International financial inclusion: some multidimensional determinants
Open Access
- 1 July 2018
- journal article
- Published by Asociacion Espanola de Contabilidad y Administracion de Empresas (AECA) in Small Business International Review
- Vol. 2 (2), 1-14
- https://doi.org/10.26784/sbir.v2i2.125
Abstract
The generalized access to financial services is a promising source of growth and social inclusion to reach “decent life for all”, just as is conceived in the development agenda in the Millennium Declaration and ratified in the 2030 agenda for sustainable development of the United Nations. Some groups in financial terms are more excluded than others: the poor, women, youngsters, and the inhabitants of far rural communities scarcely populated, tend to face a larger number of barriers to access these services. Recently created businesses and small ones face a greater number of insuperable obstacles. This paper analyzes the recent financial inclusion in the global scope, with special emphasis on SMEs. Its importance and meaning are deeply examined; some of its determinants are presented and tested, such as credit banking, through a model based on panel data. It is found that, given some country cultural traits linked to their risk aversion and long-term vision, achieving a larger financial inclusion on the credit side, depends not only on the access channels and the characteristics of the offered products, but on different demand aspects as some socioeconomic features of their potential customers.Keywords
This publication has 20 references indexed in Scilit:
- Informe anual del Índice de Desarrollo de la Banda Ancha en América Latina y el Caribe: IDBA 2014Published by Felipe Herrera Library (Inter-American Development Bank) ,2015
- Critical Tests of Multiple Theories of Cultures’ ConsequencesJournal of Travel Research, 2013
- More Relatively-Poor People in a Less Absolutely-Poor WorldPublished by World Bank ,2012
- Dimensionalizing Cultures: The Hofstede Model in ContextOnline Readings in Psychology and Culture, 2011
- Exchange rate volatility and productivity growth: The role of financial developmentJournal of Monetary Economics, 2009
- Modernization, Cultural Change, and DemocracyPublished by Cambridge University Press (CUP) ,2001
- Microenterprise finance: Is there a conflict between growth and poverty alleviation?World Development, 1998
- Capital fundamentalism, economic development, and economic growthCarnegie-Rochester Conference Series on Public Policy, 1994
- Causal forces: Structuring knowledge for time‐series extrapolationJournal of Forecasting, 1993
- Informational Imperfections in the Capital Market and Macro-Economic FluctuationsPublished by National Bureau of Economic Research ,1984