TY - JOUR
T1 - Macroeconomic soundness and financial inclusion
T2 - catalysts for developing robust financial markets in emerging economies
AU - Ofosu-Mensah Ababio, Josephine
AU - Yiadom, Eric B.
AU - Ofori-Sasu, Daniel
AU - Osei-Assibey, Eric
AU - Tuffour, Joseph K.
N1 - Publisher Copyright:
© 2024 Informa UK Limited, trading as Taylor & Francis Group.
PY - 2024
Y1 - 2024
N2 - This study examines the relationship between financial inclusion and financial market development in emerging economies, emphasizing macroeconomic conditions. Using panel SGMM and Granger causality, it finds that financial inclusion fosters financial market growth, with stronger effects in robust macroeconomic environments. Financial inclusion positively or neutrally impacts banking and capital markets, amplified by sound macroeconomic factors. The findings highlight the importance of inclusive financial systems for advancing financial markets, influenced by national savings, trade, private capital flows, and regulatory quality.
AB - This study examines the relationship between financial inclusion and financial market development in emerging economies, emphasizing macroeconomic conditions. Using panel SGMM and Granger causality, it finds that financial inclusion fosters financial market growth, with stronger effects in robust macroeconomic environments. Financial inclusion positively or neutrally impacts banking and capital markets, amplified by sound macroeconomic factors. The findings highlight the importance of inclusive financial systems for advancing financial markets, influenced by national savings, trade, private capital flows, and regulatory quality.
KW - emerging markets
KW - Financial inclusion
KW - financial market development
KW - inclusive financial system
KW - macroeconomic conditions
UR - http://www.scopus.com/inward/record.url?scp=85210499365&partnerID=8YFLogxK
U2 - 10.1080/17520843.2024.2419761
DO - 10.1080/17520843.2024.2419761
M3 - Article
AN - SCOPUS:85210499365
SN - 1752-0843
JO - Macroeconomics and Finance in Emerging Market Economies
JF - Macroeconomics and Finance in Emerging Market Economies
ER -