Achieving Financial Inclusion: Whatever It Takes

Abstract

Purpose: This chapter examines some policy ideas on how to achieve high levels of financial inclusion. It explores policy options that can be used to achieve greater levels of financial inclusion.

Methodology: The chapter uses a discursive approach to analyse the steps to achieving full financial inclusion.

Findings: The chapter offers some suggestions on how to achieve full financial inclusion. They include reducing interest rates, introducing conditional low-interest rates, supporting monetary policies with social security payments, reducing taxes, using targeted government spending, supporting fiscal policies with conditional tax rebate and tax exemptions, financial inclusion–environment decoupling, de-risking the financial system, and ring-fencing banking for the poor.

Originality: This study contributes to the financial inclusion literature by exploring additional ways to achieve high levels of financial inclusion.

Citation

Ozili, P.K. (2022), "Achieving Financial Inclusion: Whatever It Takes", Grima, S., Özen, E. and Boz, H. (Ed.) The New Digital Era: Other Emerging Risks and Opportunities (Contemporary Studies in Economic and Financial Analysis, Vol. 109B), Emerald Publishing Limited, Leeds, pp. 3-11. https://doi.org/10.1108/S1569-37592022000109B001