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Cross-border banking has been important across Africa for a long time, with regional banks taking on a more prominent role only recently. This paper provides an overview over the literature of cross-border banking and financial deepening and inclusion, with a focus on Africa. It also offers...
This study investigates the effect of financial innovation on monetary policy in Kenya during the period 19982013; that is, whether the waves of financial innovation that have occurred during this period have impacted the long-run stability of the money demand relations. Results obtained through...
This paper uses data from the Global Financial Inclusion (Global Findex) database to document the state of financial inclusion in Africa. The data show that less than a quarter of adults in Africa have an account at a formal financial institution and many adults in Africa use informal methods to...
Financial inclusion is gaining attention in African policy circles in view of the recent African growth renaissance, but which has been characterised as non-inclusive. While not conclusively documented in the literature, financial inclusion is viewed among the drivers of inclusive growth. This...
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