Exploring the nexus between financial sector reforms and the emergence of digital banking culture – Evidences from a developing country |
| |
Institution: | 1. Brevan Howard Centre, Imperial College London, London SW7 2AZ, United Kingdom;2. Wharton School, University of Pennsylvania, 3620 Locust Walk, Suite 2300, Philadelphia, PA 19104-6367, United States;3. Development Research Group, World Bank, Washington, DC, United States |
| |
Abstract: | Several financial and banking sector reform programs were instituted in different countries over the last three decades. The underlining purpose of these reforms was largely to improve banking sector supervision and regulation, introduce bank privatization mechanism, introduce clearance and settlement systems, infuse competition and to stimulate financial innovation. The objectives of this study are to 1) review the relevant published literature and market survey reports on the financial & banking sector reforms undertaken in Pakistan and elsewhere, 2) analyze how these reform programs develop digital banking culture and increase financial inclusion in the country and 3) guide future research by putting forward a research agenda. The findings of the study suggest a link between the financial and banking sector reforms and the stimulation of financial innovation; the promotion of digital banking culture; and the infusion of financial inclusion in Pakistan. We discuss managerial/policy implications of the study, limitations and presents recommendations for future research. |
| |
Keywords: | Financial and banking sector reforms Financial liberalization Digital banking Financial inclusion |
本文献已被 ScienceDirect 等数据库收录! |
|