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COVID-19 Global Pandemic, Financial Development and Financial Inclusion

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  • Ojong, Nathanael
  • Asongu, Simplice

Abstract

This chapter examines how the Covid-19 pandemic has affected financial development and financial inclusion in African countries. The study provides both broad perspectives and country-specific frameworks based on selected country cases studies. Some emphasis is placed on the achievement of sustainable development goals (SDGs) that are related to financial inclusion. The study aims to understand what immediate challenges the COVID-19 pandemic has represented to the economies and societies on the one hand and on the other, the effect of the COVID-19 on the interconnected financial systems in terms of consequences of the pandemic. The relevance of the study builds on the importance of these insights in helping both scholars and policy makers understand how the effect of the pandemic on the financial system and by extension, the global economy can be mitigated for more financial inclusion.

Suggested Citation

  • Ojong, Nathanael & Asongu, Simplice, 2021. "COVID-19 Global Pandemic, Financial Development and Financial Inclusion," MPRA Paper 111560, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:111560
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    1. Vanessa S. Tchamyou & Samba Diop & Simplice A. Asongu, 2021. "African Women Vulnerability Index (AWVI): Focus on Rural Women," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 21/008, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).

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    More about this item

    Keywords

    Covid-19 pandemic; financial development; Financial inclusion; Africa;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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