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【国际发展论坛第32期】Is Financial Inclusion Good for Banks?

2019-07-10

Time: 10:00am – 11:30am, July 10th, 2019

Venue: Wanzhong First Floor Classroom, Langrun Garden, Peking University (朗润园万众一楼大教室)

Speaker: Dr. Sushanta Mallick

 

Abstract:

 

Using data for 1,740 banks from 86 countries over the period 2004-2015, this paper contributes to the ongoing policy debate on whether greater financial inclusion can help improve bank performance, even in the presence of financial regulation. We, first, document a strong positive association between financial inclusion and bank efficiency, and then show that this association is stronger in countries with limited restrictions on banking activities, less barriers on foreign bank entry, and more capital regulation stringency. Exploring plausible channels, we find that greater financial inclusion helps banks reduce the volatility of their deposit-funding share, providing more stable long-term funds for banks while also mitigating the negative effects of their return volatility. Exploiting cross-country and temporal variation in the timing of inclusive financial agenda with hand-collected data on membership of an inclusive policy network of countries to actively promote inclusiveness, we also show, using a difference-in-differences estimator, that an enabling inclusive financial environment has positive impact on bank performance. Thus the significant benefits of inclusive banking have ramifications for enabling regulatory incentives to promote inclusive financial intermediation.

 

 

Speaker:

 

Dr. Sushanta Mallick is a Professor of International Finance at the School of Business and Management, Queen Mary University of London, UK. Also, since January 2015, he has been the Co-editor-in-Chief of ‘Economic Modelling’ – a leading 35-year old scholarly journal published by Elsevier. He holds a PhD in economics from the University of Warwick, UK. Before joining Queen Mary in October 2006, he held positions at the Department of Economics, Loughborough University, UK [2003-2006]; Royal Institute of International Affairs (Chatham House), London, UK [2001-2003]; JPMorgan Chase (previously Chase Manhattan Bank) based in Hong Kong [1999-2001], and Institute for Social and Economic Change (with a year at Indian Statistical Institute), Bangalore, India [1991-1995] where he began his research career followed by a Commonwealth Scholarship to study for a Ph.D. in economics [1995-1998] at the University of Warwick, UK. In addition to publishing a book from his Ph.D. research (Ashgate Publishing, 1999), he has contributed articles to 13 edited volumes along with publishing widely in many international refereed journals. He has nearly 90 peer-reviewed journal articles published in the areas of international economics & finance and development. His academic work has been mainly focused on issues in macroeconomic policy, international finance and economic development. He has researched different aspects of international economics and finance at both the macro and micro-economic levels. As well as monetary and financial issues, his published research includes issues connected with growth, development, and poverty. He has also carried out a substantial amount of work on various aspects of macroeconomic modelling. His work has been published in journals such as: European Journal of Operational Research, Journal of Economic Behavior & Organization, Kyklos, Economic Inquiry, World Development, Journal of Financial Stability, European Financial Management, Industrial Relations, Physical Review E, Review of Income and Wealth, Journal of International Money and Finance, Economics Letters, Macroeconomic Dynamics, Europhysics Letters (EPL), Journal of the Operational Research Society, Journal of Development Studies, Journal of Macroeconomics, Cambridge Journal of Economics, IMF Staff Papers (now IMF Economic Review), Physica A, and many others.

 

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The New Structural Economics & International Development Forum

 

The New Structural Economics & International Development Forum was initiated in March 2016 by the Institute of New Structural Economics (INSE). It is co-organized with the Institute of South-South Cooperation and Development (ISSCAD) at Peking University. The INSE aspires to advance the frontier research on structural change and help developing countries to promote economic structural transformation. The Forum aims to bridge the gap between research and practice by hosting high-profile, open and equal conversations among scholars, professionals, policy makers and entrepreneurs in the field of international development.