Munich Personal RePEc Archive

Developing an Index of Financial Inclusion: An Average Ratio Approach

Okpara, Godwin Chigozie (2013): Developing an Index of Financial Inclusion: An Average Ratio Approach.

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Abstract

As financial inclusion gains popularity in developed and developing economies, there is a need for a single index, (simple in computation with little or no assumptions) that pools together the financial inclusion indicators adopted by the IMF financial access survey. The various variants of financial inclusion indicators need to be pooled together in an easy manner into a value that depicts an index. This paper is faced with the challenge of filling the lacuna. To hold the bull by the horn, the author used average of ratio index method to come up with an index called chi-wins financial inclusion index (CFII).

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