André Mialou|Goran Amidži?|Alexander Massara
Assessing Countries’ Financial Inclusion Standing — A New Composite Index
International Monetary Fund|International Monetary Fund|International Monetary Fund
paper leverages imfs financial access survey fas database construct new composite index financial inclusionthe topic financial inclusion gathered significant attention recent yearsvarious initiatives undertaken central banks advanced developing countries promote financial inclusionthe issue also attracted increasing interest international community g20 imf world bank group assuming active role developing collecting financial inclusion data promoting best practices improve financial inclusionthere general recognition among policy makers financial inclusion plays significant role sustaining employment economic growth financial stabilitynonetheless issue robust measurement still outstandingthe new composite index uses factor analysis derive weighting methodology whose absence persistent criticisms previous indicescountries ranked based new composite index providing additional analytical tool could used surveillance policy purposes regular basis