NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Patricio Valenzuela

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Working Papers and Chapters

May 2014Resolving the African Financial Development Gap: Cross-Country Comparisons and a Within-Country Study of Kenya
with Franklin Allen, Elena Carletti, Robert Cull, Jun "QJ" Qian, Lemma Senbet
in African Successes: Modernization and Development, Sebastian Edwards, Simon Johnson, and David N. Weil, editors
April 2012Resolving the African Financial Development Gap: Cross-Country Comparisons and a Within-Country Study of Kenya
with Franklin Allen, Elena Carletti, Robert Cull, Jun Qian, Lemma Senbet: w18013
With extensive country- and firm-level data sets we first document that the financial sectors of most sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. We also find that population density appears to be considerably more important for banking sector development in Africa than elsewhere. To better understand how countries can overcome the high costs of developing viable banking sectors outside large metropolitan areas, we focus on Kenya, which has made significant strides in financial inclusion and development in recent years. We find a positive and significant impact of Equity Bank, a leading private commercial bank on financial access, especially for under-privileged households. Equity Bank’s business model—providing financia...

Forthcoming: Resolving the African Financial Development Gap: Cross-Country Comparisons and a Within-Country Study of Kenya, Franklin Allen, Elena Carletti, Robert Cull, Jun "QJ" Qian, Lemma Senbet, Patricio Valenzuela. in African Successes: Modernization and Development, Edwards, Johnson, and Weil. 2014

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

 
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