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 |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_1/geo_2021_vol9_no1_art_009.pdf |
| _version_ | 1818551732746059776 |
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| author | CRISTINA ZELDEA |
| author_facet | CRISTINA ZELDEA |
| author_sort | CRISTINA ZELDEA |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-12T09:03:49Z |
| format | Article |
| id | doaj.art-766bb4aee68a47cbbd75e30827dc94aa |
| institution | Directory Open Access Journal |
| issn | 2343-9742 2343-9750 |
| language | English |
| last_indexed | 2024-12-12T09:03:49Z |
| publishDate | 2021-06-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj.art-766bb4aee68a47cbbd75e30827dc94aa2022-12-22T00:29:44ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502021-06-01918290Financial Inclusion Disparities in the European UnionCRISTINA ZELDEA0Institute for World Economy, Romanian Academy Bucharest University of Economic Studies Bucharest ROMANIA, cristinazeldea@iem.ro 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.http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_1/geo_2021_vol9_no1_art_009.pdffinancial inclusionfinancial integrationdisparitieseuropean unionfinancial services accessdigitalization |
| spellingShingle | CRISTINA ZELDEA Financial Inclusion Disparities in the European Union Global Economic Observer financial inclusion financial integration disparities european union financial services access digitalization |
| title | Financial Inclusion Disparities in the European Union |
| title_full | Financial Inclusion Disparities in the European Union |
| title_fullStr | Financial Inclusion Disparities in the European Union |
| title_full_unstemmed | Financial Inclusion Disparities in the European Union |
| title_short | Financial Inclusion Disparities in the European Union |
| title_sort | financial inclusion disparities in the european union |
| topic | financial inclusion financial integration disparities european union financial services access digitalization |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_1/geo_2021_vol9_no1_art_009.pdf |
| work_keys_str_mv | AT cristinazeldea financialinclusiondisparitiesintheeuropeanunion |