AGDI currently has about 300 publications.
2016 |
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1. | Asongu, Jacinta Nwachukwu Simplice C A African Finance Journal, 18 (1), pp. 34-52, 2016. Abstract | Links | BibTeX | Tags: Banking; Mobile Phones; Shadow Economy; Financial Development; Africa @article{Asongu_536, author = {Jacinta Nwachukwu C Simplice A. Asongu}, url = {http://www.africagrowth.com/Abstract18_1_3.htm}, year = {2016}, date = {2016-09-08}, journal = {African Finance Journal}, volume = {18}, number = {1}, pages = {34-52}, abstract = {The study assesses the role of mobile phones and mobile banking in decreasing inequality in 52 African countries. The empirical procedure involves first, examining the income-redistributive effect of mobile phone penetration and then investigating the contribution of mobile banking services in this relationship. The findings suggest an equalizing income-redistributive effect of ‘mobile phone penetration’ and ‘mobile banking’, with a higher income-equalizing effect from mobile banking compared to mobile phone penetration. Poverty alleviation channels explaining this difference in inequality mitigating propensity are discussed.}, keywords = {Banking; Mobile Phones; Shadow Economy; Financial Development; Africa}, pubstate = {published}, tppubtype = {article} } The study assesses the role of mobile phones and mobile banking in decreasing inequality in 52 African countries. The empirical procedure involves first, examining the income-redistributive effect of mobile phone penetration and then investigating the contribution of mobile banking services in this relationship. The findings suggest an equalizing income-redistributive effect of ‘mobile phone penetration’ and ‘mobile banking’, with a higher income-equalizing effect from mobile banking compared to mobile phone penetration. Poverty alleviation channels explaining this difference in inequality mitigating propensity are discussed. |
2. | Asongu, Jacinta Nwachukwu Simplice C A 2016. Abstract | Links | BibTeX | Tags: Banking; Mobile Phones; Shadow Economy; Financial Development; Africa @workingpaper{Asongu_557, author = {Jacinta Nwachukwu C Simplice A. Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Mobile-Phone-Penetration.-Mobile-Banking-and-Inclusive-Development-in-Africa.pdf}, year = {2016}, date = {2016-07-01}, abstract = {The study assesses the role of mobile phones and mobile banking in decreasing inequality in 52 African countries. The empirical procedure involves first, examining the income-redistributive effect of mobile phone penetration and then investigating the contribution of mobile banking services in this relationship. The findings suggest an equalizing income-redistributive effect of ‘mobile phone penetration’ and ‘mobile banking’, with a higher income-equalizing effect from mobile banking compared to mobile phone penetration. Poverty alleviation channels explaining this difference in inequality mitigating propensity are discussed.}, keywords = {Banking; Mobile Phones; Shadow Economy; Financial Development; Africa}, pubstate = {published}, tppubtype = {workingpaper} } The study assesses the role of mobile phones and mobile banking in decreasing inequality in 52 African countries. The empirical procedure involves first, examining the income-redistributive effect of mobile phone penetration and then investigating the contribution of mobile banking services in this relationship. The findings suggest an equalizing income-redistributive effect of ‘mobile phone penetration’ and ‘mobile banking’, with a higher income-equalizing effect from mobile banking compared to mobile phone penetration. Poverty alleviation channels explaining this difference in inequality mitigating propensity are discussed. |
2015 |
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3. | Asongu, Vanessa Tchamyou Simplice S A Journal Article Development Finance Agenda, 1 (2), pp. 26-29, 2015. Abstract | BibTeX | Tags: Banking; Mobile Phones; Shadow Economy; Financial Development; Africa @article{Asongu_596, author = {Vanessa Tchamyou S Simplice A. Asongu}, year = {2015}, date = {2015-12-24}, journal = {Development Finance Agenda}, volume = {1}, number = {2}, pages = {26-29}, abstract = {To the best our knowledge, in the first empirical macroeconomic examination of the nexus between financial intermediation and mobile phones, Asongu employs two conflicting financial system definitions in the assessment of how mobile phones have stimulated financial development in Africa. Within the framework of the dominant International Monetary Fund’s International Financial Statistics (2008) definition, mobile phones are established to be negatively associated with financial intermediary dynamics of depth, activity and size. Conversely, when the previously neglected informal financial sector is integrated into the conception, definition and measurement of the financial system, mobile phones are positively (negatively) correlated with the informal (formal) financial intermediation sector. The empirical evidence is based on 52 African countries. Causality in the established linkages has been confirmed in subsequent studies by the same author. At least three policy implications derive from the findings. First, the role of informal financial intermediation is increasing to the detriment of formal financial mechanisms. Second, in order to capture the positive effect of mobile phones on finance, it is imperative to integrate the missing informal financial sector component into the IMF definition of the financial system. Third, it is a wake-up call for more scholarly research on: (i) macroeconomic financial development implications of mobile phone penetration and (ii) monetary policy instruments in the face of burgeoning ‘mobile phone’-oriented financial intermediation.