@article{Asongu_398,
author = {Paul Acha-Anyi N Simplice A. Asongu},
url = {https://link.springer.com/article/10.1007/s11066-017-9119-5},
doi = {10.1007/s11066-017-9119-5},
year = {2017},
date = {2017-12-08},
journal = {NETNOMICS: Economic Research and Electronic Networking},
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.},
keywords = {Allocation efficiency; Financial sector development; ICT},
pubstate = {published},
tppubtype = {article}
}

@article{Asongu_476,
author = {Nwachukwu J C Asongu S. A},
url = {https://link.springer.com/article/10.1007/s13132-017-0477-x},
doi = {10.1007/s13132-017-0477-x},
year = {2017},
date = {2017-03-21},
journal = {Journal of the Knowledge Economy},
abstract = {This study assesses the role of ICT (internet and mobile phone penetration) in complementing financial sector development (financial formalization and informalization) for financial access. The empirical evidence is based on generalized method of moments with 53 African countries for the period 2004–2011. The following findings are established from linkages between ICT, financial sector development and financial activity. First, the interaction between ICT and financial formalization (informalization) decreases (increases) financial activity. Second, with regard to net effects, the expected signs are established for the most part. In spite of the negative marginal effects from financial informalization, the overall net effects are positive. Third, the potentially appealing interaction between ICT and informalization produces positive thresholds that are within ranges. Policy implications are discussed in three main strands. They include implications for (i) mobile/internet banking, (ii) a quiet life and (iii) ICT in reducing information asymmetry and surplus liquidity.},
keywords = {Allocation efficiency; Financial sector development; ICT},
pubstate = {published},
tppubtype = {article}
}