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The past two decades have seen a rapid increase in interest in financial inclusion, both from policymakers and researchers. This paper surveys the main findings from the literature, documenting the trends over time and gaps that have arisen across regions, income levels, and gender, among...
Persistent link: https://www.econbiz.de/10012300650
-whether financial intermediation is performed through banks or markets-for macroeconomic volatility, against the backdrop of increased …
Persistent link: https://www.econbiz.de/10012009977
This paper offers empirical evidence that greater financial inclusion of small and medium enterprises (SMEs) can … higher for SMEs. We also obtain evidence of a substantial positive impact on SME employment and labor productivity growth …
Persistent link: https://www.econbiz.de/10012103763
sized enterprises (SMEs) with a view to create jobs and achieve inclusive growth. But while the programs have helped … increase the number of enterprises, growth of SMEs continues to face barriers to growth. As a result, microenterprises … predominate and SMEs contribution to employment remains below potential. Partial implementation of reforms explain some of the …
Persistent link: https://www.econbiz.de/10012300586
Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was crucial to the success of many SMICs historically, this growth model appears to have run its course....
Persistent link: https://www.econbiz.de/10010479340
banks' balance sheets experience less exchange-rate appreciation than countries that do not. We analyze the relationship …
Persistent link: https://www.econbiz.de/10012518905
Central banks often buy or sell reserves---so called FX interventions (FXIs)---to dampen sharp exchange rate movements …
Persistent link: https://www.econbiz.de/10012391916
This paper explores the relationship between remittances and financial inclusion for a sample of 187 countries over the period 2004-2015, using cross-country as well as dynamic panel GMM regressions. At low levels of remittances-to-GDP, these flows act as a substitute to formal financial...
Persistent link: https://www.econbiz.de/10012251374
This paper examines how financial development influences the debt dollarization of nonfinancial firms in a sample of emerging market economies (EMEs). The macroeconomic channels are identified from an optimal portfolio allocation model and assessed empirically using the accounting information of...
Persistent link: https://www.econbiz.de/10012102196
This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it...
Persistent link: https://www.econbiz.de/10012021789