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The Financial Inclusion Landscape in the Asia-Pacific Region: A Dozen Key Findings

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  • Mrs. Sarwat Jahan
  • Jayendu De
  • Mr. Fazurin Jamaludin
  • Piyaporn Sodsriwiboon
  • Cormac Sullivan

Abstract

Financial inclusion is a multidimensional concept and countries have chosen diverse methods of enhancing financial inclusion with varying degrees of results. The heterogeneity of financial inclusion is particularly striking in the Asia-Pacific region as member countries range from those that are at the cutting edge of financial technology to others that are aiming to provide access to basic financial services. The wide disparity is not only inter-country but also intra-country. The focus of this paper is to take stock of the current state of financial inclusion in the Asia-Pacific region by highlighting twelve stylized facts about the state of financial inclusion in these countries. The paper finds that the state of financial inclusion depends on several factors, but a holistic approach calibrated to specific country conditions may lead to greater financial inclusion.

Suggested Citation

  • Mrs. Sarwat Jahan & Jayendu De & Mr. Fazurin Jamaludin & Piyaporn Sodsriwiboon & Cormac Sullivan, 2019. "The Financial Inclusion Landscape in the Asia-Pacific Region: A Dozen Key Findings," IMF Working Papers 2019/079, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2019/079
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    References listed on IDEAS

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    Cited by:

    1. Seyed Alireza Athari, 2022. "Financial Inclusion, Political Risk, and Banking Sector Stability: Evidence from Different Geographical Regions," Economics Bulletin, AccessEcon, vol. 42(1), pages 99-108.
    2. Singh, Vinay Kumar & Ghosh, Sajal, 2021. "Financial inclusion and economic growth in India amid demonetization: A case study based on panel cointegration and causality," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 674-693.
    3. Compaoré, Ali, 2022. "Access-for-all to financial services: Non-resources tax revenue-harnessing opportunities in developing countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 85(C), pages 236-245.
    4. Péter Fáykiss & Ádám Nyikes & Anikó Szombati, 2022. "CBDC – an opportunity to support digital financial inclusion: Digital Student Safe in Hungary," BIS Papers chapters, in: Bank for International Settlements (ed.), CBDCs in emerging market economies, volume 123, pages 79-87, Bank for International Settlements.
    5. Ali Compaore, 2020. "Access-for-all to Financial Services: Non- resources Tax Revenue-harnessing Opportunities in Developing Countries," Working Papers hal-02901664, HAL.

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