Measuring an equilibrium long-run relationship between financial inclusion and monetary stability in Mozambique

Fernandes, Carla; Borges, María Rosa; Macome, Esselina; Caiado, Jorge

doi:10.1080/00036846.2023.2203457

Cited by 5 publications

(1 citation statement)

References 19 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This indicates that there are significant relationships between money supply, monetary policy rate, mobile money usage, digital banking services, velocity of money, and inflation index in both the short and long run. This result is consistent with the findings of Fernandes and Borges (2023) that investigated the effect of mobile money on money velocity and concluded that the variables are causal in both the short and long run. The impulse response function in Figure 1 further validated the findings of this research.…”

Section: Conclusion Recommendations and Policy Implicationssupporting

confidence: 91%

Mobile Money Use, Digital Banking Services and Velocity of Money in Ghana

Ocansey,

Dadzie,

Nambie

2024

IJEFI

View full text Add to dashboard Cite

Investigating the correlation between digital financial services, mobile money usage, and money velocity in Ghana, the study analysed time series data spanning from 1992 to 2022. A composite index was constructed by principal component analysis using data extracted from the world development indicators, with the components mobile money usage, digital financial services, and velocity of money. The estimation utilised an impulse response function and vector error correction model; the results indicated that mobile money, digital financial services, and money velocity are related in both the short and long term. Furthermore, the application of a standard deviation innovation to the velocity of money produced increases of both positive and negative magnitude for all the variables. This suggests that mobile money, digital banking services, and velocity of money in Ghana are interdependent in an asymmetric manner. In order to facilitate an increase in the velocity of money, the research concluded that policymakers should guarantee that a greater proportion of the population has access to mobile money and digital banking services. In addition to promoting mobile money, online banking services, and digital payment methods on purpose, the government should reduce reliance on physical currency and expedite the circulation of money. It is recommended that future longitudinal studies involving African nations employ diverse estimation techniques.

show abstract

Section: Conclusion Recommendations and Policy Implicationssupporting

confidence: 91%

Mobile Money Use, Digital Banking Services and Velocity of Money in Ghana

Ocansey,

Dadzie,

Nambie

2024

IJEFI

View full text Add to dashboard Cite

show abstract

The role of financial inclusion and monetary policy on bank financial stability in SADC countries

Jungo

Canguende-Valentim

2023

Reference Module in Social Sciences

View full text Add to dashboard Cite

Financial inclusion and the financial and economic development: review of the literature, evidence gaps and the road ahead

Naili,

Jabbouri,

Helmi

2023

QMR

View full text Add to dashboard Cite

Purpose The purpose of this study is to provide a comprehensive review of the literature on financial inclusion, with a focus on its relationship to financial and economic development. Design/methodology/approach This paper begins by surveying the field of financial inclusion research over the past 15 years, highlighting the evolution of how financial inclusion has been studied in practice. By reviewing 107 studies published between 2008 and 2023 in 63 peer-reviewed journals, the study emphasizes the importance of recent research in this field. Findings The analysis reveals key findings on the positive impact of financial inclusion on economic growth, poverty reduction, financial stability and CO2 emissions, among other factors. Despite the extensive empirical and theoretical work accomplished in the field, the study argues that there is still a need for further research on financial inclusion, including exploring new regions and financial and economic development indicators such as social capital, entrepreneurship and political stability. Practical implications This research aspires to map the emerging discourse on this topic, identify major gaps, and provide a productive line to guide future research. This will contribute to the ongoing debate led by the World Bank on financial inclusion as an effective measure to fight poverty. This study attempts to proffer ideas to encourage collaborative research and deepen our understanding on the role of financial inclusion. Originality/value This study offers a comprehensive overview of recent research on financial inclusion and highlights the need for further research in this field. This study also proposes a promising future research agenda to guide future advancements in the area of financial inclusion.

show abstract

Measuring an equilibrium long-run relationship between financial inclusion and monetary stability in Mozambique

Cited by 5 publications

References 19 publications

Mobile Money Use, Digital Banking Services and Velocity of Money in Ghana

Mobile Money Use, Digital Banking Services and Velocity of Money in Ghana

The role of financial inclusion and monetary policy on bank financial stability in SADC countries

Financial inclusion and the financial and economic development: review of the literature, evidence gaps and the road ahead

Contact Info

Product

Resources

About