@article{490a58b431cc4864b33330c0a640da77,
title = "Reaching out to the unbanked: The role of political ideology in financial inclusion",
abstract = "This paper studies the effect of political ideology on household financial inclusion. Financial inclusion is the access to formal financial services and provides an entry key for people to participate in the economy. Using granular data of 65 countries, we find that financial inclusion is higher under right-wing regimes than under left-wing governments. We use regression discontinuity design and propensity-score matching to address endogeneity issues. We investigate multiple channels for the effect and conclude that right-wing market-oriented policies are more successful in enhancing financial inclusion than left-wing societal policies.",
keywords = "Financial inclusion, Government ideology, Mobile banking, Political ideology",
author = "Jong, {Abe de} and Shahriar, {Abu Zafar} and Farhan Shazia",
note = "Funding Information: ☆ ☆The authors thank two anonymous reviewers, Zhe An, Galina Borisova Hale, Tony Cavoli (discussant), Silvio Contessi, Fangjian Fu, Zhiguo He, Niels Hermes, Brett Inder, Peta Mills, Hassan Naqvi, Hoa Nguyen (discussant), Yoshio Nozawa, Buhui Qiu, Kasper Roszbach (the editor), Xiaoyun Yu, and participants of the Finance, Property, Technology and the Economy Conference (2019) and the Australasian AID Conference (2020) for helpful comments. This work was not supported by a specific grant from funding agencies in the public, commercial, or not-for-profit sectors. Publisher Copyright: {\textcopyright} 2022 Elsevier Ltd",
year = "2022",
month = sep,
doi = "10.1016/j.jimonfin.2022.102678",
language = "English",
volume = "126",
journal = "Journal of International Money and Finance",
issn = "0261-5606",
publisher = "ELSEVIER SCI LTD",
}