The Nexus of financial inclusion and financial stability : a study of trade-offs and synergies
By M. Čihák, Davide Salvatore Mare, Martin Melecky. 2016
139 citations recorded by the source corpus.
Policy makers and regulators have devoted much effort to reforms aimed at improving financial stability in response to lessons from the 2007-09 crisis. At the same time, much effort has also been directed to promoting greater financial inclusion as an enabler of equal opportunity. To some extent, these endeavors have been exerted in silos, neglecting the possibility that financial inclusion and financial stability could be significantly intertwined, positively or negatively. If there are synergies or trade-offs between inclusion and stability, policy decisions must be informed, and the policy setting, design, and implementation adjusted accordingly. This paper (i) discusses the relationship between financial inclusion and stability, (ii) illustrates empirically interactions between the two financial sector outcomes, and (iii) outlines policy challenges stemming from these interactions.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/2b1c823aa784875fcc429cc6a988cf0408d1e52d
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Citations in the corpus
- Financial Inclusion and Economic Growth: The Role of Governance in Selected MENA Countries (2021, background): “Moreover, it can act as a lever to reduce the significant rise in extreme global inequality (IMF, 2018), while playing a crucial part in risk diversification and building trust in the financial system, (Cihak et Al., 2016), something that EM and frontier economies lack.”
- Financial Inclusion and Economic GROWTH: An International Evidence (2019, background): “…Guan 2017) or investigating the impact of financial inclusion on other macroeconomic variables (Ahamed and Mallick 2017; Chauvet and Jacolin 2017; Cihak et al. 2016; Garcia and Jose 2016, Morgan and Pontines 2017, Vo et al. 2019a), income inequality and economic growth (Kim, 2016; Kim, Yu and…”
- Financial inclusion and bank stability: evidence from Europe (2020, methodology): “the World Bank 2020 goal of universal financial access, the United Nations Sustainable Development Goals, the Global Partnership for Financial Inclusion and the Maya Declaration) (Cihak et al., 2016; Klapper et al., 2016).”