Date of Award

Fall 2019

Degree Type

Restricted to Claremont Colleges Dissertation

Degree Name

Management, PhD


Peter F. Drucker and Masatoshi Ito Graduate School of Management

Advisor/Supervisor/Committee Chair

Jay Prag

Dissertation or Thesis Committee Member

James S. Wallace

Dissertation or Thesis Committee Member

Michael Imerman

Terms of Use & License Information

Terms of Use for work posted in Scholarship@Claremont.

Rights Information

© 2019 Arzu K Can


banking, economy, Financial Inclusion, financial institutions, Global priorities, Index

Subject Categories

Economics | Finance


In recent years, as the importance of inclusive financial systems has been recognized globally, the promotion of financial inclusion has become a policy priority for many countries and international organizations. Although there are a number of studies that provide valuable information on particular aspects of financial inclusion, the literature still lacks a composite index that can be used both to measure the level of financial inclusion of countries and determine the contributions of all dimensions of financial inclusion to the overall index. The purpose of this paper is to introduce a comprehensive composite financial inclusion index that captures several dimensions using a larger combined data set than previous studies and highlight the impact of causal factors on financial inclusion. This index can help policy makers diagnose the level of financial inclusion, set reasonable targets, track progress of the policy initiatives undertaken to promote financial inclusion and assess the outcomes of reforms.