促进金融稳定的最佳金融包容性：发展中国家的经验启示

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

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引用次数: 0

摘要

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

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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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance