Financial Inclusion: Globally Important Determinants

• Autorzy: Peterson K. Ozili
• Języki publikacji: EN

Abstrakty

EN

This paper highlights the globally-important determinants of financial inclusion. The determi-nants identified in this paper are formal account ownership; demand for formal savings; demand for formal borrowing; financial literacy and education; debit and credit card usage; the need to receive remittances from family and friends; size of the financial system; number of automated teller machines (ATMs); number of bank branches; proximity to a bank; availability and access to mobile phones; availability of digital financial products and services; technology infrastructure; government policy; culture and traditional belief systems; national financial inclusion strategy and implementation; and direct legislation. (original abstract)

Słowa kluczowe

EN

Personal finance; E-banking; Bank account; Banking card

PL

Finanse osobiste; Bankowość elektroniczna; Rachunek bankowy; Karty bankowe

• Czasopismo: e-Finanse
• Rocznik: 2021
• Tom: 17
• Numer: nr 4
• Strony: 1--11

Twórcy

autor

Peterson K. Ozili

• Central Bank of Nigeria

Bibliografia

• Ajefu, J.B., Ogebe, J.O. (2019). Migrant Remittances and Financial Inclusion Among Households in Nigeria. Oxford Development Studies, 47(3), 319-335.
• Allen, F., Demirguc-Kunt, A., Klapper, L., Peria, M.S.M. (2016). The Foundations of Financial Inclusion: Understanding Ownership and Use of Formal Accounts. Journal of Financial Intermediation, 27, 1-30.
• Alliance for Financial Inclusion (2013). Measuring Financial Inclusion Core Set of Financial Inclusion Indicators. Alliance for Financial Inclusion.
• Apramuka, B., Kusuma, P.D.I. (2020). M-Payment as Financial Inclusion Strategy in Islamic Boarding School Cooperatives. In SHS Web of Conferences (Vol. 86, p. 01040). EDP Sciences.
• Arun, T., Kamath, R. (2015). Financial Inclusion: Policies and Practices. IIMB Management Review, 27(4), 267-287.
• Bachas, P., Gertler, P., Higgins, S., Seira, E. (2018, May). Digital financial services go a long way: Transaction costs and financial inclusion. In AEA Papers and Proceedings, Vol. 108, pp. 444-48.
• Barajas, A., Beck, T., Belhaj, M., Naceur, S.B. (2020). Financial Inclusion: What Have We Learned So Far? What do we Have to Learn? International Monetary Fund Working Papers, 20(157), 1-51.
• Bhuvana, M., Vasantha, S. (2016). Drivers of Financial Inclusion to Reach out Poor. Arabian Journal of Business and Management Review, 6(4), 1-6.
• Birkenmaier, J., Despard, M., Friedline, T., Huang, J. (2019). Financial Inclusion and Financial Access. In Encyclopedia of Social Work.
• Bisht, S.S., Mishra, V. (2016). ICT-driven Financial Inclusion Initiatives for Urban Poor in a Developing Economy: Implications for Public Policy. Behaviour & Information Technology, 35(10), 817-832.
• Bongomin, G.O.C., Munene, J.C., Ntayi, J.M., Malinga, C.A. (2018). Nexus Between Financial Literacy and Financial Inclusion. International Journal of Bank Marketing 36(7), 1190-1212.
• Cabeza-Garda, L., Del Brio, E.B., Oscanoa-Victorio, M.L. (2019, November). Female Financial Inclusion and its impacts on Inclusive Economic Development. In Women's Studies International Forum (Vol. 77, p. 102300). Pergamon.
• Chai, S., Chen, Y., Huang, B., Ye, D. (2019). Social Networks and Informal Financial Inclusion in China. Asia Pacific Journal of Management, 36(2), 529-563.
• Chaia, A., Dalal, A., Goland, T., Gonzalez, M.J., Morduch, J., Schiff, R. (2009). Half the World is Unbanked. Financial Access Initiative Framing Note.
• Chakrabarty, K.C. (2011). Financial Inclusion and Banks: Issues and perspectives. RBI Bulletin, November.
• Chauvet, L., Jacolin, L. (2017). Financial Inclusion, Bank Concentration, and Firm Performance. World Development, 97, 1-13.
• Chen, Z., Jin, M. (2017). Financial Inclusion in China: Use of Credit. Journal of Family and Economic Issues, 38(4), 528 -540.
• Chikalipah, S. (2017). What Determines Financial Inclusion in Sub-Saharan Africa? African Journal of Economic and Management Studies, 8(1), 8-18.
• Collard, S., Kempson, E., Whyley, C. (2001). Tackling Financial Exclusion: An Area-Based Approach. Policy Press, Bristol.
• Cull, R., Ehrbeck, T., Holle, N. (2014). Financial Inclusion and Development: Recent impact evidence. The World Bank Research Paper, No. 88169, 1-12.
