The appropriate level of financial inclusion: The perspective of financial stability
We construct a global financial inclusion index using data from the World Bank, IMF, and V-Lab and propose an inverted U-shaped relationship between financial inclusion and financial stability. The empirical evidence supports our hypotheses, and the impact of financial inclusion on financial stabili...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
KeAi Communications Co. Ltd.
2023-09-01
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| Series: | China Economic Quarterly International |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666933123000291 |
| _version_ | 1797633270274326528 |
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| author | Xiuping Hua Jianda Bi Haoqian Shi |
| author_facet | Xiuping Hua Jianda Bi Haoqian Shi |
| author_sort | Xiuping Hua |
| collection | DOAJ |
| description | We construct a global financial inclusion index using data from the World Bank, IMF, and V-Lab and propose an inverted U-shaped relationship between financial inclusion and financial stability. The empirical evidence supports our hypotheses, and the impact of financial inclusion on financial stability is less prominent under strong regulation and supervision. In addition, we use our constructed financial inclusion index, capital adequacy ratio, market power, and macroeconomic variables to simulate and predict the financial crisis. Our research has important policy implications and provides valuable insights to financial regulatory authorities in making decisions related to financial inclusion and financial stability. |
| first_indexed | 2024-03-11T11:51:43Z |
| format | Article |
| id | doaj.art-3d097a751a8f4e9c9d8075e9da91481b |
| institution | Directory Open Access Journal |
| issn | 2666-9331 |
| language | English |
| last_indexed | 2024-03-11T11:51:43Z |
| publishDate | 2023-09-01 |
| publisher | KeAi Communications Co. Ltd. |
| record_format | Article |
| series | China Economic Quarterly International |
| spelling | doaj.art-3d097a751a8f4e9c9d8075e9da91481b2023-11-09T04:12:00ZengKeAi Communications Co. Ltd.China Economic Quarterly International2666-93312023-09-0133167178The appropriate level of financial inclusion: The perspective of financial stabilityXiuping Hua0Jianda Bi1Haoqian Shi2Nottingham University, Business School, China; UNNC-NFTZ Blockchain Laboratory, ChinaNottingham University, Business School, China; UNNC-NFTZ Blockchain Laboratory, China; Corresponding author. Room 455, Trent Building, No. 199 Taikang East Road, Ningbo, 315100, China.Nottingham University, Business School, China; Centre for Inclusive Finance, University of Nottingham, Ningbo, ChinaWe construct a global financial inclusion index using data from the World Bank, IMF, and V-Lab and propose an inverted U-shaped relationship between financial inclusion and financial stability. The empirical evidence supports our hypotheses, and the impact of financial inclusion on financial stability is less prominent under strong regulation and supervision. In addition, we use our constructed financial inclusion index, capital adequacy ratio, market power, and macroeconomic variables to simulate and predict the financial crisis. Our research has important policy implications and provides valuable insights to financial regulatory authorities in making decisions related to financial inclusion and financial stability.http://www.sciencedirect.com/science/article/pii/S2666933123000291G20G10N20 |
| spellingShingle | Xiuping Hua Jianda Bi Haoqian Shi The appropriate level of financial inclusion: The perspective of financial stability China Economic Quarterly International G20 G10 N20 |
| title | The appropriate level of financial inclusion: The perspective of financial stability |
| title_full | The appropriate level of financial inclusion: The perspective of financial stability |
| title_fullStr | The appropriate level of financial inclusion: The perspective of financial stability |
| title_full_unstemmed | The appropriate level of financial inclusion: The perspective of financial stability |
| title_short | The appropriate level of financial inclusion: The perspective of financial stability |
| title_sort | appropriate level of financial inclusion the perspective of financial stability |
| topic | G20 G10 N20 |
| url | http://www.sciencedirect.com/science/article/pii/S2666933123000291 |
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