}, keywords = {Banking; Mobile Phones; Shadow Economy; Financial Development; Africa}, pubstate = {published}, tppubtype = {article} } To the best our knowledge, in the first empirical macroeconomic examination of the nexus between financial intermediation and mobile phones, Asongu employs two conflicting financial system definitions in the assessment of how mobile phones have stimulated financial development in Africa. Within the framework of the dominant International Monetary Fund’s International Financial Statistics (2008) definition, mobile phones are established to be negatively associated with financial intermediary dynamics of depth, activity and size. Conversely, when the previously neglected informal financial sector is integrated into the conception, definition and measurement of the financial system, mobile phones are positively (negatively) correlated with the informal (formal) financial intermediation sector. The empirical evidence is based on 52 African countries. Causality in the established linkages has been confirmed in subsequent studies by the same author. At least three policy implications derive from the findings. First, the role of informal financial intermediation is increasing to the detriment of formal financial mechanisms. Second, in order to capture the positive effect of mobile phones on finance, it is imperative to integrate the missing informal financial sector component into the IMF definition of the financial system. Third, it is a wake-up call for more scholarly research on: (i) macroeconomic financial development implications of mobile phone penetration and (ii) monetary policy instruments in the face of burgeoning ‘mobile phone’-oriented financial intermediation. |
4. | Asongu, Vanessa Tchamyou Simplice S A Mobile Phones in Conflicts of Financial Intermediation 2015. Abstract | Links | BibTeX | Tags: Banking; Mobile Phones; Shadow Economy; Financial Development; Africa @workingpaper{Asongu2015by, title = {Mobile Phones in Conflicts of Financial Intermediation}, author = {Vanessa Tchamyou S Simplice A. Asongu}, editor = {African 2015 Governance and Development Institute WP/15/050}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Mobile-Phones-in-Conflicts-of-Financial-Intermediation.pdf}, year = {2015}, date = {2015-08-01}, abstract = {To the best our knowledge, in the first empirical macroeconomic examination of the nexus between financial intermediation and mobile phones, Asongu employs two conflicting financial system definitions in the assessment of how mobile phones have stimulated financial development in Africa. Within the framework of the dominant International Monetary Fund’s International Financial Statistics (2008) definition, mobile phones are established to be negatively associated with financial intermediary dynamics of depth, activity and size. Conversely, when the previously neglected informal financial sector is integrated into the conception, definition and measurement of the financial system, mobile phones are positively (negatively) correlated with the informal (formal) financial intermediation sector. The empirical evidence is based on 52 African countries. Causality in the established linkages has been confirmed in subsequent studies by the same author. At least three policy implications derive from the findings. First, the role of informal financial intermediation is increasing to the detriment of formal financial mechanisms. Second, in order to capture the positive effect of mobile phones on finance, it is imperative to integrate the missing informal financial sector component into the IMF definition of the financial system. Third, it is a wake-up call for more scholarly research on: (i) macroeconomic financial development implications of mobile phone penetration and (ii) monetary policy instruments in the face of burgeoning ‘mobile phone’- oriented financial intermediation.}, keywords = {Banking; Mobile Phones; Shadow Economy; Financial Development; Africa}, pubstate = {published}, tppubtype = {workingpaper} } To the best our knowledge, in the first empirical macroeconomic examination of the nexus between financial intermediation and mobile phones, Asongu employs two conflicting financial system definitions in the assessment of how mobile phones have stimulated financial development in Africa. Within the framework of the dominant International Monetary Fund’s International Financial Statistics (2008) definition, mobile phones are established to be negatively associated with financial intermediary dynamics of depth, activity and size. Conversely, when the previously neglected informal financial sector is integrated into the conception, definition and measurement of the financial system, mobile phones are positively (negatively) correlated with the informal (formal) financial intermediation sector. The empirical evidence is based on 52 African countries. Causality in the established linkages has been confirmed in subsequent studies by the same author. At least three policy implications derive from the findings. First, the role of informal financial intermediation is increasing to the detriment of formal financial mechanisms. Second, in order to capture the positive effect of mobile phones on finance, it is imperative to integrate the missing informal financial sector component into the IMF definition of the financial system. Third, it is a wake-up call for more scholarly research on: (i) macroeconomic financial development implications of mobile phone penetration and (ii) monetary policy instruments in the face of burgeoning ‘mobile phone’- oriented financial intermediation. |
