Peterson K Ozili
Biographic Data
| ID | 3488056 |
|---|---|
| NAME | Peterson K Ozili |
| GIVEN NAMES | Peterson K |
| FAMILY NAME | Ozili |
| SIGNATURE | OZILI P K |
| AFFILIATIONS | Central Bank of Nigeria Abuja Nigeria |
| ORCID | 0000-0001-6292-1161 |
| VERIFIED | Yes |
| TOTAL WORKS | 19 |
| TOTAL CITATIONS | 7 |
| AUTHOR COUNT | 19 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2018 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 1 |
Financial Inclusion of Older Adults
Financial inclusion entails ownership of a formal account, such as a bank account, fintech account, or mobile money account, which can be used to access basic financial services and to send or receive digital payments. This essay analyzes the global and regional trends in financial inclusion of the older population. A descriptive analysis of the World Bank Global Findex 2021 microdata for the older age group was conducted. The findings reveal tha…
War and Digital Financial Inclusion
This article explores the trend in digital financial inclusion during war. It also explores the importance and challenges of digital financial inclusion during war. War and armed conflict adversely affect people. Their struggle to survive the war becomes even more difficult when they are unable to visit a bank branch to access formal financial services during war due to lockdowns and curfews that lead to the closure of physical financial access p…
Financial Inclusion for Everyone or for Some People
Increasing the level of financial inclusion or digital financial inclusion is an important step towards financial and economic development. But what has been controversial in recent times is the question: “for who?” The controversy, which has arisen from the limits of for-profit financial service providers and the personal choice of individuals, raises a fundamental question, which is whether financial inclusion should be aimed at everyone or for…
Technology impact model
Macro Determinants of Global Financial Inclusion
Financial Inclusion and Digital Financial Inclusion of Forcibly Displaced Persons
Forced displacement poses a challenge to development. It displaces men, women, and children from their places of residence, making them strangers in another community and country. In the host country, they often lack legal identity. As a result, they cannot access basic formal financial services because financial service providers won’t serve them without formal legal identification. This puts forcibly displaced persons in a vulnerable situation.…
Impact of credit expansion and contraction on unemployment
Purpose We investigate the impact of private credit expansion and contraction on the unemployment rate in Economic Community of West African States (ECOWAS) countries. Design/methodology/approach Credit expansion and contraction are measured using a three-level criterion. The fixed effect panel regression model was used to estimate the impact of private credit contraction and expansion on the unemployment rate in ECOWAS countries. Findings Privat…
Comparative Analysis of Financial Inclusion in Nigeria, Sub-Saharan Africa, and the World
Using six widely accepted indicators, this study compares the progress made in financial inclusion in Nigeria, Sub-Saharan Africa, and the rest of the World, with a view to deducing lessons that each entity can improve upon. We find that Nigeria outperformed Sub-Saharan Africa in three indicators of financial inclusion while Sub-Saharan Africa did better than Nigeria in one metric. Nigeria and Sub-Saharan Africa exceeded the world average in info…
Dissatisfaction Theory of Financial Inclusion
In explaining the cause of financial exclusion, dissatisfaction with the formal financial system stands out as a possible cause of financial exclusion according to the dissatisfaction theory of financial inclusion. This article revisits the dissatisfaction theory of financial inclusion and extends the theory by providing an elaborate discussion of (i) the relationship between customer dissatisfaction and financial inclusion using a grid; (ii) the…
Vulnerable Group Theory of Financial Inclusion
In this article, I propose the vulnerable group theory of financial inclusion. The theory begins with the premise that vulnerable people are often left behind in society, they suffer the most from economic hardship and crises, and they are at risk of being excluded from the formal financial sector. The theory therefore proposes that financial inclusion efforts should be targeted at all vulnerable people and groups in society. Bringing vulnerable …
Why is financial inclusion so popular? An analysis of development buzzwords
We analyse the popularity of the term ‘financial inclusion’ in relation to other development buzzwords. We extract trend data for multiple development buzzwords across countries and cities from 2004 to 2022, and we run a series of empirical analyses. We find that the ‘financial inclusion’ buzzword is popular because the term ‘financial inclusion’ is correlated with other development buzzwords, particularly ‘microfinance’, ‘digital finance’, ‘incl…
The Acceptable R-Square in Empirical Modelling for Social Science Research
This chapter examines the acceptable R-square in social science empirical modelling with particular focus on why a low R-square model is acceptable in empirical social science research. The paper shows that a low R-square model is not necessarily bad. This is because the goal of most social science research modelling is not to predict human behaviour. Rather, the goal is often to assess whether specific predictors or explanatory variables have a …
Financial Inclusion Expectation Gap
The objective of this article is to define the financial inclusion expectation gap, offer some insight into the nature and the causes of it, and suggest ways to reduce the gap. The discussion in the article provides helpful insights into this problem towards achieving the United Nations Sustainable Development Goals. It is hoped that such an attempt can provide insights to understand the expectation gap in financial inclusion
