 Macroprudential regulation and financial inclusion: Any difference between developed and developing countries?Uch Raksmey, Ching-Yang Lin and Makoto Kakinaka Research in International Business and Finance, 2022, vol. 63, issue C Abstract: In this study, we provide evidence of the negative influence of macroprudential regulation on financial inclusion. Our results suggest that in developing countries, macroprudential regulation leads to adverse effects on the use of banking services because some people are prevented from accessing the credit market. The results remain robust even when we change the measure of financial inclusion to indicators of mobile banking. In developed countries, however, the effect is complicated. Macroprudential regulation still decreases the use of banking services, but it also increases people’s access to banking services. This finding implies that banks might have responded to the regulations by expanding their geographic coverage or engaging in noninterest income activities. Keywords: Macroprudential regulation; Policy target; Financial inclusion, access to and use of banking services (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:63:y:2022:i:c:s0275531922001453 DOI: 10.1016/j.ribaf.2022.101759 Access Statistics for this article Research in International Business and Finance is currently edited by T. Lagoarde Segot More articles in Research in International Business and Finance from Elsevier |
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