Mala Raghavan

Mala RaghavanMala Raghavan is a Senior Lecturer in macroeconomics at the University of Tasmania and a Research Associate of CAMA, ANU. Mala's research and teaching interests are in the areas of Macroeconomic Policies, International Economics and Development Economics with particular focus on Asian and Emerging economies. Her research agenda is mainly to understand the dynamics of global economic and financial integration and the effects of various international shocks on small open economies and the effectiveness of macroeconomic policies in mitigating these shocks. Mala’s recent research interest expands into areas concerning inclusive growth. She holds a Ph.D. in Econometrics from Monash University and has published several articles on international economic and macroeconomic policy issues.

Papers Published in World Economics:

Financial Inclusion Index

Existing indices that are used to measure financial inclusion are not comprehensive. This study reports on the development and testing of a comprehensive measure of financial inclusion. The measure was applied to 189 countries from 2010 to 2015. Among the top 50 highly financially inclusive countries 34% are from Europe and Central Asia. In contrast, only 4% of the countries are from South Asia. The resulting index is multidimensional, uses the maximum available information, satisfies important mathematical properties and can be used to compare the level of financial inclusion over time and across economies.

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