Nexus among financial inclusion and sustainability in Asia: role of banking sector

Abstract

Promoting shared prosperity, economic success, and the expansion of the financial sector to individual development supported by financial inclusion to reduce poverty. Financial inclusion in Asian countries is generally considered relatively low. Thus, the purpose of this study is to explore the connection between the accessibility of financial services and the dependability of the financial sector. To accomplish the study purpose, data is incorporated from financial institutions based in Asia from 2008 to 2017. The generalized moment approach (GMM) was used to analyze the data. The study findings indicated that a more equitable distribution of wealth might be achieved by expanding access to financial services and strengthening the banking system’s capacity to weather shocks. Financial institutions might benefit from integration into the financial system by increasing profits, decreasing operational expenses, and increasing market share. Several directions for further research have been proposed based on the results of this work.

The Influence of Islamic Financial Literacy, Islamic Financial Inclusion, and Financial Behavior on the Investment Decisions of Generation Z in West Java

“…al., 2021;Audi, et. al., 2023;Hasan & Lu, 2023). According to the Financial Services Authority (OJK), the Islamic financial literacy index and the Islamic financial inclusion index were only 9.14% and 12.12%, respectively in 2022.…”

“…West Java province holds a demographic advantage over other regions (World Population, 2022). This presents both potential and challenges for the government since Generation Z is known for their creativity, innovation, practicality, and strong financial motivation (Hasan & Lu, 2023).…”

How Much Financial Development Accentuates Income Inequality in Central and Eastern European Countries?

“…While financial systems have the potential to foster inclusive growth by providing opportunities for marginalized segments of society to participate in economic activities, concerns arise regarding the equitable distribution of financial services. Unequal access to credit and investment opportunities can hinder the upward mobility of disadvantaged populations, contributing to the widening income gap [10]. As a result, policymakers grapple with the challenge of harnessing the positive aspects of financial development while mitigating its potential to exacerbate income inequality.…”