 indicates complete financial inclusion in an economy The proposed index is easy to compute and is comparable across countries
345 citations
TL;DR: In this paper, the key pillars of FI are outlined, and several international cases are discussed to extract lessons learned, and explanatory FI models are presented Given the current global financial crisis, the need to scale-up FI efforts is now more imperative than at any other time in recent history.
Abstract: Although the chosen and conventional approaches to tackling poverty and other millennium development goals (MDGs) are useful and necessary, they are not sufficient to address the challenge Financial inclusion (FI) offers incremental and complementary solutions to tackle poverty, to promote inclusive development and to address the MDGs This treatise is advanced in the following ways: (i) based on the FI-poverty reduction (PR)-MDG nexus, and supported by field research and related literature, the key pillars of FI are outlined; (ii) several international cases are discussed to extract lessons learned; and (iii) explanatory FI models are presented Given the current global financial crisis, the need to scale-up FI efforts is now more imperative than at any other time in recent history This paper also offers potentially useful approaches to planning, policy-making and programming in order to strengthen the FI-PR-MDG nexus
337 citations
TL;DR: The proportion of the population that is supposed to be covered by health insurance schemes or by national or subnational health services is a poor indicator of financial protection and what is required is increasing the share of total health expenditure that is prepaid, particularly through taxes and mandatory contributions.
336 citations
TL;DR: In this paper, the authors examined the relationship between financial inclusion and economic growth in Organization of Islamic Cooperation (OIC) countries and found that financial inclusion has a positive effect on economic growth.
317 citations