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The Impact of Financial Inclusion on Financial Stability in Arab Countries

المصدر: مجلة العلوم الإدارية والمالية
الناشر: جامعة الشهيد حمه لخضر الوادي - كلية العلوم الاقتصادية والتجارية وعلوم التسيير
المؤلف الرئيسي: Zouaouia, Hallam (Author)
مؤلفين آخرين: Aksa, Ahlem (Co-Author)
المجلد/العدد: مج6, ع2
محكمة: نعم
الدولة: الجزائر
التاريخ الميلادي: 2022
الشهر: ديسمبر
الصفحات: 399 - 412
DOI: 10.37644/1939-006-002-021
ISSN: 2602-6139
رقم MD: 1350343
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
مواضيع:
كلمات المؤلف المفتاحية:
Financial Inclusion | Financial Stability | Z-Score | Panel Regression | Arab Countries
رابط المحتوى:
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المستخلص: 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 have 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.

ISSN: 2602-6139