Can social inclusion policies promote financial inclusion
Purpose This study aims to examine whether social inclusion policies promote financial inclusion. Three social inclusion policies were analyzed: gender equality policies, environmental sustainability policies and social protection (SP) policies. Design/methodology/approach The study used the panel fixed effect regression methodology to analyze data from 48 low- and medium-income countries. Findings The results show that social inclusion policies …
Fault Lines in Financial Inclusion
Financial inclusion has been a global development policy priority over the last two decades. Financial inclusion involves providing access to basic financial services and the use of basic financial services to improve the welfare of individuals, households, and businesses. This article identifies the fault lines or vulnerabilities in the way financial inclusion is achieved. These fault lines or vulnerabilities arise from the overreliance on profi…
Covid-19 in Africa
Purpose This paper examines the socio-economic impact of COVID-19 and the policy response in African countries. Design/methodology/approach This study uses discourse analysis to analyse the socio-economic impact of COVID-19 in Africa. Findings The findings reveal that African countries have been affected by the coronavirus pandemic, and the effect was more severe for African regions compared to other regions. The rising pandemic affected social i…
Financial inclusion research around the world
This paper provides a comprehensive review of the recent evidence on financial inclusion from all the regions of the World. It identifies the emerging themes in the financial inclusion literature as well as some controversy in policy circles regarding financial inclusion. In particular, I draw attention to some issues such as optimal financial inclusion, extreme financial inclusion, how financial inclusion can transmit systemic risks to the forma…
Spillover of Covid-19
Impact of digital finance on financial inclusion and stability
This article provides a discussion on some issues associated with digital finance – an area which has not been critically addressed in the literature. Digital finance and financial inclusion has several benefits to financial services users, digital finance providers, governments and the economy; notwithstanding, a number of issues still persist which if addressed can make digital finance work better for individuals, businesses and governments. Th…
Covid-19 in Africa
Purpose This paper examines the socio-economic impact of COVID-19 and the policy response in African countries. Design/methodology/approach This study uses discourse analysis to analyse the socio-economic impact of COVID-19 in Africa. Findings The findings reveal that African countries have been affected by the coronavirus pandemic, and the effect was more severe for African regions compared to other regions. The rising pandemic affected social i…
Can social inclusion policies promote financial inclusion
Purpose This study aims to examine whether social inclusion policies promote financial inclusion. Three social inclusion policies were analyzed: gender equality policies, environmental sustainability policies and social protection (SP) policies. Design/methodology/approach The study used the panel fixed effect regression methodology to analyze data from 48 low- and medium-income countries. Findings The results show that social inclusion policies …
Impact of digital finance on financial inclusion and stability
This article provides a discussion on some issues associated with digital finance – an area which has not been critically addressed in the literature. Digital finance and financial inclusion has several benefits to financial services users, digital finance providers, governments and the economy; notwithstanding, a number of issues still persist which if addressed can make digital finance work better for individuals, businesses and governments. Th…
Spillover of Covid-19
Financial inclusion research around the world
This paper provides a comprehensive review of the recent evidence on financial inclusion from all the regions of the World. It identifies the emerging themes in the financial inclusion literature as well as some controversy in policy circles regarding financial inclusion. In particular, I draw attention to some issues such as optimal financial inclusion, extreme financial inclusion, how financial inclusion can transmit systemic risks to the forma…
Fault Lines in Financial Inclusion
Financial inclusion has been a global development policy priority over the last two decades. Financial inclusion involves providing access to basic financial services and the use of basic financial services to improve the welfare of individuals, households, and businesses. This article identifies the fault lines or vulnerabilities in the way financial inclusion is achieved. These fault lines or vulnerabilities arise from the overreliance on profi…
Covid-19 in Africa
Purpose This paper examines the socio-economic impact of COVID-19 and the policy response in African countries. Design/methodology/approach This study uses discourse analysis to analyse the socio-economic impact of COVID-19 in Africa. Findings The findings reveal that African countries have been affected by the coronavirus pandemic, and the effect was more severe for African regions compared to other regions. The rising pandemic affected social i…
The Acceptable R-Square in Empirical Modelling for Social Science Research
This chapter examines the acceptable R-square in social science empirical modelling with particular focus on why a low R-square model is acceptable in empirical social science research. The paper shows that a low R-square model is not necessarily bad. This is because the goal of most social science research modelling is not to predict human behaviour. Rather, the goal is often to assess whether specific predictors or explanatory variables have a …
