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Is There a Pecking Order in the Demand for Financial Services in Mauritius?

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  • Indranarain Ramlall

Abstract

This article probes into the distinct forces that influence the demand for financial services/products in Mauritius. The major contribution of this study is that a decomposed assessment is made with respect to the demand for financial services/products, namely, bank accounts, mobile banking, shares, life assurance policies, and treasury bills. Findings show that financial literacy matters significantly, let alone a pecking order presence with demand for bank accounts predominating over any other type of demand for financial services. Policy-wise, this article calls for ongoing efforts to improve on financial literacy for sophisticated financial products like stocks and treasury bills.

Suggested Citation

  • Indranarain Ramlall, 2014. "Is There a Pecking Order in the Demand for Financial Services in Mauritius?," Journal of African Business, Taylor & Francis Journals, vol. 15(1), pages 49-63, April.
    • Handle: RePEc:taf:wjabxx:v:15:y:2014:i:1:p:49-63
    DOI: 10.1080/15228916.2014.881230
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    References listed on IDEAS

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    1. Lusardi, Annamaria & Tufano, Peter, 2015. "Debt literacy, financial experiences, and overindebtedness," Journal of Pension Economics and Finance, Cambridge University Press, vol. 14(4), pages 332-368, October.
    2. Christelis, Dimitris & Jappelli, Tullio & Padula, Mario, 2010. "Cognitive abilities and portfolio choice," European Economic Review, Elsevier, vol. 54(1), pages 18-38, January.
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    Cited by:

    1. Lau Lilleholt, 2019. "Cognitive ability and risk aversion: A systematic review and meta analysis," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 14(3), pages 234-279, May.
    2. Indranarain Ramlall & Faadilah Mamode, 2017. "A Critical Assessment of Basel III and its Implications on the Mauritian Banking Sector," Journal of African Business, Taylor & Francis Journals, vol. 18(1), pages 70-101, January.
    3. Mats Håkan Wilhelmsson, 2017. "The effect of house prices on business start-ups: A review and analysis using Swedish regional data," REGION, European Regional Science Association, vol. 4, pages 1-16.
    4. repec:cup:judgdm:v:14:y:2019:i:3:p:234-279 is not listed on IDEAS

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