The financial sector is considered a crucial factor in facilitating economic growth directly through widening access to finance and indirectly contributing to the financial inclusion. The concept of financial inclusion is being constantly developed in academic discourse and EU policy though there is no global definition of financial inclusion. Existing literature on financial inclusion uses varying definitions. Many studies define the concept in terms of financial exclusion, which relates to the broader context of social inclusion while others define financial inclusion. The chapter aims to provider a review of the academic literature on the definition and measurement of financial inclusion in order to describe the main challenges to financial inclusion. The study highlights how financial inclusion and the development of the financial sector can generate various opportunities in terms of economic growth and poverty reduction. This highlights the existence of the strong link between well-functioning financial system and inclusive growth.

Financial inclusion literature review: definition, measurement, and challenges

Rosa Adamo
;
Domenica Federico;Antonella Notte
2024-01-01

Abstract

The financial sector is considered a crucial factor in facilitating economic growth directly through widening access to finance and indirectly contributing to the financial inclusion. The concept of financial inclusion is being constantly developed in academic discourse and EU policy though there is no global definition of financial inclusion. Existing literature on financial inclusion uses varying definitions. Many studies define the concept in terms of financial exclusion, which relates to the broader context of social inclusion while others define financial inclusion. The chapter aims to provider a review of the academic literature on the definition and measurement of financial inclusion in order to describe the main challenges to financial inclusion. The study highlights how financial inclusion and the development of the financial sector can generate various opportunities in terms of economic growth and poverty reduction. This highlights the existence of the strong link between well-functioning financial system and inclusive growth.
2024
9798369305225
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.11770/362320
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact