Authors: Ram Paudel, Alex Shrem, Uttam Thapa

Abstract: This paper examines why excess liquidity, remittance inflows, and financial deepening in Nepal have failed to translate into productive entrepreneurship, with implications for central bank governance, financial inclusion, and innovation-led development. The paper adopts a conceptual and policy-analytical approach rather than an empirical estimation.

DOI: https://doi.org/10.5281/zenodo.18754205