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.
'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
Contributors: Joshua Yindenaba Abor, Ahmad Hassan Ahmad, Joseph Ajefu, Imhotep Paul Alagidede, Mohammed Amidu, Ye Bai, Dirk Bezemer, Kalim Bukhari, Silke Bumann, Ayse Demir, Christopher J. Green, Rachel Hadar, Niels Hermes, Muazu Ibrahim, Haruna Issahaku, Fei Jiang, Desire Kouamé Kanga, Robert Lensink, David T. Llewellyn, Ronny Manos, Ali Mirzaei, Victor Murinde, Njuguna Ndung'u, Alex Oguso, Alvaro Reyes, Carlos Sakyi-Nyarko, Issouf Soumaré, Pia Weiss.
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.