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dc.contributor.authorALLEN, Franklin
dc.contributor.authorCARLETTI, Elena
dc.contributor.authorCULL, Robert
dc.contributor.authorQIAN, Jun
dc.contributor.authorSENBET, Lemma
dc.contributor.authorVALENZUELA, Patricio
dc.date.accessioned2012-04-20T12:19:41Z
dc.date.available2012-04-20T12:19:41Z
dc.date.issued2012
dc.identifier.issn1725-6704
dc.identifier.urihttp://hdl.handle.net/1814/21677
dc.description.abstractWith extensive country- and firm-level data sets we first document that the financial sectors of most sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. We also find that population density appears to be considerably more important for banking sector development in Africa than elsewhere. To better understand how countries can overcome the high costs of developing viable banking sectors outside large metropolitan areas, we focus on Kenya, which has made significant strides in financial inclusion and development in recent years. We find a positive and significant impact of Equity Bank, a leading private commercial bank on financial access, especially for under-privileged households. Equity Bank’s business model—providing financial services to population segments typically ignored by traditional commercial banks and generating sustainable profits in the process—can be a potential solution to the financial access problem that has hindered the development of inclusive financial sectors in many other African countries.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2012/15en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectAfricaen
dc.subjectKenyaen
dc.subjectFinance and growthen
dc.subjectpopulation densityen
dc.subjectEquity Banken
dc.subjectfinancial accessen
dc.subjectO5en
dc.subjectK0en
dc.subjectG0en
dc.titleResolving the African Financial Development Gap: Cross-country comparisons and a within-country study of Kenyaen
dc.typeWorking Paperen
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