Monetary Economics, Banking and Policy

10 Liquidity preference and the digital financial inclusion illusion

Penelope Hawkins

DOI: 10.4324/9781003142317-11

Introduction

The digitalisation of financial services has dovetailed with increasing national and global determination to address the problem of financial exclusion. Financial inclusion has become synonymous with reducing poverty and inequality as well as enabling access to social transfers and health services. Governments and international organisations have adopted the mantra of the benefits of financial inclusion, with financial inclusion described as a public good – as important and basic as access to say, safe water or primary education (Khan, 2012). Best case scenarios for widespread financial inclusion are projected with ...