The Impact of Financial Inclusion on Financial System Stability in ASEAN + 3

Diah Wahyuningsih (), Imam Mukhlis, Iwan Wahyudi, Linda Rosalina and Alvin Sugeng Prasetyo
Additional contact information
Diah Wahyuningsih: Universitas Trunojoyo Madura
Imam Mukhlis: Universitas Negeri Malang
Iwan Wahyudi: Universitas Negeri Malang
Linda Rosalina: Universitas Airlangga
Alvin Sugeng Prasetyo: Universitas Trunojoyo Madura

A chapter in Proceedings of the 8th International Research Conference on Economic and Business (IRCEB 2024), 2025, pp 227-238 from Springer

Abstract: Abstract The goal of this research is to investigate and assess the effect of financial inclusion on financial system stability in ASEAN + 3. This research uses the variables financial system stability, financial inclusion index, GDP per capita and the ratio of domestic credit to the private sector. The data is based on panel data from nine ASEAN + 3 countries: Indonesia, Thailand, Cambodia, Malaysia, the Philippines, Myanmar, China, Japan, and Korea, collected between 2004 and 2021. This research uses a quantitative method. The technique used is Fully Modified Ordinary Least Squares (FMOLS). The data was analyzed using the unit root, cointegration, and FMOLS tests. The study found that variable of financial inclusion index has a favourable and significant impact on financial system stability. Financial system stability responds positively to the financial inclusion index. The financial inclusion index has a major contribution to financial system stability since it has a positive coefficient.

Keywords: Financial Inclusion; Financial System Stability; FMOLS (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-722-9_20

Ordering information: This item can be ordered from
http://www.springer.com/9789464637229

DOI: 10.2991/978-94-6463-722-9_20

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().