|
on Financial Literacy and Education |
|
Issue of 2025–05–26
seven papers chosen by Viviana Di Giovinazzo, Università degli Studi di Milano-Bicocca |
| By: | Ozili, Peterson K |
| Abstract: | This study investigates the determinants of financial inclusion in Nigeria. The study extends the empirical debate on the determinants of financial inclusion by focusing on the monetary policy and banking sector factors that influence the level of financial inclusion in Nigeria. The study employs the two-stage least squares regression method to estimate the determinants of financial inclusion in Nigeria during the 2007–2021 period. The results show that the central bank monetary policy rate, the savings deposit rate, and the loan to deposit ratio of banks are significant determinants of financial inclusion in Nigeria. Specifically, increase in the central bank interest rate decreases the level of financial inclusion, increase in the savings deposit rate increases the level of financial inclusion, and increase in the loan-to-deposit ratio decreases the level of financial inclusion. These determinants are robust to alternative estimation using the quantile regression method. There is further evidence that the interbank lending rate, inflation rate and the nominal interest rate are also determinants of financial inclusion in Nigeria based on the two-stage least squares estimation. |
| Keywords: | Financial inclusion, determinants, monetary policy, index, inflation, central bank, Nigeria, interest rate, savings, interbank lending |
| JEL: | G20 G21 G23 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:124265 |
| By: | Ozili, Peterson K |
| Abstract: | This article presents a synopsis of financial inclusion research in banking. Complementing the existing reviews of the financial inclusion literature, I offer my own thoughts on the role of financial inclusion in banking, and the role of banks in financial inclusion. I focus my discussion on the effect of bank managerial discretion and regulation on financial inclusion outcomes, and the effect of financial inclusion on the business of banking. I show that bank managerial discretion and regulation affect financial inclusion through bank cost optimization decisions and regulatory changes that may have unintended consequences, while financial inclusion affects banks by increasing the deposit base of banks, improving bank profitability, improving banks’ resilience to shocks, improving bank stability and reducing bank risk. I also offer suggestions for future research directions. |
| Keywords: | financial inclusion, banks, research, fintech, risk, stability |
| JEL: | G21 G28 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:124259 |
| By: | Ozili, Peterson K |
| Abstract: | This study investigates the effect of financial inclusion on economic welfare in three religious country groups: majority Christian countries, majority Hindu countries and majority Muslim countries. The study analysed 30 religious countries during the 2004 to 2020 period using the two-stage least squares regression method. The economic welfare variables are the gross domestic product (GDP) growth rate, GDP per capita growth, inflation rate and the unemployment rate. The main explanatory variable is the composite financial inclusion index. The control variables are corruption control index, political stability index, total population growth, rule of law index and the regulatory quality index. It was found that financial inclusion is positively correlated with corruption control, political stability, rule of law and regulatory quality in religious countries while financial inclusion is negatively correlated with total population growth, economic growth, GDP per capita growth, inflation rate and unemployment rate in religious countries. Regression results show that high level of financial inclusion decreases the unemployment rate in majority Muslim countries. A pre-existing low unemployment rate is significantly associated with higher financial inclusion in majority Christian and Muslim countries. High level of financial inclusion decreases the inflation rate in countries that have significant Islamic finance activity. Financial inclusion has an insignificant effect on economic welfare in majority Hindu countries. The implication of the findings is that the type of religion and the size of Islamic finance activity matter in understanding the relationship between financial inclusion and economic welfare in religious countries. |
| Keywords: | Religion, financial inclusion, Hindu, Islam, Muslim, Christianity, economic welfare, economic wellbeing, economic growth, inflation, unemployment, GDP per capita growth. |
| JEL: | G21 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:124262 |
| By: | Julia Peter (Friedrich Schiller University Jena); Jana Schuetz (Jonkoping International Business School) |
