Financial Inclusion Disparities in the European Union
The European Union is a leader when it comes to various inclusion indicators. At first glance, this would suggest that the EU enjoys a high level of financial inclusion. The analysis we performed reveals that the EU-level averages often hide extremes. While Western European countries have a very hig...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University
2021-06-01
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| Series: | Global Economic Observer |
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| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_1/geo_2021_vol9_no1_art_009.pdf |
| Summary: | The European Union is a leader when it comes to various inclusion indicators. At first glance, this would suggest that the EU enjoys a high level of financial inclusion. The analysis we performed reveals that the EU-level averages often hide extremes. While Western European countries have a very high level of financial inclusion, when we look at the countries in Eastern Europe, we can even talk about a financial exclusion of the population. The study relies on three sets of indicators, related to the use, geographical access, and digitalization of financial services. On a positive note, inclusion indicators have improved over the analyzed period. However, this improvement took place at different paces for the Member States and, as a result, disparities not only persisted, but even deepened in many cases. |
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| ISSN: | 2343-9742 2343-9750 |