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International financial inclusion: some multidimensional determinants

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Abstract

The generalized access to financial services is a promising source of growth and social inclusion to reach ?decent life for all?, just as is conceived in the development agenda in the Millennium Declaration and ratified in the 2030 agenda for sustainable development of the United Nations. Some groups in financial terms are more excluded than others: the poor, women, youngsters, and the inhabitants of far rural communities scarcely populated, tend to face a larger number of barriers to access these services. Recently created businesses and small ones face a greater number of insuperable obstacles. This paper analyzes the recent financial inclusion in the global scope, with special emphasis on SMEs. Its importance and meaning are deeply examined; some of its determinants are presented and tested, such as credit banking, through a model based on panel data. It is found that, given some country cultural traits linked to their risk aversion and long-term vision, achieving a larger financial inclusion on the credit side, depends not only on the access channels and the characteristics of the offered products, but on different demand aspects as some socioeconomic features of their potential customers.

Suggested Citation

  • Pavón Cuéllar, Lilianne Isabel, 2018. "International financial inclusion: some multidimensional determinants," Small Business International Review, Asociación Española de Contabilidad y Administración de Empresas - AECA, vol. 2(2), pages 1-14, July.
    • Handle: RePEc:aaz:sbir01:v:2:y:2018:i:2:p:1-14
    DOI: 10.26784/sbir.v2i2.125
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    References listed on IDEAS

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    1. Mandira Sarma, 2008. "Index of Financial Inclusion," Finance Working Papers 22259, East Asian Bureau of Economic Research.
    2. -, 2016. "Horizontes 2030: la igualdad en el centro del desarrollo sostenible," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 40159 edited by Cepal, February.
    3. Mandira Sarma, "undated". "Index of Financial Inclusion," Indian Council for Research on International Economic Relations, New Delhi Working Papers 215, Indian Council for Research on International Economic Relations, New Delhi, India.
    4. World Bank, 2017. "World Development Indicators 2017," World Bank Publications - Books, The World Bank Group, number 26447, April.
    5. -, 2016. "Horizontes 2030: la igualdad en el centro del desarrollo sostenible," Documentos de posición del período de sesiones de la Comisión 40159, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. Mandira Sarma, 2008. "Index of Financial Inclusion," Working Papers id:1575, eSocialSciences.
    7. repec:ecr:col016:40116 is not listed on IDEAS
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    More about this item

    Keywords

    Financial inclusion; cultural traits; SMEs; credit;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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