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Effects of financial inclusion on financial stability: evidence from ssa countries

Year: 2024

Type: report

Abstract: The study explores the link between financial inclusion and financial stability in 37 Sub-Saharan African countries. Results of our panel data analysis show that financial inclusion positively impacts financial stability, especially in low-income countries with low levels of financial stability. Additionally, prior improvements in financial stability were found to have positive effects on present levels of financial stability. The study recommends policymakers to enhance cooperation, target excluded communities for financial inclusion, improve financial literacy, and cross-fertilize skills.

Source: Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)

Authors: Damane, Moeti, Ho, Sin-Yu

Language: English

Topic: Microfinance and Financial Inclusion

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Partnerships for the goals, No poverty, Reduced inequalities

Open Access status: green

OpenAlex ID: W7009359339

Cites: 6

Cited by: 1

Related to: 10