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Monetary policy transmission mechanisms and financial inclusion in West Africa countries

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  • Biliqees Ayoola Abdulmumin
  • Doris Oluwatosin Adeoti

Abstract

The purpose of the study was to examine the influence of monetary policy on financial inclusion in sixteen West African countries using panel data from the International Monetary Fund database covering 2010-2021. Financial inclusion was measured through a composite index generated via principal component analysis, incorporating indicators of financial institution penetration, availability, and usage. As a result, the following indicators were determined: money supply (MS, β = 2.948901, p

Suggested Citation

  • Biliqees Ayoola Abdulmumin & Doris Oluwatosin Adeoti, 2026. "Monetary policy transmission mechanisms and financial inclusion in West Africa countries," E-Forum Working Papers, Economic Forum, vol. 16(1), pages 19-27, March.
    • Handle: RePEc:cuc:eforum:v:16:y:2026:i:1:p:19-27
    DOI: https://doi.org/10.62763/ef/1.2026.19
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    References listed on IDEAS

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