中东和北非地区的金融包容性、金融发展和金融稳定

IF 3.6 Q1 BUSINESS, FINANCE
Wael Ahmed Elgharib
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引用次数: 0

摘要

目的本研究旨在利用中东和北非(MENA)八个国家的面板数据,找出金融包容性和金融发展对金融稳定性的影响。为了实现研究目的,研究人员准备了金融包容性和治理两个指标,以找出金融发展对金融包容性和金融稳定性之间关系的影响。普惠金融的数据来自国际货币基金组织,金融发展和金融稳定的数据来自世界银行。研究结果固定效应法和随机效应法的结果表明,普惠金融对金融稳定有显著的正向影响。此外,在中东和北非国家,金融发展是对金融包容性和稳定性之间关系产生显著积极影响的调节变量。研究局限性/影响当前研究存在一些局限性,研究人员在今后的研究中必须注意。首先,在设计金融包容性的综合指标时,无法确定时间和成本等定性方面。其次,由于数据有限,我们只使用了中东和北非地区的八个国家。原创性/价值 本文通过证实或否认之前研究的结果,为金融包容性和金融稳定性之间的相关文献做出了贡献。此外,据作者所知,本文是唯一一篇使用综合指数计算金融包容性,解释中东和北非国家金融发展在金融包容性与稳定性之间关系的论文。最后,本研究旨在引起政府和政策制定者的关注,以建立一个能提高金融稳定性的普惠金融体系。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Financial inclusion, financial development and financial stability in MENA

Purpose

The study aims to find out the impact of financial inclusion and financial development on financial stability using panel data from eight countries in the Middle East and North Africa (MENA).

Design/methodology/approach

To achieve the aim of the study, the researcher prepared two indicators of financial inclusion and governance to find out the impact of financial development on the relationship between financial inclusion and financial stability. Data on financial inclusion was obtained from the International Monetary Fund, data on financial development and financial stability were obtained from the World Bank.

Findings

The results of the fixed and random effect methods show that financial inclusion has a significant positive effect on financial stability. Additionally, financial development represents a moderating variable in the significant positive effect on the relationship between financial inclusion and stability in the MENA countries.

Research limitations/implications

The current study suffers from some limitations that researchers must be aware of in future research. First, there is an inability to determine qualitative aspects such as time and cost when designing a composite indicator of financial inclusion. Second, due to limited data, we used only eight countries from the MENA. It is suggested to expand the sample to include other countries.

Originality/value

This paper contributes to the related literature between financial inclusion and financial stability by confirming or denying the results of previous studies. Also, to the best of the author’s knowledge, this paper is the only one that explains the role of financial development in the relationship between financial inclusion and stability in MENA countries, using a composite index to calculate financial inclusion. Finally, the study seeks to focus the attention of the government and policymakers to build a system of financial inclusion that leads to improving financial stability.

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来源期刊
CiteScore
4.30
自引率
0.00%
发文量
18
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