المجلة الجزائرية للتنمية الإقتصادية
Volume 10, Numéro 1, Pages 217-228
2023-06-15

The Role Of Financial Inclusion In Enhancing Financial And Economic Stability In The Select Arab Countries Empirical Study In Period (2004-2020)

Authors : Douma Hasnia . Bendob Ali .

Abstract

In recent years, interest in Arab monetary institutions and central banks has increased in policies and programs to enhance financial inclusion. Through strategies to support growth .And achieve financial, economic stability especially for women, youth, and medium, small, and micro-enterprises. As well as working to limit individual savings; leaks from the banking and financial sectors in the Arab region. This paper examines the role of financial inclusion in enhancing financial and economic stability in the Arab region by testing the relationship between the index of financial inclusion and GDP volatility and Bank Z-score score of Z distance to narrow for banks. In the Thirteen Arab countries during 2004 to 2020. Using cross-sectional no linear regression model and linear regression model of panel data. The main result concludes that there is a positive and significant relationship between financial inclusion and volatility in growth, which shows the financial inclusion reduces volatility in growth in the studied countries. And the positive and significant relationship between financial inclusion and Bank Z-score score (financial stability). Keywords: financial inclusion, economic growth, economic stability, financial stability, panel data Jel Classification Codes : G10, G18, G20, G28

Keywords

panel data ; financial stability, ; economic stability, ; economic growth ; financial inclusion