Financial inclusion and monetary policy in West Africa / Sa’ad Babatunde Akanbi … [et al.]

The study investigated the impact of financial inclusion on the effectiveness of monetary policy in West Africa for the period 2005 to 2018. The study employed Granger panel non-causality test developed by Dumitrescu and Hurlin to determine the direction of causality between inflation (a proxy for m...

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Main Authors: Akanbi, Sa’ad Babatunde, Dauda, Ridwan Olamilekan, Yusuf, Hammed Agboola, Abdulrahman, Abdulganiyu Idris
Format: Article
Language:English
Published: Universiti Teknologi MARA Selangor 2020
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/32109/1/AJ_SA%27AD%20BABATUNDE%20AKANBI%20JEEIR%20B%2020.pdf
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author Akanbi, Sa’ad Babatunde
Dauda, Ridwan Olamilekan
Yusuf, Hammed Agboola
Abdulrahman, Abdulganiyu Idris
author_facet Akanbi, Sa’ad Babatunde
Dauda, Ridwan Olamilekan
Yusuf, Hammed Agboola
Abdulrahman, Abdulganiyu Idris
author_sort Akanbi, Sa’ad Babatunde
collection UITM
description The study investigated the impact of financial inclusion on the effectiveness of monetary policy in West Africa for the period 2005 to 2018. The study employed Granger panel non-causality test developed by Dumitrescu and Hurlin to determine the direction of causality between inflation (a proxy for monetary policy) and indicators of financial inclusion. The system GMM was also employed to investigate the impact of each indicator of financial inclusion on monetary policy. The results show that financial inclusion is a significant determinant of monetary policy. The study concludes that financial inclusion should be broadened to include a large number of economic agents in the rural areas and informal sector because a large volume of financial transactions takes place within this sector.
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spelling oai:ir.uitm.edu.my:321092020-07-14T04:39:38Z https://ir.uitm.edu.my/id/eprint/32109/ Financial inclusion and monetary policy in West Africa / Sa’ad Babatunde Akanbi … [et al.] jeeir Akanbi, Sa’ad Babatunde Dauda, Ridwan Olamilekan Yusuf, Hammed Agboola Abdulrahman, Abdulganiyu Idris Monetary policy Malaysia The study investigated the impact of financial inclusion on the effectiveness of monetary policy in West Africa for the period 2005 to 2018. The study employed Granger panel non-causality test developed by Dumitrescu and Hurlin to determine the direction of causality between inflation (a proxy for monetary policy) and indicators of financial inclusion. The system GMM was also employed to investigate the impact of each indicator of financial inclusion on monetary policy. The results show that financial inclusion is a significant determinant of monetary policy. The study concludes that financial inclusion should be broadened to include a large number of economic agents in the rural areas and informal sector because a large volume of financial transactions takes place within this sector. Universiti Teknologi MARA Selangor 2020-05 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/32109/1/AJ_SA%27AD%20BABATUNDE%20AKANBI%20JEEIR%20B%2020.pdf Financial inclusion and monetary policy in West Africa / Sa’ad Babatunde Akanbi … [et al.]. (2020) Journal of Emerging Economies & Islamic Research <https://ir.uitm.edu.my/view/publication/Journal_of_Emerging_Economies_=26_Islamic_Research/>, 8 (2). pp. 1-12. ISSN 2289-2559
spellingShingle Monetary policy
Malaysia
Akanbi, Sa’ad Babatunde
Dauda, Ridwan Olamilekan
Yusuf, Hammed Agboola
Abdulrahman, Abdulganiyu Idris
Financial inclusion and monetary policy in West Africa / Sa’ad Babatunde Akanbi … [et al.]
title Financial inclusion and monetary policy in West Africa / Sa’ad Babatunde Akanbi … [et al.]
title_full Financial inclusion and monetary policy in West Africa / Sa’ad Babatunde Akanbi … [et al.]
title_fullStr Financial inclusion and monetary policy in West Africa / Sa’ad Babatunde Akanbi … [et al.]
title_full_unstemmed Financial inclusion and monetary policy in West Africa / Sa’ad Babatunde Akanbi … [et al.]
title_short Financial inclusion and monetary policy in West Africa / Sa’ad Babatunde Akanbi … [et al.]
title_sort financial inclusion and monetary policy in west africa sa ad babatunde akanbi et al
topic Monetary policy
Malaysia
url https://ir.uitm.edu.my/id/eprint/32109/1/AJ_SA%27AD%20BABATUNDE%20AKANBI%20JEEIR%20B%2020.pdf
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