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Comparative Analysis Of Financial Inclusion In Developing Regions Around The World

Author

Listed:
  • Meldina Kokorovic Jukan

    (Faculty of Economics, University of Tuzla, Bosnia and Herzegovina)

  • Amra Softic

    (Faculty of Economics, University of Tuzla, Bosnia and Herzegovina)

Abstract

Financial inclusion is perceived as an enabler of poverty reduction around the world and today is in agenda of all policy makers in both developed and developing countries. In order to emphasize the importance of financial inclusion and provide an insight to the level of financial inclusion around the world, this paper investigates the extent of financial inclusion in different developing regions around the world. The paper investigates developing regions (Eastern, South and Central Asia, Latin America, Sub-Saharan Africa, and the Western Balkans) because population of these regions is at the highest risk of financial exclusion. Using secondary data from existing the Global Findex data base, this paper shows low levels of financial inclusion in developing regions.

Suggested Citation

  • Meldina Kokorovic Jukan & Amra Softic, 2016. "Comparative Analysis Of Financial Inclusion In Developing Regions Around The World," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 14(2), pages 56-65, November.
    • Handle: RePEc:tuz:journl:v:14:y:2016:i:2:p:56-65
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    References listed on IDEAS

    as
    1. Joanna Ledgerwood, 2013. "The New Microfinance Handbook : A Financial Market System Perspective," World Bank Publications - Books, The World Bank Group, number 12272.
    2. 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.
    3. Asli Demirguc-Kunt & Leora Klapper, 2013. "Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within Countries," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 44(1 (Spring), pages 279-340.
    4. Asli Demirguc-Kunt & Leora Klapper, 2013. "Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within Countries," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 46(1 (Spring), pages 279-340.
    5. Demirguc-Kunt,Asli & Klapper,Leora & Singer,Dorothe & Van Oudheusden,Peter, 2015. "The Global Findex Database 2014 : measuring financial inclusion around the world," Policy Research Working Paper Series 7255, The World Bank.
    6. Honohan, Patrick, 2008. "Cross-country variation in household access to financial services," Journal of Banking & Finance, Elsevier, vol. 32(11), pages 2493-2500, November.
    7. World Bank, 2014. "Global Financial Development Report 2014 : Financial Inclusion," World Bank Publications - Books, The World Bank Group, number 16238.
    8. World Bank, 2008. "Finance for All? Policies and Pitfalls in Expanding Access," World Bank Publications - Books, The World Bank Group, number 6905.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Ozili, Peterson K, 2024. "Comparative analysis of financial inclusion in Nigeria, sub-Saharan Africa and the World," MPRA Paper 121527, University Library of Munich, Germany.
    2. Daniel Elifonso Cardona Ruiz & María Camila Hoyos Alzate & Fabiola Saavedra-Caballero, 2018. "Género e inclusión financiera en Colombia," Revista Ecos de Economía, Universidad EAFIT, vol. 22(46), pages 60-90, June.

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    More about this item

    Keywords

    financial inclusion; developing regions;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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