The Experts below are selected from a list of 43896 Experts worldwide ranked by ideXlab platform
Nicola Jentzsch - One of the best experts on this subject based on the ideXlab platform.
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Financial Inclusion and Financial integrity aligned incentives
World Development, 2013Co-Authors: Louis De Koker, Nicola JentzschAbstract:Summary The Financial Action Task Force embraces Financial Inclusion as complementary to anti-money laundering and counter-terrorist financing, as it enhances transparency. This support is based on the premise that the increased use of formal Financial services leads to a reduction of usage of informal services. We present evidence on eight African countries that both are not negatively associated. Moreover, informal employment and cash preference reduce the inclination to use mobile Financial services. If an increase in transparency acts as disincentive to use formal services, the alignment of Financial Inclusion and integrity will fail.
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Financial Inclusion and Financial integrity aligned incentives
Shadow 2011 : The shadow economy tax evasion and money laundering : Proceedings of the 2011 Shadow conference, 2011Co-Authors: Louis De Koker, Nicola JentzschAbstract:A large percentage of the population in developing countries saves, remits money or accesses credit using informal Financial services. Financial Inclusion initiatives aim to expand the reach and attractiveness of formal Financial services. Recently, the Financial Action Task Force embraced Financial Inclusion as complementary to anti-money laundering and counter-terrorist financing as it enhances Financial transparency. Analyzing preliminary data from FinScope surveys on eight African countries we argue that an increase in access to formal services does not automatically imply an immediate and corresponding reduction of usage of informal services, especially as many individuals use informal and formal services in parallel. We consider customer trade-offs regarding the use of formal and informal services especially considering transparency as a potential disincentive to use formal services. The alignment of Financial Inclusion and integrity will fail where customers are apprehensive about increased transparency.
Satya R. Chakravarty - One of the best experts on this subject based on the ideXlab platform.
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Financial Inclusion in India: An axiomatic approach
Journal of Policy Modeling, 2013Co-Authors: Satya R. ChakravartyAbstract:In this paper we first develop an axiomatic measure of Financial Inclusion. This measure is readily implementable and useful to determine policy priorities to promote Financial Inclusion. Next, we demonstrate that supply side data on banking services can be usefully employed to measure Financial Inclusion. Third, we examine the effects of major banking policies on Financial Inclusion across states in India during 1972–2009, using panel data econometrics techniques. We find that the social-banking policy has played crucial role to foster Financial Inclusion across states in India during 1977–1990. Thereafter, the move toward pro-market Financial sector reform has adversely affected the pace of Financial Inclusion. This paper identifies geographic penetration of banks and credit availability as two policy targets to foster Financial Inclusion in India.
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measuring Financial Inclusion an axiomatic approach
2012Co-Authors: Satya R. Chakravarty, Rupayan PalAbstract:This paper clearly demonstrates that the axiomatic measurement approach developed in the human development literature can be usefully applied to the measurement of Financial Inclusion. A conceptual framework for aggregating data on Financial services in different dimensions is developed. The suggested index of Financial Inclusion allows calculation of percentage contributions of different dimensions to the overall achievement. This in turn enables us to identify the dimensions of Inclusion that are more/less susceptible to overall Inclusion and hence to isolate the dimensions that deserve attention from a policy perspective. The paper also illustrates the index using cross-country and sub-national level data.
Louis De Koker - One of the best experts on this subject based on the ideXlab platform.
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Financial Inclusion and Financial integrity aligned incentives
World Development, 2013Co-Authors: Louis De Koker, Nicola JentzschAbstract:Summary The Financial Action Task Force embraces Financial Inclusion as complementary to anti-money laundering and counter-terrorist financing, as it enhances transparency. This support is based on the premise that the increased use of formal Financial services leads to a reduction of usage of informal services. We present evidence on eight African countries that both are not negatively associated. Moreover, informal employment and cash preference reduce the inclination to use mobile Financial services. If an increase in transparency acts as disincentive to use formal services, the alignment of Financial Inclusion and integrity will fail.
