## Financial Inclusion and Development in the CEMAC

_IMF Working Papers, November 9, 2015_

## Source details

**Canonical URL:** [Financial Inclusion and Development in the CEMAC](https://www.imf.org/en/publications/wp/issues/2016/12/31/financial-inclusion-and-development-in-the-cemac-43385)

## Other formats

- [Markdown version](/en/publications/wp/issues/2016/12/31/financial-inclusion-and-development-in-the-cemac-43385/index.md)
- [Structured JSON version](/en/publications/wp/issues/2016/12/31/financial-inclusion-and-development-in-the-cemac-43385/index.json)
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## Bibliographic details
- Authors: Adrian Alter, Boriana Yontcheva
- Published: November 9, 2015
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781484317556.001

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### Paper overview
- 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

### Research objective and approach
- Objective: Examine financial inclusion and development in the CEMAC and identify determinants of the financial development gap.
- Main methods:
  - Benchmarking exercise to explore the level of financial inclusion in the CEMAC.
  - Construction of a measure of financial development gap.
  - Panel data regressions to analyze determinants of financial development.

### Key empirical findings
- Determinants explaining most of the financial development level:
  - Inflation
  - Income
  - Natural resources
- Institutional and governance associations:
  - Better financial sector governance is positively associated with financial sector development.
  - Stronger economic governance is positively associated with financial sector development.
- Distributional insight:
  - Richer and poorer countries can be equally far from their expected financial development levels.
- Benchmarking outcome:
  - Identification of countries that have successfully reduced the financial development gap.

### Policy implications and recommendations
- Use benchmarking to identify successful country experiences in reducing the financial development gap.
- Policy measures proposed (general framing extracted from the source):
  - Strengthen financial sector governance to promote financial sector development.
  - Improve overall economic governance to support financial inclusion.
  - Design country-specific measures informed by benchmarking results to boost financial inclusion.

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## Content in this bundle

- **Financial Inclusion and Development in the CEMAC; by Adrian Alter and Boriana Yontcheva**
  - [Financial Inclusion and Development in the CEMAC; by Adrian Alter and Boriana Yontcheva (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2015/_wp15235.pdf.md){rel="alternate" type="text/markdown"}
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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/financial-inclusion-and-development-in-the-cemac-43385_