Sanjaya Kumar Lenka|Arun Kumar Bairwa
Does financial inclusion affect monetary policy in SAARC countries?
Indian Institute of Technology Indore|Indian Institute of Technology Indore
alike role heart human body finance focal point economy whereas savings investment tubes vesselshence solid financial system fundamental character enduring economythe frozen financial system endures longer foundation concrete subsists people grassroot levelthey live villages small towns earn meager income work primary sector spend food lesser social securitiesin setting process bringing people main stream financial activities called financial inclusionthis study describes impact financial inclusion monetary policy south asian association regional cooperation saarc countries 20042013the study uses principal component analysis pca construct financial inclusion index serves proxy variable accessibility financial inclusion saarc countriesadding three different models like fem rem panelcorrected standard errors used analysisin study empirical result generalized least squaregls estimation shows financial inclusion exchange rate interest rate negatively associated inflation saarc countries