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Financial Inclusion and Monetary Policy - Investigating the Relationship between Financial Inclusion and Monetary Policy: The Case of Egypt
In the past decade, financial inclusion has become an issue of increasing importance to developing nations. This is due to its perceived effects on poverty alleviation, sustainable growth and enhancing monetary policy effectiveness. Unfortunately, there is little empirical research on the effects of...
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| Format: | Thesis |
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AUC Knowledge Fountain
2022
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| _version_ | 1867613421070974976 |
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| access_status_str | Open Access |
| author | Maher, Salma |
| author_browse | Maher, Salma |
| author_facet | Maher, Salma |
| author_sort | Maher, Salma |
| collection | Thesis |
| description | In the past decade, financial inclusion has become an issue of increasing importance to developing nations. This is due to its perceived effects on poverty alleviation, sustainable growth and enhancing monetary policy effectiveness. Unfortunately, there is little empirical research on the effects of financial inclusion. The thesis hopes to contribute to the literature by inspecting the relationship between financial utilization indices and monetary policy in Egypt. The thesis utilizes quarterly data on outstanding deposits and loans from 2004 to 2020 as well as a VAR model – supplemented with an ARDL model – to test the aforementioned relationship. The thesis contributes to the literature by inspecting which of the following sectors – households or SMEs – are more conducive to monetary policy efficiency in order to develop more tailored policy recommendation. The findings imply a significant and negative relationship between total deposits by both households and SMEs to inflation. Some specifications imply the existence of a significant positive relationship between loans authorized to SMEs and inflation, implying an instance of over indebtedness in the sector that can impact the overall financial stability |
| format | Thesis |
| id | oai:fount.aucegypt.edu:etds-2875 |
| institution | American University in Cairo (Egypt) |
| last_indexed | 2026-06-10T12:35:51.500Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from AUC Knowledge Fountain — bepress |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | AUC Knowledge Fountain |
| publisherStr | AUC Knowledge Fountain |
| record_format | dspace |
| source_str | AUC Knowledge Fountain — bepress |
| spelling | oai:fount.aucegypt.edu:etds-2875 Financial Inclusion and Monetary Policy - Investigating the Relationship between Financial Inclusion and Monetary Policy: The Case of Egypt Maher, Salma In the past decade, financial inclusion has become an issue of increasing importance to developing nations. This is due to its perceived effects on poverty alleviation, sustainable growth and enhancing monetary policy effectiveness. Unfortunately, there is little empirical research on the effects of financial inclusion. The thesis hopes to contribute to the literature by inspecting the relationship between financial utilization indices and monetary policy in Egypt. The thesis utilizes quarterly data on outstanding deposits and loans from 2004 to 2020 as well as a VAR model – supplemented with an ARDL model – to test the aforementioned relationship. The thesis contributes to the literature by inspecting which of the following sectors – households or SMEs – are more conducive to monetary policy efficiency in order to develop more tailored policy recommendation. The findings imply a significant and negative relationship between total deposits by both households and SMEs to inflation. Some specifications imply the existence of a significant positive relationship between loans authorized to SMEs and inflation, implying an instance of over indebtedness in the sector that can impact the overall financial stability 2022-02-17T08:00:00Z thesis application/pdf https://fount.aucegypt.edu/etds/1856 https://fount.aucegypt.edu/context/etds/article/2875/viewcontent/salma_maher_abdelghany_thesis.pdf Theses and Dissertations AUC Knowledge Fountain Financial Inclusion Monetary Policy ARDL VAR Granger Causality Cointegration Impulse Response Function Econometrics Economic Policy Finance Growth and Development Macroeconomics |
| spellingShingle | Financial Inclusion Monetary Policy ARDL VAR Granger Causality Cointegration Impulse Response Function Econometrics Economic Policy Finance Growth and Development Macroeconomics Maher, Salma Financial Inclusion and Monetary Policy - Investigating the Relationship between Financial Inclusion and Monetary Policy: The Case of Egypt |
| title | Financial Inclusion and Monetary Policy - Investigating the Relationship between Financial Inclusion and Monetary Policy: The Case of Egypt |
| title_full | Financial Inclusion and Monetary Policy - Investigating the Relationship between Financial Inclusion and Monetary Policy: The Case of Egypt |
| title_fullStr | Financial Inclusion and Monetary Policy - Investigating the Relationship between Financial Inclusion and Monetary Policy: The Case of Egypt |
| title_full_unstemmed | Financial Inclusion and Monetary Policy - Investigating the Relationship between Financial Inclusion and Monetary Policy: The Case of Egypt |
| title_short | Financial Inclusion and Monetary Policy - Investigating the Relationship between Financial Inclusion and Monetary Policy: The Case of Egypt |
| title_sort | financial inclusion and monetary policy investigating the relationship between financial inclusion and monetary policy the case of egypt |
| topic | Financial Inclusion Monetary Policy ARDL VAR Granger Causality Cointegration Impulse Response Function Econometrics Economic Policy Finance Growth and Development Macroeconomics |
| url | https://fount.aucegypt.edu/etds/1856 https://fount.aucegypt.edu/context/etds/article/2875/viewcontent/salma_maher_abdelghany_thesis.pdf |
| work_keys_str_mv | AT mahersalma financialinclusionandmonetarypolicyinvestigatingtherelationshipbetweenfinancialinclusionandmonetarypolicythecaseofegypt |