An analysis of constructing global financial inclusion indices

Following the steps of OECD's handbook on constructing the composite indices, this study aims to measure the extent of financial access by constructing a broader multidimensional financial inclusion indices which contain aggregate information of the extent of the financial system by using both...

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Bibliographic Details
Main Author: Recep Yorulmaz
Format: Article
Language:English
Published: Elsevier 2018-09-01
Series:Borsa Istanbul Review
Online Access:http://www.sciencedirect.com/science/article/pii/S2214845017300947
Description
Summary:Following the steps of OECD's handbook on constructing the composite indices, this study aims to measure the extent of financial access by constructing a broader multidimensional financial inclusion indices which contain aggregate information of the extent of the financial system by using both demand and supply side information. Adding the survey data of Demirguc-Kunt et al. 2015 and Beck et al. (2006a), which provides not only household based but also the individual usage of financial services, this paper extends the previous studies by exploring broader cross-country, time-series analysis. Keywords: Financial inclusion, Composite index, Banks, PCA, Factor analysis, JEL Classification: G21, G23, G28, C19
ISSN:2214-8450