2013 |
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5. | Asongu, Simplice A Mobile banking and mobile phone penetration: which is more pro-poor in Africa? 2013. Abstract | Links | BibTeX | Tags: Banking; Mobile Phones; Shadow Economy; Financial Development; Africa @workingpaper{Asongu2013bh, title = {Mobile banking and mobile phone penetration: which is more pro-poor in Africa?}, author = {Simplice A Asongu}, editor = {African 2013 Governance and Development Institute WP/13/033}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Mobile-and-the-poor.pdf}, year = {2013}, date = {2013-09-01}, abstract = {The contribution of this paper to complement theoretical and qualitative mobile penetration literature with empirical evidence is twofold: firstly, we assess the incomeredistributive effect of mobile phone penetration and; secondly, the instrumentality of financial development dynamics in this nexus. Main findings suggest an equalizing incomeredistributive effect of ‘mobile phone penetration’ and ‘mobile banking’, with a higher incomeequalizing effect in the latter than in the former. Poverty alleviation channels explaining this difference in inequality mitigating propensity are discussed. The empirical evidence is based on 52 African countries and deviates from mainstream country-specific and microeconomic survey-based approaches.}, keywords = {Banking; Mobile Phones; Shadow Economy; Financial Development; Africa}, pubstate = {published}, tppubtype = {workingpaper} } The contribution of this paper to complement theoretical and qualitative mobile penetration literature with empirical evidence is twofold: firstly, we assess the incomeredistributive effect of mobile phone penetration and; secondly, the instrumentality of financial development dynamics in this nexus. Main findings suggest an equalizing incomeredistributive effect of ‘mobile phone penetration’ and ‘mobile banking’, with a higher incomeequalizing effect in the latter than in the former. Poverty alleviation channels explaining this difference in inequality mitigating propensity are discussed. The empirical evidence is based on 52 African countries and deviates from mainstream country-specific and microeconomic survey-based approaches. |
2012 |
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6. | Asongu, Simplice A How has Mobile Phone Penetration Stimulated Financial Development in Africa? 2012. Abstract | Links | BibTeX | Tags: Banking; Mobile Phones; Shadow Economy; Financial Development; Africa @workingpaper{Asongu2012be, title = {How has Mobile Phone Penetration Stimulated Financial Development in Africa?}, author = {Simplice A Asongu}, editor = {African 2012 Governance and Development Institute WP/12/026}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/How-has-mobile-phone-penetration-stimulated-financial-development-in-Africa.pdf}, year = {2012}, date = {2012-09-01}, abstract = {In the first macroeconomic empirical assessment of the relationship between mobile phones and finance, this paper examines the correlations between mobile phone penetration and financial development using two conflicting definitions of the financial system in the financial development literature. With the traditional IFS (2008) definition, mobile phone penetration has a negative correlation with traditional financial intermediary dynamics of depth, activity and size. However, when a previously missing informal-financial sector component is integrated into the definition, mobile phone penetration has a positive correlation with informal financial development. Three implications result: there is a growing role of informal finance; mobile phone penetration may not be positively assessed at a macroeconomic level by traditional financial development indicators and; it is a wake-up call for scholarly research on informal financial development indicators which will oriented monetary policy.}, keywords = {Banking; Mobile Phones; Shadow Economy; Financial Development; Africa}, pubstate = {published}, tppubtype = {workingpaper} } In the first macroeconomic empirical assessment of the relationship between mobile phones and finance, this paper examines the correlations between mobile phone penetration and financial development using two conflicting definitions of the financial system in the financial development literature. With the traditional IFS (2008) definition, mobile phone penetration has a negative correlation with traditional financial intermediary dynamics of depth, activity and size. However, when a previously missing informal-financial sector component is integrated into the definition, mobile phone penetration has a positive correlation with informal financial development. Three implications result: there is a growing role of informal finance; mobile phone penetration may not be positively assessed at a macroeconomic level by traditional financial development indicators and; it is a wake-up call for scholarly research on informal financial development indicators which will oriented monetary policy. |
