Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/173651
Authors: 
Asongu, Simplice
Acha-Anyi, Paul N.
Year of Publication: 
2017
Series/Report no.: 
AGDI Working Paper WP/17/045
Abstract: 
In this study we investigate the role of information and communication technology (ICT) in conflicts of financial intermediation for financial access. The empirical evidence is based on contemporary (or current values) and non-contemporary (or lagged by a year) quantile regressions in 53 African countries for the period 2004-2011. The main findings are: First, the net effect of ICT in formalization for financial activity in the banking system is consistently beneficial with positive thresholds. The fact that corresponding, unconditional and conditional effects are persistently positive is evidence of synergy or complementary effects. Second, the net effect of ICT in financial informalization for financial activity in the financial system is negative with a consistent negative threshold. Hence, the positive (negative) complementarity of ICT and financial formalization (informalization) is an increasing (decreasing) function of financial activity. Policy measures on how to leverage the synergy or complementarity between ICT and financial formalization in order to enhance financial access are discussed.
Subjects: 
Allocation efficiency
financial sector development
ICT
JEL: 
G20
G29
L96
O40
O55
Document Type: 
Working Paper

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