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Financial Inclusion and Financial integrity aligned incentives
Shadow 2011 : The shadow economy tax evasion and money laundering : Proceedings of the 2011 Shadow conference, 2011Co-Authors: Louis De Koker, Nicola JentzschAbstract:A large percentage of the population in developing countries saves, remits money or accesses credit using informal Financial services. Financial Inclusion initiatives aim to expand the reach and attractiveness of formal Financial services. Recently, the Financial Action Task Force embraced Financial Inclusion as complementary to anti-money laundering and counter-terrorist financing as it enhances Financial transparency. Analyzing preliminary data from FinScope surveys on eight African countries we argue that an increase in access to formal services does not automatically imply an immediate and corresponding reduction of usage of informal services, especially as many individuals use informal and formal services in parallel. We consider customer trade-offs regarding the use of formal and informal services especially considering transparency as a potential disincentive to use formal services. The alignment of Financial Inclusion and integrity will fail where customers are apprehensive about increased transparency.
David Hadley - One of the best experts on this subject based on the ideXlab platform.
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Effect of Financial Inclusion on Poverty and Vulnerability to Poverty: Evidence Using a Multidimensional Measure of Financial Inclusion
Social Indicators Research, 2020Co-Authors: Isaac Koomson, Renato A. Villano, David HadleyAbstract:This study examines the effect of Financial Inclusion on poverty and vulnerability to poverty of Ghanaian households. Using data extracted from the seventh round of the Ghana Living Standards Survey in 2016/17, a multiple correspondence analysis is employed to generate a Financial Inclusion index, and three-stage feasible least squares is used to estimate households’ vulnerability to poverty. Endogeneity associated with Financial Inclusion is resolved using distance to the nearest bank as an instrument in an instrumental variables probit technique. Results showed that while 23.4% of Ghanaians are considered poor, about 51% are vulnerable to poverty. We found that an increase in Financial Inclusion has two effects on household poverty. First, it is associated with a decline in a household’s likelihood of being poor by 27%. Second, it prevents a household’s exposure to future poverty by 28%. Female-headed households have a greater chance of experiencing a larger reduction in poverty and vulnerability to poverty through enhanced Financial Inclusion than do male-headed households. Furthermore, Financial Inclusion reduces poverty and vulnerability to poverty more in rural than in urban areas. Governments are encouraged to design or enhance policies that provide an enabling environment for the private sector to innovate and expand Financial services to more distant places. Government investment in, and regulation of, the mobile money industry will be a necessary step to enhancing Financial Inclusion in developing countries.
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effect of Financial Inclusion on poverty and vulnerability to poverty evidence using a multi dimensional measure of Financial Inclusion
Social Science Research Network, 2020Co-Authors: Isaac Koomson, Renato Villano, David HadleyAbstract:This study examines the effect of Financial Inclusion on poverty and vulnerability to poverty of Ghanaian households. Using data extracted from the seventh round of the Ghana Living Standards Survey in 2016/17, a multiple correspondence analysis is employed to generate a Financial Inclusion index, and three-stage feasible least squares is used to estimate households’ vulnerability to poverty. Endogeneity associated with Financial Inclusion is resolved using distance to the nearest bank as an instrument in an instrumental variables probit technique. Results showed that while 23.4 percent of Ghanaians are considered poor, about 51 percent are vulnerable to poverty. We found that an increase in Financial Inclusion has two effects on household poverty. First, it is associated with a decline in a household’s likelihood of being poor by 27 percent. Second, it prevents a household’s exposure to future poverty by 28 percent. Female-headed households have a greater chance of experiencing a larger reduction in poverty and vulnerability to poverty through enhanced Financial Inclusion than do male-headed households. Furthermore, Financial Inclusion reduces poverty and vulnerability to poverty more in rural than in urban areas. Governments are encouraged to design or enhance policies that provide an enabling environment for the private sector to innovate and expand Financial services to more distant places. Government investment in, and regulation of, the mobile money industry will be a necessary step to enhancing Financial Inclusion in developing countries.
Kabir M Hassan - One of the best experts on this subject based on the ideXlab platform.
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Financial Inclusion and economic growth in oic countries
Research in International Business and Finance, 2018Co-Authors: Jungsuk Yu, Kabir M HassanAbstract:This paper examines the relationship between Financial Inclusion and economic growth in Organization of Islamic Cooperation (OIC) countries. In order to draw multilateral results, we have set up the panel data for 55 OIC countries and estimated not only the dynamic panel estimation, but also the panel VAR, IRFs, and panel Granger causality tests. Based on the results of dynamic panel estimations, we find that Financial Inclusion has a positive effect on economic growth. The IFRs results derived from the panel VAR analysis suggest that Financial Inclusion has positive effects on the economic growth and Financial Inclusion and economic growth have mutual causalities with each other based on the panel Granger causality tests. Therefore, it seems reasonable to conclude that Financial Inclusion has positive effect on the economic growth in OIC countries.