Inclusive Financial Development

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

Contents:

Preface xvi
Ahmad Hassan Ahmad, David T. Llewellyn and Victor Murinde
1 Introduction: financial inclusion – an overview of key issues 1
David T. Llewellyn
2 Public policy for financial inclusion 13
David T. Llewellyn
3 Financial sector development and financial inclusion in
Africa: gaps, challenges and policy options 28
Njuguna Ndung’u and Alex Oguso
4 Mobile money and financial inclusion: an analytical survey 52
Ahmad Hassan Ahmad, Christopher J. Green and Fei Jiang
5 The impact of financial inclusion on sectoral economic growth 76
Ayse Demir, Joseph Ajefu, Kalim Bukhari and Victor Murinde
6 Does financial liberalization accentuate financial instability? 82
Dirk Bezemer, Silke Bumann and Robert Lensink
7 The rise of cross-border pan-African banks in the WAEMU 113
Issouf Soumaré, Kouamé Désiré Kanga and Victor Murinde
8 Kenya’s interbank market liquidity access: an insight from
network topology 134
Ye Bai, Pia Weiss, Victor Murinde and Christopher J. Green
9 The coexistence of formal and informal finance: new
evidence from the use of trade finance by farmers in Chile 170
Alvaro Reyes, Robert Lensink and Niels Hermes
10 Mobile money, financial inclusion and poverty: key results
from two new surveys in Ghana 189
Fei Jiang, Carlos Sakyi-Nyarko, Ahmad Hassan Ahmad
and Christopher J. Green
11 Does bank efficiency enhance industry growth in
developing countries? 226
Ali Mirzaei and Tomoe Moore
12 Threshold effects of financial access on income inequality
in Africa: empirics and policy implications 243
Imhotep Paul Alagidede and Muazu Ibrahim
13 Government policy and financial inclusion: analyzing the
impact of the Indian national mission for financial inclusion 267
Rachel Hadar and Ronny Manos
14 Inclusive finance, financial literacy and livelihood
activities of households in Ghana 295
Mohammed Amidu, Joshua Yindenaba Abor and Haruna Issahaku
15 Concluding remarks and implications for future research 321
Ahmad Hassan Ahmad, David T. Llewellyn and
Victor Murinde

Index