Optimal financial inclusion for financial stability: Empirical insight from developing countries

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-11-15 DOI:10.1016/j.frl.2024.106467

Meriem Sebai, Omar Talbi, Hella Guerchi-Mehri

引用次数: 0

Abstract

This paper investigates the impact of financial inclusion on financial stability in 26 developing countries from 2004 to 2020. Using a panel smooth transition regression model, the results reveal a nonlinear relationship between financial inclusion and financial stability. Initially, financial inclusion enhances banking stability. However, beyond a certain point, increased financial inclusion gradually diminishes financial stability, exhibiting an inverted U-shaped relationship. These findings emphasize the importance of adopting a balanced financial inclusion strategy and an adaptive regulatory framework to mitigate potential risks to overall financial stability.

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促进金融稳定的最佳金融包容性：发展中国家的经验启示

本文研究了 2004 至 2020 年间 26 个发展中国家的金融包容性对金融稳定性的影响。利用面板平滑过渡回归模型，研究结果显示普惠金融与金融稳定性之间存在非线性关系。最初，普惠金融会增强银行业的稳定性。然而，超过一定程度后，金融包容性的增加会逐渐削弱金融稳定性，呈现出倒 U 型关系。这些发现强调了采取平衡的普惠金融战略和适应性监管框架以降低整体金融稳定性潜在风险的重要性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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