DOES ECONOMIC POLICY UNCERTAINTY REDUCE FINANCIAL INCLUSION?
This study investigates whether the level of economic policy uncertainty (EPU) would reduce the level of financial inclusion. It was predicted that a high level of EPU could have a negative effect on the level of financial inclusion. It was argued that a high level of EPU would discourage financial...
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Universiti Utara Malaysia
2021
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oai:doaj.org-article:34b5271ef5614a868c34efca54e8f8692021-12-05T06:59:02ZDOES ECONOMIC POLICY UNCERTAINTY REDUCE FINANCIAL INCLUSION?10.32890/ijbf2022.17.1.31675-722Xhttps://doaj.org/article/34b5271ef5614a868c34efca54e8f8692021-12-01T00:00:00Zhttp://e-journal.uum.edu.my/index.php/ijbf/article/view/ijbf2022.17.1.3https://doaj.org/toc/1675-722XThis study investigates whether the level of economic policy uncertainty (EPU) would reduce the level of financial inclusion. It was predicted that a high level of EPU could have a negative effect on the level of financial inclusion. It was argued that a high level of EPU would discourage financial institutions from providing basic financial services to low end customers and unbanked adults, and this would lead to a decrease in the level of financial inclusion. Using a sample of 22 countries, the study found that the level of EPU did not have a significant impact on financial inclusion. None of the nine indicators of financial inclusion were found to have a significant direct relationship with EPU. However, there was some evidence that the combined effect of a high level of EPU and high nonperforming loans could reduce financial inclusion, particularly through bank branch contraction and a reduction in the use of electronic payments. Furthermore, the use of formal accounts and credit cards would increase in times of high credit supply and when there was a high level of EPU. Peterson K OziliUniversiti Utara Malaysiaarticlefinancial inclusionpolicy uncertaintyeconomic policy uncertaintynon-performing loanunbanked adultsFinanceHG1-9999ENInternational Journal of Banking and Finance, Vol 17, Iss 1, Pp 53-80 (2021) |
| institution |
DOAJ |
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DOAJ |
| language |
EN |
| topic |
financial inclusion policy uncertainty economic policy uncertainty non-performing loan unbanked adults Finance HG1-9999 |
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financial inclusion policy uncertainty economic policy uncertainty non-performing loan unbanked adults Finance HG1-9999 Peterson K Ozili DOES ECONOMIC POLICY UNCERTAINTY REDUCE FINANCIAL INCLUSION? |
| description |
This study investigates whether the level of economic policy uncertainty (EPU) would reduce the level of financial inclusion. It was predicted that a high level of EPU could have a negative effect on the level of financial inclusion. It was argued that a high level of EPU would discourage financial institutions from providing basic financial services to low end customers and unbanked adults, and this would lead to a decrease in the level of financial inclusion. Using a sample of 22 countries, the study found that the level of EPU did not have a significant impact on financial inclusion. None of the nine indicators of financial inclusion were found to have a significant direct relationship with EPU. However, there was some evidence that the combined effect of a high level of EPU and high nonperforming loans could reduce financial inclusion, particularly through bank branch contraction and a reduction in the use of electronic payments. Furthermore, the use of formal accounts and credit cards would increase in times of high credit supply and when there was a high level of EPU.
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| format |
article |
| author |
Peterson K Ozili |
| author_facet |
Peterson K Ozili |
| author_sort |
Peterson K Ozili |
| title |
DOES ECONOMIC POLICY UNCERTAINTY REDUCE FINANCIAL INCLUSION? |
| title_short |
DOES ECONOMIC POLICY UNCERTAINTY REDUCE FINANCIAL INCLUSION? |
| title_full |
DOES ECONOMIC POLICY UNCERTAINTY REDUCE FINANCIAL INCLUSION? |
| title_fullStr |
DOES ECONOMIC POLICY UNCERTAINTY REDUCE FINANCIAL INCLUSION? |
| title_full_unstemmed |
DOES ECONOMIC POLICY UNCERTAINTY REDUCE FINANCIAL INCLUSION? |
| title_sort |
does economic policy uncertainty reduce financial inclusion? |
| publisher |
Universiti Utara Malaysia |
| publishDate |
2021 |
| url |
https://doaj.org/article/34b5271ef5614a868c34efca54e8f869 |
| work_keys_str_mv |
AT petersonkozili doeseconomicpolicyuncertaintyreducefinancialinclusion |
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1718372547117973504 |