While financial inclusion is typically addressed by improving the financial infrastructure we show that financial literacy, representing the demand-side of financial markets, also has a beneficial effect. We study this effect at the cross-country level, which allows to consider institutional...

The main goal of the research is to study what financial inclusion is and analyse its current status in the Azerbaijani economy. To that end, the monography analyses infrastructural elements to be shaped to make financial resources and services available, and the potential to deepen financial...