Financial inclusion and legal system quality: are they correlated?

Ozili, Peterson K

doi:10.1108/jmb-10-2021-0041

Cited by 16 publications

(6 citation statements)

References 38 publications

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“…The financial inclusion dependent variable is the number of commercial bank branches per 100,000 adults (FCL). It is a widely used indicator of financial inclusion in the financial inclusion literature (Ozili, 2021b). Commercial banks are widely considered to be the most important agents of financial inclusion because of their ability to expand their branch networks to remote locations to reach people in rural communities, especially women and girls.…”

Section: Methodsmentioning

confidence: 99%

Effect of gender equality on financial stability and financial inclusion

Ozili¹

2023

SRJ

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Purpose This study aims to examine the effect of gender equality on financial stability and financial inclusion for 14 developing countries using yearly data from 2005 to 2021. Design/methodology/approach The two-stage least squares regression estimation and the generalized linear model regression estimation were used to investigate the effect of gender equality on financial stability and financial inclusion. Findings Gender equality has a significant positive effect on financial stability and financial inclusion in developing countries. Gender equality has a significant positive effect on financial stability and financial inclusion in African countries. Gender equality has a significant positive effect on financial stability but not on financial inclusion in non-African countries. Originality/value Little attention has been paid to the role of gender equality in promoting financial stability and financial inclusion. The authors address this issue in this study.

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Section: Methodsmentioning

confidence: 99%

Effect of gender equality on financial stability and financial inclusion

Ozili¹

2023

SRJ

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“…These two financial inclusion variables are widely used in the literature as indicators of access to financial services towards financial inclusion (see. Raza et al , 2019; Le et al , 2019; Emara and El Said, 2021; Ozili, 2021c). High levels of BR and ATM indicate higher financial inclusion through greater bank branch expansion and increase in automated teller machine (ATM) supply.…”

Section: Methodsmentioning

confidence: 99%

Impact of financial inclusion on economic growth in secular and religious countries

Ozili¹,

Lay

Syed

2023

JFRC

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Purpose Empirical research on the relationship between financial inclusion and economic growth has neglected the influence of religion or secularism. This study aims to investigate the effect of financial inclusion on economic growth in religious and secular countries. Design/methodology/approach The financial inclusion indicators are the number of automated teller machines (ATMs)per 100,000 adults and the number of bank branches per 100,000 adults. These two indicators are the accessibility dimension of financial inclusion based on physical points of service. The two-stage least square (2SLS) regression method was used to analyze the effect of financial inclusion on real gross domestic product (GDP) per capita growth and real GDP growth in religious and secular countries. Findings Bank branch contraction significantly increases economic growth in secular countries. Bank branch expansion combined with greater internet usage increases economic growth in secular countries while high ATM supply combined with greater internet usage decreases economic growth in secular countries. This study also finds that bank branch expansion, in the midst of a widening poverty gap, significantly increases economic growth in religious countries, implying that financial inclusion through bank branch expansion is effective in promoting economic growth in poor religious countries. It was also found that internet usage is a strong determinant of economic growth in secular countries. Originality/value Few studies in the literature examined the effect of financial inclusion on economic growth. But the literature has not examined how financial inclusion affects economic growth in religious and secular countries.

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“…The payment card has been popular since the 1980s and presented to replace cash payments. For people who frequently travel abroad, credit cards and debit cards are one of the most practical means of payment (Ozili, 2021) (Khan, 2016) (Djafri, 2017).…”

Section: Payment Card Issuancementioning

confidence: 99%

Prospect of Islamic Electronic Money in Indonesia: Case Study on the LinkAja Application

Hasan

Jayanti

Azlina

et al. 2022

JESI

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<p><em>This research conducted to see how the prospects for electronic money in Indonesia, considering the launch of new electronic money launched this year through the LinkAja application. This application has received a fatwa from the National Sharia Council of the Indonesian Ulema Council (DSN-MUI) to be a strong source of law for application in Indonesian society. The emergence of LinkAja electronic money is one of the policies of all stakeholders because the potential of sharia-based electronic money is quite large, apart from Indonesia having the world's largest Muslim population. The method that the author made is a qualitative method besides reading several journals and reading material about Islamic electronic money. The prospect of newly launched electronic money certainly has several challenges and opportunities that can be used as lessons for relevant stakeholders. Apart from the competition with the same applications as conventional-based electronic money, Indonesians are still used to conventional-based electronic money there is when compared to sharia-based systems. Complete support from the government is needed to make this electronic money develop well, apart from being protected by applicable laws and regulations. Promotion and marketing of all LinkAja management are also necessary to expand the reach not only in cities but also in villages.</em></p>

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Financial inclusion and legal system quality: are they correlated?

Cited by 16 publications

References 38 publications

Effect of gender equality on financial stability and financial inclusion

Effect of gender equality on financial stability and financial inclusion

Impact of financial inclusion on economic growth in secular and religious countries

Prospect of Islamic Electronic Money in Indonesia: Case Study on the LinkAja Application

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