Abstract:PurposeThis paper proposes a new multi-dimensional financial inclusion index.Design/methodology/approachThe authors employ two-stage principal component analysis (PCA) and aggregating indicators of availability, access and use. The paper first assesses the cross-country variations in the index and analyses trends over time for a sample of countries members of the Union for the Mediterranean (UfM) from 2010–2018. Second, it investigates factors that could explain the level of financial inclusion across countrie… Show more
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