{
  "title": "Financial Inclusion and Development in the CEMAC",
  "publication": "IMF Working Papers, November 9, 2015",
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  "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.",
  "sections": [
    {
      "heading": "Paper overview",
      "content": "- Title: Financial Inclusion and Development in the CEMAC\n- Authors: Adrian Alter, Boriana Yontcheva\n- Date: November 9, 2015\n- Series: Working Paper No. 2015/235\n- Issue: 235\n- Volume: 2015\n- Pages: 31"
    },
    {
      "heading": "Research objective and approach",
      "content": "- Objective: Examine financial inclusion and development in the CEMAC and identify determinants of the financial development gap.\n- Main methods:\n  - Benchmarking exercise to explore the level of financial inclusion in the CEMAC.\n  - Construction of a measure of financial development gap.\n  - Panel data regressions to analyze determinants of financial development."
    },
    {
      "heading": "Key empirical findings",
      "content": "- Determinants explaining most of the financial development level:\n  - Inflation\n  - Income\n  - Natural resources\n- Institutional and governance associations:\n  - Better financial sector governance is positively associated with financial sector development.\n  - Stronger economic governance is positively associated with financial sector development.\n- Distributional insight:\n  - Richer and poorer countries can be equally far from their expected financial development levels.\n- Benchmarking outcome:\n  - Identification of countries that have successfully reduced the financial development gap."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Use benchmarking to identify successful country experiences in reducing the financial development gap.\n- Policy measures proposed (general framing extracted from the source):\n  - Strengthen financial sector governance to promote financial sector development.\n  - Improve overall economic governance to support financial inclusion.\n  - Design country-specific measures informed by benchmarking results to boost financial inclusion.\n\n---\n\n Content in this bundle\n\n- Financial Inclusion and Development in the CEMAC; by Adrian Alter and Boriana Yontcheva\n  - Financial Inclusion and Development in the CEMAC; by Adrian Alter and Boriana Yontcheva (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Financial Inclusion and Development in the CEMAC; by Adrian Alter and Boriana Yontcheva (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/financial-inclusion-and-development-in-the-cemac-43385"
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    "Authors: Adrian Alter, Boriana Yontcheva",
    "Published: November 9, 2015",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781484317556.001",
    "Title: Financial Inclusion and Development in the CEMAC",
    "Authors: Adrian Alter, Boriana Yontcheva",
    "Date: November 9, 2015",
    "Series: Working Paper No. 2015/235",
    "Issue: 235",
    "Volume: 2015",
    "Pages: 31",
    "Objective: Examine financial inclusion and development in the CEMAC and identify determinants of the financial development gap.",
    "Main methods:",
    "Determinants explaining most of the financial development level:",
    "Institutional and governance associations:",
    "Distributional insight:",
    "Benchmarking outcome:",
    "Use benchmarking to identify successful country experiences in reducing the financial development gap.",
    "Policy measures proposed (general framing extracted from the source):",
    "**Financial Inclusion and Development in the CEMAC; by Adrian Alter and Boriana Yontcheva**"
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