Examining the nexus between governance and financial inclusion in the Nordic-Baltic region: Bank stability as a moderator.

Autor:	Susan EB; College of Management, Shenzhen University, Shenzhen, PR China.; Department of Economics and Management, University of Buea, P.O. Box 63, Buea, Cameroon., Matilda AB; Department of Sociology and Anthropology, University of Buea, P.O. Box 63, Buea, Cameroon., Natu MM; Department of Law, University of Buea, P.O. Box 63, Buea, Cameroon.
Jazyk:	angličtina
Zdroj:	Heliyon [Heliyon] 2024 Jul 06; Vol. 10 (14), pp. e34227. Date of Electronic Publication: 2024 Jul 06 (Print Publication: 2024).
DOI:	10.1016/j.heliyon.2024.e34227
Abstrakt:	To attain sustainable development, a pertinent question that needs to be answered is whether good governance leads to financial inclusion (FI) and whether bank stability matters. This study examines how financial stability modulates the link between governance and FI in the Nordic-Baltic region between 2004 and 2021. Using a mixed effect model, we observed a positive causal relationship between governance and FI and bank stability modulate this causality. These findings are robust to alternative assumptions and model specifications. Interestingly, we found that good governance helps foster economic growth and social equality. The study further highlights the need for digital financial education to overcome the phobia of digital products as a priority policy agenda. Overall, this finding supports arguments in the literature that for FI to be sustainable, inequality should be low as income levels and well-being increase. Competing Interests: The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper. (© 2024 The Authors.)
Databáze:	MEDLINE
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