• Demirguc-Kunt, A., Klapper, L. (2012). Measuring Financial Inclusion. The Global Findex Database. The World Bank Development Research Group, 1-61.
• Demirgûç-Kunt, A., Klapper, L. (2013). Measuring Financial Inclusion: Explaining Variation in Use of Financial Services Across and within Countries. Brookings Papers on Economic Activity, 2013(1), 279-340.
• Demirguc-Kunt, A., Klapper, L., Singer, D. (2017). Financial Inclusion and Inclusive Growth: A Review of Recent Empirical Evidence. The World Bank.
• Diniz, E., Birochi, R., Pozzebon, M. (2012). Triggers and barriers to financial inclusion: The use of ICT-based branchless banking in an Amazon county. Electronic Commerce Research and Applications, 11(5), 484-494.
• Donovan, K. (2012). Mobile Money for Financial Inclusion. Information and Communications for Development, 61(1), 61-73.
• Duvendack, M., Mader, P. (2020). Impact of Financial Inclusion in Low-and Middle-income Countries: A Systematic Review of Reviews. Journal of Economic Surveys, 34(3), 594-629.
• Eldomiaty, T., Hammam, R., El Bakry, R. (2020). Institutional Determinants of Financial Inclusion: Evidence From World Economies. International Journal of Development Issues, 19(2), 217-228.
• Fungacova, Z., Weill, L. (2015). Understanding Financial Inclusion in China. China Economic Review, 34, 196-206.
• Gautam, D.P. (2019). Do Remittances Promote Financial Inclusion? In Economic and Political Institutions and Development (pp. 91-108). Springer, Cham.
• Ghosh, S. (2020). Financial Inclusion in India: Does Distance Matter? South Asia Economic Journal, 21(2), 216-238.
• Grohmann, A., Menkhoff, L. (2017). Financial Literacy Promotes Financial Inclusion in Both Poor and Rich Countries. DIW Economic Bulletin, 7(41), 399-407.
• Grohmann, A., Klühs, T., Menkhoff, L. (2018). Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence. World Development, 111, 84-96.
• Guiso, L., Sapienza, P., Zingales, L. (2004). Does Local Financial Development Matter? The Quarterly Journal of Economics, 119(3), 929-969.
• Güngen, A.R. (2018). Financial Inclusion and Policy-making: Strategy, Campaigns and Microcredit a la Turca. New Political Economy, 23(3), 331-347.
• IFAD (2015). The Use of Remittances and Financial Inclusion. A report by the International Fund for Agricultural Development and the World Bank Group to the G20 Global Partnership for Financial Inclusion, September.
• Joshi, D.P. (2014). Strategy Adopted for Financial Inclusion. In Speech Delivered at Workshop (Vol. 24).
• Kim, D.W., Yu, J.S., Hassan, M.K. (2020). The Influence of Religion and Social Inequality on Financial Inclusion. The Singapore Economic Review, 65(01), 193-216.
• Klein, M., Mayer, C. (2011). Mobile Banking and Financial Inclusion: The Regulatory Lessons. The World Bank.
• Kodongo, O. (2018). Financial Regulations, Financial Literacy, and Financial Inclusion: Insights from Kenya. Emerging Markets Finance and Trade, 54(12), 2851-2873.
• Koku, P.S. (2015). Financial Exclusion of the Poor: A Literature Review. International Journal of Bank Marketing, 33 (5), 654-668.
• Kumar, N. (2013). Financial Inclusion and its Determinants: Evidence from India. Journal of Financial Economic Policy, 5(1), 4-19.
• Lakew, T.B., Azadi, H. (2020). Financial Inclusion in Ethiopia: Is It on the Right Track? International Journal of Financial Studies, 8(2).
• Lee, E.H. (2020). Law and Code for Financial Inclusion in Hong Kong. In The 3rd Asian Private Law Workshop.
• Lenka, S.K., Barik, R. (2018). Has Expansion of Mobile Phone and Internet Use Spurred Financial Inclusion in the SAARC Countries? Financial Innovation, 4(1), 1-19.
• Levine, R. (1999). Financial Development and Economic Growth: Views and Agenda. The World Bank.
• Marshall, J.N. (2004). Financial Institutions in Disadvantaged Areas: a Comparative Analysis of Policies Encouraging Financial Inclusion in Britain and the United States. Environment and Planning A, 36(2), 241-261.
• Mas, I. (2012). The Rich Role of Mobile Phones in Financial Inclusion. Private Sector Development Blog. The World Bank. January 13.
• Mehrotra, A.N., Yetman, J. (2015). Financial Inclusion-issues for Central Banks. BIS Quarterly Review March.
• Mushtaq, R., Bruneau, C. (2019). Microfinance, Financial Inclusion and ICT: Implications for Poverty and Inequality. Technology in Society, 59, 101154.
• Naceur, S.B., Chami, R., Trabelsi, M. (2020). Do Remittances Enhance Financial Inclusion in LMICs and in Fragile States? (No. 20/66). International Monetary Fund.
