Resolving the African Financial Development Gap: Cross-country comparisons and a within-country study of Kenya

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dc.contributor.author ALLEN, Franklin
dc.contributor.author CARLETTI, Elena
dc.contributor.author CULL, Robert
dc.contributor.author QIAN, Jun
dc.contributor.author SENBET, Lemma
dc.contributor.author VALENZUELA, Patricio
dc.date.accessioned 2012-04-20T12:19:41Z
dc.date.available 2012-04-20T12:19:41Z
dc.date.issued 2012
dc.identifier.issn 1725-6704
dc.identifier.uri http://hdl.handle.net/1814/21677
dc.description.abstract With 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.language.iso en en
dc.relation.ispartofseries EUI ECO en
dc.relation.ispartofseries 2012/15 en
dc.subject Africa en
dc.subject Kenya en
dc.subject Finance and growth en
dc.subject population density en
dc.subject Equity Bank en
dc.subject financial access en
dc.subject O5 en
dc.subject K0 en
dc.subject G0 en
dc.title Resolving the African Financial Development Gap: Cross-country comparisons and a within-country study of Kenya en
dc.type Working Paper en
dc.neeo.contributor ALLEN|Franklin|aut|
dc.neeo.contributor CARLETTI|Elena|aut|EUI70001
dc.neeo.contributor CULL|Robert|aut|
dc.neeo.contributor QIAN|Jun|aut|
dc.neeo.contributor SENBET|Lemma|aut|
dc.neeo.contributor VALENZUELA|Patricio|aut|


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