Financial inclusion and development in the CEMAC /

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Bibliographic Details
Author / Creator:Alter, Adrian, (IMF staff), author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2015.
Description:1 online resource (31 pages) : color illustrations.
Language:English
Series:IMF working paper ; WP/15/235
IMF working paper ; WP/15/235.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12505570
Hidden Bibliographic Details
Other authors / contributors:Yontcheva, Boriana, (IMF staff), author.
International Monetary Fund. African Department.
ISBN:1484317556
9781484317556
ISSN:1018-5941
Notes:"November 2015."
"African Department."
Includes bibliographical references (pages 21-22).
Online resource; title from pdf title page (IMF.org Web site, viewed November 10, 2015).
Summary:This paper examines financial inclusion and development in the CEMAC. We explore the level of financial inclusion in the CEMAC through a benchmarking exercise. We construct a measure of financial development gap and analyze its determinants. Using panel data regressions, we find that inflation, income, and natural resources explain most of the financial development level but that better financial sector governance and stronger economic governance are positively associated with financial sector development. Richer and poorer countries can be equally far from their expected financial development levels. Finally, we use a benchmarking exercise to identify countries that have successfully reduced the financial development gap and propose policy measures that CEMAC countries could use to boost financial inclusion. --Abstract.
Standard no.:10.5089/9781484317556.001

MARC

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245 1 0 |a Financial inclusion and development in the CEMAC /  |c prepared by Adrian Alter and Boriana Yontcheva. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2015. 
300 |a 1 online resource (31 pages) :  |b color illustrations. 
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500 |a "November 2015." 
500 |a "African Department." 
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520 |a This paper examines financial inclusion and development in the CEMAC. We explore the level of financial inclusion in the CEMAC through a benchmarking exercise. We construct a measure of financial development gap and analyze its determinants. Using panel data regressions, we find that inflation, income, and natural resources explain most of the financial development level but that better financial sector governance and stronger economic governance are positively associated with financial sector development. Richer and poorer countries can be equally far from their expected financial development levels. Finally, we use a benchmarking exercise to identify countries that have successfully reduced the financial development gap and propose policy measures that CEMAC countries could use to boost financial inclusion. --Abstract. 
588 0 |a Online resource; title from pdf title page (IMF.org Web site, viewed November 10, 2015). 
610 2 0 |a Communauté économique et monétaire de l'Afrique centrale. 
610 2 7 |a Communauté économique et monétaire de l'Afrique centrale.  |2 fast  |0 (OCoLC)fst00745744 
650 0 |a Financial services industry  |z Africa, Central. 
650 0 |a Economic development  |z Africa, Central. 
651 0 |a Africa, Central  |x Economic policy. 
651 6 |a Afrique centrale  |x Politique économique. 
650 7 |a Economic development.  |2 fast  |0 (OCoLC)fst00901785 
650 7 |a Economic policy.  |2 fast  |0 (OCoLC)fst00902025 
650 7 |a Financial services industry.  |2 fast  |0 (OCoLC)fst00924738 
651 7 |a Central Africa.  |2 fast  |0 (OCoLC)fst01239510 
650 7 |a Benchmarking.  |2 imf 
650 7 |a Credit.  |2 imf 
650 7 |a Financial Development Gap.  |2 imf 
650 7 |a Financial Inclusion.  |2 imf 
650 7 |a GDP.  |2 imf 
650 7 |a Government Policy and Regulation.  |2 imf 
651 7 |a Cameroon.  |2 imf 
651 7 |a Central African Republic.  |2 imf 
651 7 |a Congo, Democratic Republic of the.  |2 imf 
651 7 |a Equatorial Guinea.  |2 imf 
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