The impact of financial inclusion on financial stability in Arab countries
Joint Authors
Source
Administrative and Financial Sciences Review
Issue
Vol. 6, Issue 2 (31 Dec. 2022), pp.399-412, 14 p.
Publisher
University of Eloued Faculty of Economics Commercial and Management Sciences
Publication Date
2022-12-31
Country of Publication
Algeria
No. of Pages
14
Main Subjects
Financial and Accounting Sciences
Topics
Abstract EN
This paper intends to explore the relationship between financial inclusion and financial stability under the scope of Arab economies.
The linkage will be thoroughly investigated with z-score index and financial inclusion.
Inclusive financial system is assessed by two dimensions: usage of financial services and access to the financial system.
Using panel data of 2004-2020, this study empirically investigated whether financial inclusion contribution to country's financial stability measured by z-score.
We apply fixed effects regression and random effects regression to capture the impacts of financial inclusion upon financial stability.
To enhance the robustness of the model, the Feasible Generalized Least Squares (FGLS) regression is therefore adopted as the solution for the random effects regression.
Robust results obtained from FGLS model show that financial inclusion variables measured by number of ATM's, CBB, DAC and LAC has mixed-effects on financial stability.
GDP, M2 and OP are introduced to the model as control variables.
The findings exhibit an overall weak positive/ negative influence of financial inclusion on financial stability in Arab countries.
American Psychological Association (APA)
Zuwayah, Hallam& Aksah, Ahlam. 2022. The impact of financial inclusion on financial stability in Arab countries. Administrative and Financial Sciences Review،Vol. 6, no. 2, pp.399-412.
https://search.emarefa.net/detail/BIM-1468133
Modern Language Association (MLA)
Zuwayah, Hallam& Aksah, Ahlam. The impact of financial inclusion on financial stability in Arab countries. Administrative and Financial Sciences Review Vol. 6, no. 2 (Dec. 2022), pp.399-412.
https://search.emarefa.net/detail/BIM-1468133
American Medical Association (AMA)
Zuwayah, Hallam& Aksah, Ahlam. The impact of financial inclusion on financial stability in Arab countries. Administrative and Financial Sciences Review. 2022. Vol. 6, no. 2, pp.399-412.
https://search.emarefa.net/detail/BIM-1468133
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 411-412
Record ID
BIM-1468133