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L'inclusion financière en Afrique subsaharienne : faits stylisés et déterminants


  • Samuel Guérineau
  • Luc Jacolin


As a main component of financial development, financial inclusion fosters economic growth in developing countries by delivering at an affordable cost a wide array of financial services to a growing share of households and small and medium-sized corporations. Financial inclusion is limited in Sub-Saharan Africa (SSA), and in particular in the Franc zone, both in terms of bank accounts (access and intensity of use) and credit. Widespread bank account access differentials according to education, age, gender, income and location are observed. The prevalence of financial exclusion in SSA reflects structural factors affecting both: the supply of financial services (cost, management of information asymmetries), demand (income and education level, possible self-exclusion) or weak regulatory environment and business climates. Like any other forms of financial development, financial inclusion implies new risks for financial stability and therefore, a strengthening of banking regulations and supervision so that public trust in the banking sector and increasing access to financial services goes hand in hand with sustainable and stable economic development. Classification JEL: G21, G28, O16, O55.

Suggested Citation

  • Samuel Guérineau & Luc Jacolin, 2014. "L'inclusion financière en Afrique subsaharienne : faits stylisés et déterminants," Revue d'économie financière, Association d'économie financière, vol. 0(4), pages 57-80.
  • Handle: RePEc:cai:refaef:ecofi_116_0057

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    Cited by:

    1. Chauvet, Lisa & Jacolin, Luc, 2017. "Financial Inclusion, Bank Concentration, and Firm Performance," World Development, Elsevier, vol. 97(C), pages 1-13.
    2. Lisa Chauvet & Luc Jacolin, 2015. "Financial Inclusion and Firms performance," Post-Print hal-01516871, HAL.
    3. repec:dau:papers:123456789/15070 is not listed on IDEAS

    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa


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