Measuring Financial Inclusion in the Main Euro Area Countries: The Role of Electronic Cards

Nuzzo, Giorgio; Piermattei, Stefano

doi:10.2139/ssrn.3446763

Cited by 4 publications

(3 citation statements)

References 12 publications

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“…Numerous studies have focused on measuring FI (Allen et al , 2016; Sarma, 2016; Ozili, 2021; Wang and Guan, 2017; Nuzzo and Piermattei, 2019; Park and Mercado, 2021). Other studies constructed FI indices for a range of countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Exploring financial inclusion in MENA countries: an entropy weight approach

Ramaian Vasantha,

Liew,

Kijkasiwat

2023

IMEFM

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Purpose Research on financial inclusion (FI) in Islamic countries has evolved and gained prominence. This study aims to construct an extensive multidimensional FI index to ascertain the level of inclusion and trends in the Middle East/North Africa (MENA) countries. Additionally, this study examines the potential role of Islamic finance in improving access to financial services. Design/methodology/approach Data for the study were collected from databases covering MENA countries for the period 2010–2020. An inclusion index has been constructed using the entropy method. Findings Key findings indicate that the overall FI has improved in Islamic countries. However, it should be noted that all MENA countries fall within the low or medium levels of the inclusion index. It was observed that insurance access and penetration savings were poor in the Islamic MENA countries. Social implications The authors recommend that policymakers focus on insurance access and saving behaviour in their respective countries. Based upon these observations, policymakers should promote the economic benefits of Islamic finance, which will help improve FI and economic development in Islamic countries. This study emphasises the necessity of policy framework reform to provide Islamic financial services to the poorest in society at low or no cost for better economic benefits. Originality/value Most studies tend to overlook important indicators such as insurance, savings and credit penetration while calculating the index. These indicators add value to the existing literature. The majority of prior studies used United Nation Development Programme methodology or principal component analysis for Inclusion Index measurements. The adoption of the entropy weighting method is the novelty of this study.

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Section: Literature Reviewmentioning

confidence: 99%

Exploring financial inclusion in MENA countries: an entropy weight approach

Ramaian Vasantha,

Liew,

Kijkasiwat

2023

IMEFM

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“…One of the most recent definitions given for the concept of financial inclusion is proposed by Nuzzo and Piermattei: "the ease of access by individuals and enterprises to appropriate and reasonably priced financial services" ( [19] p. 7).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

The Role of the World Bank in the Inclusive Financing of Tourism as an Instrument of Sustainable Development

Carrillo‐Hidalgo

Fernández

2019

Sustainability

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It is widely accepted that tourism, given the right conditions, can be an important instrument of economic growth and a means of improving the quality of life for the societies in which it is implemented, particularly in developing territories. International financial institutions are aware of the role that tourism can play in this regard and, accordingly, have included it within their strategies to further sustainable development and financial inclusion. The World Bank is one of the institutions working to foster tourism, although, interestingly, it only began working in this area very recently (2016). This paper analyses the role of the World Bank in the inclusive financing of tourism as an instrument of sustainable development and compares it with the finance allocated to another four sectors in the branch of trade and industry. To this end, using a system of indicators previously tested in the literature, it analyses a total of ninety-two projects directly related with tourism, trade, manufacture, services, and housing construction activity. The results obtained, when compared to the finance allocated to other sectors of trade and industry (to which tourism also belongs), indicate that the World Bank’s financing of tourism could sharpen its focus on financial inclusion, which would ensure greater efficiency and efficacy in the attainment of its poverty reduction and development goals.

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“…Broadly speaking, there is a positive correlation between total factor productivity and the number of electronic payments, also at international level (Ardizzi, 2012;Ardizzi and Iachini, 2013), and the inclusion of data on electronic payments enables a better measurement of macroeconomic indicators (Aprigliano et al, 2019;Ardizzi et al, 2019b) and of the degree of financial inclusion of the population (Nuzzo and Piermattei, 2019).…”

Section: Introductionmentioning

confidence: 99%

Regional Differences in Retail Payment Habits in Italy

et al. 2020

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Economic operators have a number of different procedures and instruments for regulating their cashless monetary transactions safely and quickly. Nevertheless, divergences in the use of non-cash payment instruments persist among European countries and, in Italy, between the Centre and North and the southern regions. In this paper, we study which factors are associated with the backwardness of South and Islands in the use of non-cash payment instruments. We focus on the period 2013-18, when there was a widespread increase in noncash transactions among the main advanced economies, spurred by technological innovation and the new legal framework supporting security, efficiency and transparency in digital payments. We find that the main factors associated with a lower demand for cash are technological innovation in payments and the population's digital skills and education levels; criminality and tax evasion are also significantly and positively correlated to the use of cash, but their correlations with the observed heterogeneity among Italian provinces are not predominant.

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Measuring Financial Inclusion in the Main Euro Area Countries: The Role of Electronic Cards

Cited by 4 publications

References 12 publications

Exploring financial inclusion in MENA countries: an entropy weight approach

Exploring financial inclusion in MENA countries: an entropy weight approach

The Role of the World Bank in the Inclusive Financing of Tourism as an Instrument of Sustainable Development

Regional Differences in Retail Payment Habits in Italy

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