Social Networks and Informal Financial Inclusion in the People's Republic of China

Chai, Shijun; Chen, Yang; Huang, Bihong; Ye, Dezhu

doi:10.2139/ssrn.3140099

Cited by 6 publications

(2 citation statements)

References 89 publications

(106 reference statements)

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“…Zhu et al (2018) asserted that it is a good way to evaluate the sustainability by measuring the balance of financial inclusion [4]. Social networks can help informal financial inclusion fully and partially guard against systematic risks from the institutional environment (Chai et al, 2018) [31]. It can be learned that strengthening the effects of social networks may help to promote financial inclusion sustainability.…”

Section: Literature Reviewmentioning

confidence: 99%

The Sustainable Development of Financial Inclusion: How Can Monetary Policy and Economic Fundamental Interact with It Effectively?

Yin

Chen

et al. 2019

Sustainability

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It is necessary to analyze the relationship between financial inclusion and circumstances-monetary policy and economic fundamentals, which has a practical reference value for policy makers. This paper studies the impact of the circumstances on financial inclusion factors by using a vector autoregressive method. Empirical results show that monetary policy has a short-term positive impact on financial inclusion factors, while the economic fundamental has the opposite, which means that the positive monetary policy promote the development of financial inclusion in the short term and the sudden change of the economic situation will make it harder. Based on the data of the World Bank and the situation of China, we make an analysis and comparison of the empirical results, and draw two implications: first, the sustainable development of financial inclusion needs a suitable circumstance; second, the appropriate coordination and mutual facilitation of economic fundamentals and finance is conducive to the sustainable development of financial inclusion.

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Section: Literature Reviewmentioning

confidence: 99%

The Sustainable Development of Financial Inclusion: How Can Monetary Policy and Economic Fundamental Interact with It Effectively?

Yin

Chen

et al. 2019

Sustainability

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“…Kabakova and Plaksenkov (2018) showed that three configurations of factors affect financial inclusion: social, technological and economic factors. Chai et al (2018) found that social networks significantly increase the probability of households’ participation in the informal financial market, amplify the size of informal financial transactions and raise the ratio of informal lending to total household assets.…”

Section: Theory and Review Of Literaturementioning

confidence: 99%

Connecting the poor: the internet, mobile phones and financial inclusion in Africa

Evans

2018

DPRG

104

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Purpose The increased adoption of internet-enabled phones in Africa has caused much speculation and optimism concerning its effects on financial inclusion. Policymakers, the media and various studies have all flaunted the potentials of internet and mobile phones for financial inclusion. An important question therefore is “Can the internet and mobile phones spur the inclusion of the financially excluded poor? This study therefore aims to examine the relationship and causality between internet, mobile phones and financial inclusion in Africa for the 2000-2016 period. Design/methodology/approach The empirical analysis followed these three steps: examination of the stationarity of the variables; testing for the cointegration; and evaluation of the effects of the internet and mobile phones on financial inclusion in Africa for the 2000-2016 period using three outcomes of panel FMOLS approach and Granger causality tests. Findings The empirical evidence shows that internet and mobile phones have significant positive relationship with financial inclusion, meaning that rising levels of internet and mobile phones are associated with increased financial inclusion. There is also uni-directional causality from internet and mobile phones to financial inclusion, implying that internet and mobile phones cause financial inclusion. The study also shows that macroeconomic factors such as capital formation, primary enrollment, bank credit, broad money, population growth, remittances, agriculture and interest rate, as well as institutional factors such as regulatory quality are important underlying factors for financial inclusion in Africa. Originality/value In the literature, there is a dearth of research on the internet, mobile phones and financial inclusion, especially in Africa. Most of the related studies are conceptual and micro-based, with little empirical attention to the relationship and causality between internet, mobile phones and financial inclusion. In fact, this dearth of rigorous empirical studies has been attributed as the main cause of inadequate policy guidance in enhancing information communication technologies (Roycroft and Anantho, 2003), despite saturation levels in developed economies. This study fills the gap by evaluating the effects of the Internet and mobile phones on financial inclusion for 44 African countries for the 2000-2016 period.

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The unique research on the informal ties and social networks in East Asia: Diverse perspectives and new research agenda

Xie

2019

Asia Pac J Manag

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It is our pleasure to introduce the Special Issue of the Asia Pacific Journal Management with the focus on the theme of Informal Social Networks in East Asia. This introduction is organized into three parts, with the first part covering the background and review process of the Special Issue; the second part covering the specific contents of the nine articles included in the Special Issue, and the third part covering the critical implications of the Special Issue.

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Social Networks and Informal Financial Inclusion in the People's Republic of China

Cited by 6 publications

References 89 publications

The Sustainable Development of Financial Inclusion: How Can Monetary Policy and Economic Fundamental Interact with It Effectively?

The Sustainable Development of Financial Inclusion: How Can Monetary Policy and Economic Fundamental Interact with It Effectively?

Connecting the poor: the internet, mobile phones and financial inclusion in Africa

The unique research on the informal ties and social networks in East Asia: Diverse perspectives and new research agenda

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