• Neaime, S., Gaysset, I. (2018). Financial Inclusion and Stability in MENA: Evidence from Poverty and Inequality. Finance Research Letters, 24, 230-237.
• NCR (2017). The Role of the ATM in Driving Financial Inclusion Worldwide. An NCR white paper.
• Okello Candiya Bongomin, G., Munene, J.C. (2021). Analyzing the Relationship between Mobile Money Adoption and Usage and Financial Inclusion of MSMEs in Developing Countries: Mediating Role of Cultural Norms in Uganda. Journal of African Business, 22(1), 1-20.
• Ouma, S.A., Odongo, T.M., Were, M. (2017). Mobile Financial Services and Financial Inclusion: Is it a Boon for Savings Mobilization? Review of Development Finance, 7(1), 29-35.
• Owen, A.L., Pereira, J.M. (2018). Bank Concentration, Competition, and Financial Inclusion. Review of Development Finance, 8(1), 1-17.
• Ozili, P.K. (2018). Impact of Digital Finance on Financial Inclusion and Stability. Borsa Istanbul Review, 18(4), 329-340.
• Ozili, P.K. (2020a). Social Inclusion and Financial Inclusion: International Evidence. International Journal of Development Issues,19(2), 169-186.
• Ozili, P.K. (2020b). Theories of Financial Inclusion. In Uncertainty and Challenges in Contemporary Economic Behaviour. Emerald Publishing Limited.
• Ozili, P.K. (2020d). Comparing Digital Finance in the UK, US, India and Nigeria. Financial Internet Quarterly,16(4), 1-11.
• Ozili, P. K. (2021a). Financial Inclusion Research Around the World: A Review. Forum for social economics, 50(4), 457 -479.
• Ozili, P.K. (2021b). Financial Inclusion and Business Cycles. Journal of Financial Economic Policy, 13(2), 180-199.
• Ozili, P.K. (2021c). Banking Sector Earnings Management Using Loan Loss Provisions in the Fintech era. International Journal of Managerial Finance.
• Ozili, P.K. (2021d). Financial Inclusion: a Strong Critique. In New Challenges for Future Sustainability and Wellbeing. Emerald Publishing Limited.
• Ozili, P.K. (2021e). Has Financial Inclusion Made the Financial Sector Riskier? Journal of Financial Regulation and Compliance, 29(3), 237-255.
• Ozili, P.K. (2021f). Financial Inclusion and Legal System Quality: are They Correlated? Journal of Money and Business, 1(2), 84-101.
• Oz-Yalaman, G. (2019). Financial Inclusion and Tax Revenue. Central Bank Review, 19(3), 107-113.
• Sarma, M. (2015). Measuring Financial Inclusion. Economics Bulletin, 35(1), 604-611.
• Secretariat, F.I. (2015). Annual Report National Financial Inclusion Strategy.
• Senyo, P.K., Karanasios, S. (2020, September). How do Fintech Firms Address Financial Inclusion? In International Conference on Information Systems, India, Association for Information Systems, available at: https://aisel. aisnet. org/icis2020/societal_impact/societal_impact/7.
• Simpson, K.M. (2015). Financial Inclusion & Consumer Empowerment: US and EU Legislation & International Soft Law. Frankfurt School Verlag.
• Staschen, S., Nelson, C. (2013). The role of Government and Industry in Financial Inclusion. World Bank Publication.
• Tu, C.A., Phi, N.T.M., Yoshino, N., Sarker, T., Taghizadeh-Hesary, F. (2019). Remittance Inflows, Financial Inclusion, and Economic Development: an Empirical Analysis of the World Sample (No. 1000). ADBI Working Paper Series.
• Stänescu, C.G., Gikay, A.A. (Eds.). (2020). Discrimination, Vulnerable Consumers and Financial Inclusion: Fair Access to Financial Services and the Law. Routledge.
• Xu, X. (2020). Trust and Financial Inclusion: A Cross-country Study. Finance Research Letters, 35, 101310.
• Wale, L.E., Makina, D. (2017). Account Ownership and Use of Financial Services Among Individuals. African Journal of Economic and Management Studies, 8(1), 19-35.
• Wellalage, N.H., Locke, S. (2020). Remittance and Financial Inclusion in Refugee Migrants: Inverse Probability of Treatment Weighting Using the Propensity Score. Applied Economics, 52(9), 929-950.
• World Bank (2013). Global Financial Development Report 2014: Financial inclusion. The World Bank. https://doi.org/10.1596/9780821399859.
• Zhang, Q., Posso, A. (2019). Thinking Inside the Box: A Closer Look at Financial Inclusion and Household Income. The Journal of Development Studies, 55(7), 1616-1631.
• Zins, A., Weill, L. (2016). The Determinants of Financial Inclusion in Africa. Review of Development Finance, 6(1), 46-57.

Identyfikatory

DOI

10.2478/fiqf-2021-0023