7. | Asongu, Simplice A How has Mobile Phone Penetration Stimulated Financial Development in Africa? 2012. Abstract | Links | BibTeX | Tags: Banking; Mobile Phones; Shadow Economy; Financial Development; Africa @workingpaper{Asongu2012bf, title = {How has Mobile Phone Penetration Stimulated Financial Development in Africa?}, author = {Simplice A Asongu}, editor = {African 2012 Governance and Development Institute WP/12/026}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/How-has-mobile-phone-penetration-stimulated-financial-development-in-Africa.pdf}, year = {2012}, date = {2012-09-01}, abstract = {In the first macroeconomic empirical assessment of the relationship between mobile phones and finance, this paper examines the correlations between mobile phone penetration and financial development using two conflicting definitions of the financial system in the financial development literature. With the traditional IFS (2008) definition, mobile phone penetration has a negative correlation with traditional financial intermediary dynamics of depth, activity and size. However, when a previously missing informal-financial sector component is integrated into the definition, mobile phone penetration has a positive correlation with informal financial development. Three implications result: there is a growing role of informal finance; mobile phone penetration may not be positively assessed at a macroeconomic level by traditional financial development indicators and; it is a wake-up call for scholarly research on informal financial development indicators which will oriented monetary policy.}, keywords = {Banking; Mobile Phones; Shadow Economy; Financial Development; Africa}, pubstate = {published}, tppubtype = {workingpaper} } In the first macroeconomic empirical assessment of the relationship between mobile phones and finance, this paper examines the correlations between mobile phone penetration and financial development using two conflicting definitions of the financial system in the financial development literature. With the traditional IFS (2008) definition, mobile phone penetration has a negative correlation with traditional financial intermediary dynamics of depth, activity and size. However, when a previously missing informal-financial sector component is integrated into the definition, mobile phone penetration has a positive correlation with informal financial development. Three implications result: there is a growing role of informal finance; mobile phone penetration may not be positively assessed at a macroeconomic level by traditional financial development indicators and; it is a wake-up call for scholarly research on informal financial development indicators which will oriented monetary policy. |
8. | Asongu, Simplice A How has Mobile Banking Stimulated Financial Development in Africa? 2012. Abstract | Links | BibTeX | Tags: Banking; Mobile Phones; Shadow Economy; Financial Development; Africa @workingpaper{Asongu2012bo, title = {How has Mobile Banking Stimulated Financial Development in Africa?}, author = {Simplice A Asongu}, editor = {African 2012 Governance and Development Institute WP/12/027}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/How-has-mobile-banking-stimulated-financial-development-in-Africa.pdf}, year = {2012}, date = {2012-05-01}, abstract = {In the first empirical assessment of the incidence of mobile banking on financial intermediary development in Africa, we use two definitions of the financial system: the traditional IFS (2008) and Asongu (2011) measures of financial sector importance. When the conception of a financial system is based only on banks and other financial institution (IFS, 2008), mobile banking has a negative incidence on traditional financial intermediary dynamics of depth, activity and size. However, when a previously missing informal-financial sector component is integrated into the definition (Asongu, 2011), mobile-banking has a positive incidence on informal financial intermediary development. Three major implications result from the findings. (1) There is a growing role of informal finance in developing countries. (2) The incidence of the burgeoning phenomenon of mobile-banking cannot be effectively assessed at a macroeconomic level by traditional financial development indicators. (3) It is a wake-up call for scholarly research on informal financial intermediary development indicators which will oriented monetary policy; since a great chunk of the monetary base(M0) in less developed countries is now captured by mobile-banking.}, keywords = {Banking; Mobile Phones; Shadow Economy; Financial Development; Africa}, pubstate = {published}, tppubtype = {workingpaper} } In the first empirical assessment of the incidence of mobile banking on financial intermediary development in Africa, we use two definitions of the financial system: the traditional IFS (2008) and Asongu (2011) measures of financial sector importance. When the conception of a financial system is based only on banks and other financial institution (IFS, 2008), mobile banking has a negative incidence on traditional financial intermediary dynamics of depth, activity and size. However, when a previously missing informal-financial sector component is integrated into the definition (Asongu, 2011), mobile-banking has a positive incidence on informal financial intermediary development. Three major implications result from the findings. (1) There is a growing role of informal finance in developing countries. (2) The incidence of the burgeoning phenomenon of mobile-banking cannot be effectively assessed at a macroeconomic level by traditional financial development indicators. (3) It is a wake-up call for scholarly research on informal financial intermediary development indicators which will oriented monetary policy; since a great chunk of the monetary base(M0) in less developed countries is now captured by mobile-banking. |