Ensuring access to and usage of formal financial services through digital devices can be referred to as "digital financial inclusion" (DFI). In recent years, there has been a growing trend in the use of financial services, including money transfers through mobile phones. This study applies...

This article empirically analyzes the role of finance in economic growth in Sub-Saharan Africa from the perspective of what is termed herein “financial permeation”. By estimating panel data on 37 countries in Sub-Saharan Africa between 2004 and 2010, we examine whether financial permeation...

Purpose: This paper aims to investigate the impacts of financial development through commercial banks on poverty conditions in India. Design/methodology/approach: Using unbalanced panel data for Indian states and union territories from 1973 to 2004, and applying the generalized method of...

This paper empirically analyzes India’s money demand function during the period of 1980 to 2007 using monthly data and the period of 1976 to 2007 using annual data. Cointegration test results indicated that when money supply is represented by M1 and M2, a cointegrating vector is detected...

This paper examines the causalities in mean and variance between stock returns and foreign institutional investment (FII) in India. The analysis in this paper applies the cross-correlation function approach from Cheung and Ng (1996), and uses daily data from January 1999 to March 2008 divided...