Financial Inclusion and Development in the CEMAC

32 Pages Posted: 3 Feb 2016

See all articles by Adrian Alter

Adrian Alter

International Monetary Fund

Boriana Yontcheva

International Monetary Fund (IMF) - IMF Institute

Date Written: November 2015

Abstract

This paper examines financial inclusion and development in the CEMAC. We explore the level of financial inclusion in the CEMAC through a benchmarking exercise.We construct a measure of financial development gap and analyze its determinants. Using panel data regressions, we find that inflation, income, and natural resources explain most of the financial development level but that better financial sector governance and stronger economic governance are positively associated with financial sector development. Richer and poorer countries can be equally far from their expected financial development levels. Finally, we use a benchmarking exercise to identify countries that have successfully reduced the financial development gap and propose policy measures that CEMAC countries could use to boost financial inclusion.

Keywords: financial inclusion, financial development gap, benchmarking, gdp, credit, variables, Government Policy and Regulation,

JEL Classification: G18, G21

Suggested Citation

Alter, Adrian and Yontcheva, Boriana, Financial Inclusion and Development in the CEMAC (November 2015). IMF Working Paper No. 15/235, Available at SSRN: https://ssrn.com/abstract=2727180

Adrian Alter (Contact Author)

International Monetary Fund ( email )

700 19th St NW
Washington, DC 20431
United States

Boriana Yontcheva

International Monetary Fund (IMF) - IMF Institute ( email )

700 19 th Street NW
Washington, DC 20431
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
55
Abstract Views
414
rank
403,914
PlumX Metrics