Description

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.

More publications in this series: Working Papers

More publications by: Adrian Alter ; Boriana Yontcheva