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E-raamat: Inclusive Financial Development

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Inclusive 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.

Inclusive 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.

Arvustused

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

List of contributors
vii
Preface xvi
Ahmad Hassan Ahmad
David T. Llewellyn
Victor Murinde
1 Introduction: financial inclusion -- an overview of key issues
1(12)
David T. Llewellyn
2 Public policy for financial inclusion
13(15)
David T. Llewellyn
3 Financial sector development and financial inclusion in Africa: gaps, challenges and policy options
28(24)
Njuguna Ndung'u
Alex Oguso
4 Mobile money and financial inclusion: an analytical survey
52(24)
Ahmad Hassan Ahmad
Christopher J. Green
Fei Jiang
5 The impact of financial inclusion on sectoral economic growth
76(6)
Ayse Demir
Joseph Ajefu
Kalim Bukhari
Victor Murinde
6 Does financial liberalization accentuate financial instability?
82(31)
Dirk Bezemer
Silke Bumann
Robert Lensink
7 The rise of cross-border pan-African banks in the WAEMU
113(21)
Issouf Soumare
Kouame Desire Kanga
Victor Murinde
8 Kenya's interbank market liquidity access: an insight from network topology
134(36)
Ye Bai
Pia Weiss
Victor Murinde
Christopher J. Green
9 The coexistence of formal and informal finance: new evidence from the use of trade finance by farmers in Chile
170(19)
Alvaro Reyes
Robert Lensink
Niels Hermes
10 Mobile money, financial inclusion and poverty: key results from two new surveys in Ghana
189(35)
Fei Jiang
Carlos Sakyi-Nyarko
Ahmad Hassan Ahmad
Christopher J. Green
11 Does bank efficiency enhance industry growth in developing countries?
224(17)
Ali Mirzaei
Tomoe Moore
12 Threshold effects of financial access on income inequality in Africa: empirics and policy implications
241(24)
Imhotep Paul Alagidede
Muazu Ibrahim
13 Government policy and financial inclusion: analyzing the impact of the Indian national mission for financial inclusion
265(28)
Rachel Hadar
Ronny Manos
14 Inclusive finance, financial literacy and livelihood activities of households in Ghana
293(26)
Mohammed Amidu
Joshua Yindenaba Abor
Haruna Issahaku
15 Concluding remarks and implications for future research
319(4)
Ahmad Hassan Ahmad
David T. Llewellyn
Victor Murinde
Index 323
Edited by Ahmad Hassan Ahmad, School of Business and Economics, Loughborough University, David T. Llewellyn, Emeritus Professor of Money and Banking, Loughborough University and Victor Murinde, AXA Professor in Global Finance, School of Finance and Management, SOAS University of London, UK