The political economy of increased financial access
Martinez, Monica V.
Thesis (M.P.P.)--Georgetown University, 2011.; Includes bibliographical references.; Text (Electronic thesis) in PDF format. Although research has elucidated the link between financial development and political economy factors, questions remain unanswered about the political economy factors that are correlated with greater financial access. The objective of this paper is to examine which political economy factors explain increased levels of financial access. The paper employs panel data on 43 nations from 2004 to 2009 to consider several explanations of how political economy factors influence financial inclusion as measured by the number of depositors per 1,000 adults. These factors include levels of autocracy, regime durability, regime transition, legislative and executive electoral competitiveness, and checks and balances. This study is expected to identify political regime characteristics that can be reformed to allow countries to increase the outreach of their formal financial sectors. While the study findings indicate that the quality and durability of institutional factors seem to affect the level of physical and technological financial inclusion, infrastructure appears to be the dominant driving force behind higher levels of financial participation.
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