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

Moeti Damane and Sin-Yu Ho

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Sub-Saharan Africa; Financial Inclusion; Financial Stability; Dynamic Common Correlated Effects; Quantile Regression (search for similar items in EconPapers)
JEL-codes: G0 G2 G21 G28 (search for similar items in EconPapers)
Date: 2024-02-02
New Economics Papers: this item is included in nep-ban, nep-fdg, nep-fle and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:120238

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