| Abstract: | Financial literacy is an important prerequisite for making informed financial decisions, but it remains low, especially among women and older people. Internalized stereotypes can undermine confidence and subsequently affect behavior in financial matters, leading to suboptimal decisions. This paper investigates how stereotype salience affects confidence in financial literacy. In an information provision experiment, we inform respondents about age or gender differences in numeracy to examine the impact on financial literacy, confidence, hypothetical investment and saving decisions, and demand for information and education. We find that being informed about age differences has no significant effect. In contrast, being informed about gender differences increases the confidence of male respondents through a stereotype boost, while leaving female respondents largely unaffected. |
| Keywords: | survey experiment, numeracy, gender stereotypes, age stereotypes |
| JEL: | C90 D91 G53 I24 J16 |
| Date: | 2025–05–16 |
| URL: | https://d.repec.org/n?u=RePEc:jrp:jrpwrp:2025-0007 |
| By: | Moustakim Jalal; Baaddi Mohammed (USMBA - Université Sidi Mohamed Ben Abdellah [Fès], ERMOT - Laboratoire "Etudes et recherches en Management des Organisations et des Territoires" [Fez] - USMBA - Université Sidi Mohamed Ben Abdellah) |
| Abstract: | Exploring the Impact of Digital and Financial Literacy on Employee Well-Being in Electronic Banking A Theoretical Perspective investigates the growing influence of electronic banking on the workplace, specifically focusing on employee well-being. It delves into how the widespread adoption of digital banking platforms affects employees' job satisfaction, stress levels, and overall well-being. |
| Keywords: | Banking, Digital literacy, Financial literacy Financial well-being Confidence Behaviors Household finance, Well - being, Behaviour Analysis, electronic banking, Electronic banking Digital literacy Financial literacy Employee well-being Cybersecurity, Electronic banking, Financial literacy, Employee well-being, Cybersecurity |
| Date: | 2024–10–18 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05031897 |
| By: | Kandpal, Vinay; Ozili, Peterson K; Jeyanthi, Mary; Ranjan, Deepak; Chandra, Deep |
| Abstract: | Digital finance is revolutionizing the financial sector in significant ways. Its role in shaping the future of banks and financial services is a topic of widespread interest in the policy and academic literature. This study examines the role of digital finance in shaping the future of banks and financial services. The study shows that digital finance innovations are disrupting banking and the nature of financial services. Financial institutions that will survive in the future must undertake digital transformation to compete for market share in new customer segments and to meet the changing needs and preferences of customers. While nobody knows for sure what the future of banking and financial services will be in the distant future, it is certain that the digital finance revolution would change the face of banking and financial services in the future. Regulation, technology, and geopolitical factors could alter the future of banking and financial services. |
| Keywords: | digital finance, banks, financial services, future. |
| JEL: | G21 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:124267 |
| By: | Anifowose, Oladotun Larry |
| Abstract: | The crux of this paper was to investigate the extent as well as whether digital finance technologies affect business performance of female owned businesses in Lagos State, Nigeria. This paper empirically examined the effect of digital finance technologies usage among female owned business performance in Lagos state, Nigeria. By looking at female owned enterprises that deal with agribusiness with special interest in aqua foods to build an econometric model to test the hypothesis. Descriptive statistics and Ordinary Least Square was used in the analysis of data collected through structured questionnaire. The study employed Multistage sampling in selecting the respondents from the study areas. Majority of the Female-Owned Business owners in the study area are still in their adulthood age and agile to work. The result showed that Majority (73.33%) of the respondents were High adopters while only 26.67% of the Female-Owned Business owners were Low adopters. POS users has the highest percentage of the high adopters followed by ATM. The implication is that mobile banking adoption level of the respondent was lower compared to all other technological innovations adopted by Female-Owned Business owners in the study area. The result of the OLS shows that only mobile banking and POS have significant effect on the performance of Female-Owned Business owners in the study area at P |
| Keywords: | Digital finance technologies Usage, female owned businesses, Business performance, Nigeria |
| JEL: | M21 |
| Date: | 2025–03 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:124325 |