Financial Inclusion Expectation Gap
The objective of this article is to define the financial inclusion expectation gap, offer some insight into the nature and the causes of it, and suggest ways to reduce the gap. The discussion in the article provides helpful insights into this problem towards achieving the United Nations Sustainable Development Goals. It is hoped that such an attempt can provide insights to understand the expectation gap in financial inclusion
Can social inclusion policies promote financial inclusion
Purpose This study aims to examine whether social inclusion policies promote financial inclusion. Three social inclusion policies were analyzed: gender equality policies, environmental sustainability policies and social protection (SP) policies. Design/methodology/approach The study used the panel fixed effect regression methodology to analyze data from 48 low- and medium-income countries. Findings The results show that social inclusion policies …
Comparative Analysis of Financial Inclusion in Nigeria, Sub-Saharan Africa, and the World
Using six widely accepted indicators, this study compares the progress made in financial inclusion in Nigeria, Sub-Saharan Africa, and the rest of the World, with a view to deducing lessons that each entity can improve upon. We find that Nigeria outperformed Sub-Saharan Africa in three indicators of financial inclusion while Sub-Saharan Africa did better than Nigeria in one metric. Nigeria and Sub-Saharan Africa exceeded the world average in info…
Dissatisfaction Theory of Financial Inclusion
In explaining the cause of financial exclusion, dissatisfaction with the formal financial system stands out as a possible cause of financial exclusion according to the dissatisfaction theory of financial inclusion. This article revisits the dissatisfaction theory of financial inclusion and extends the theory by providing an elaborate discussion of (i) the relationship between customer dissatisfaction and financial inclusion using a grid; (ii) the…
Vulnerable Group Theory of Financial Inclusion
In this article, I propose the vulnerable group theory of financial inclusion. The theory begins with the premise that vulnerable people are often left behind in society, they suffer the most from economic hardship and crises, and they are at risk of being excluded from the formal financial sector. The theory therefore proposes that financial inclusion efforts should be targeted at all vulnerable people and groups in society. Bringing vulnerable …
Why is financial inclusion so popular? An analysis of development buzzwords
We analyse the popularity of the term ‘financial inclusion’ in relation to other development buzzwords. We extract trend data for multiple development buzzwords across countries and cities from 2004 to 2022, and we run a series of empirical analyses. We find that the ‘financial inclusion’ buzzword is popular because the term ‘financial inclusion’ is correlated with other development buzzwords, particularly ‘microfinance’, ‘digital finance’, ‘incl…
Technology impact model
Macro Determinants of Global Financial Inclusion
Financial Inclusion and Digital Financial Inclusion of Forcibly Displaced Persons
Forced displacement poses a challenge to development. It displaces men, women, and children from their places of residence, making them strangers in another community and country. In the host country, they often lack legal identity. As a result, they cannot access basic formal financial services because financial service providers won’t serve them without formal legal identification. This puts forcibly displaced persons in a vulnerable situation.…
Impact of credit expansion and contraction on unemployment
Purpose We investigate the impact of private credit expansion and contraction on the unemployment rate in Economic Community of West African States (ECOWAS) countries. Design/methodology/approach Credit expansion and contraction are measured using a three-level criterion. The fixed effect panel regression model was used to estimate the impact of private credit contraction and expansion on the unemployment rate in ECOWAS countries. Findings Privat…
Financial Inclusion of Older Adults
Financial inclusion entails ownership of a formal account, such as a bank account, fintech account, or mobile money account, which can be used to access basic financial services and to send or receive digital payments. This essay analyzes the global and regional trends in financial inclusion of the older population. A descriptive analysis of the World Bank Global Findex 2021 microdata for the older age group was conducted. The findings reveal tha…
War and Digital Financial Inclusion
This article explores the trend in digital financial inclusion during war. It also explores the importance and challenges of digital financial inclusion during war. War and armed conflict adversely affect people. Their struggle to survive the war becomes even more difficult when they are unable to visit a bank branch to access formal financial services during war due to lockdowns and curfews that lead to the closure of physical financial access p…
Financial Inclusion for Everyone or for Some People
Increasing the level of financial inclusion or digital financial inclusion is an important step towards financial and economic development. But what has been controversial in recent times is the question: “for who?” The controversy, which has arisen from the limits of for-profit financial service providers and the personal choice of individuals, raises a fundamental question, which is whether financial inclusion should be aimed at everyone or for…
Financial inclusion (13 works) · Financial services (13 works) · Economics (12 works) · Microfinance and Financial Inclusion (11 works) · Business (10 works) · Finance (8 works) · Sociology (8 works) · Financial Literacy, Pension, Retirement Analysis (7 works) · Social science (6 works) · Financial system (5 works)