Does FinTech penetration drive financial development? Evidence from panel analysis of emerging and developing economies

被引：18

作者：

Aduba, Joseph, Jr. ^{[1
]}

Asgari, Behrooz ^{[2
]}

Izawa, Hiroshi ^{[3
]}

机构：

[1] Ritsumeikan Univ, Ritsumeikan BKC Res Org Social Sci, 1-1-1 Noji Higashi, Kusatsu, Shiga 5258577, Japan

[2] Ritsumeikan Asia Pacific Univ APU, Grad Sch Management, 1-1 Jumonjibaru, Beppu, Oita 8748577, Japan

[3] Ritsumeikan Univ, Coll Gastron Management, Grad Sch Gastron Management, 1-1-1 Noji Higashi, Kusatsu, Shiga 5258577, Japan

来源：

BORSA ISTANBUL REVIEW | 2023年 / 23卷 / 05期

关键词：

Financial inclusion; FinTech; Financial development; Financial performance; REMITTANCES; IMPACT;

D O I：

10.1016/j.bir.2023.06.001

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Recent innovations in digital financial technologies (FinTech) have called into question the role of FinTech in financial development. This study examines FinTech's direct and conditional effects on financial development using data from emerging and developing economies. Three measures of financial development (broad money, Private credit, and bank deposits) and two conditional factors (financial performance and financial inclusion) were investigated vis-a`-vis FinTech penetration. This paper demonstrates that FinTech penetration not only drives financial development but also strongly impacts the financial development of countries with weak financial sector performance and low financial inclusion. These findings have several policy implications: (1) countries with weak financial sector performance could leverage FinTech to improve financial development, and (2) appropriate policies on FinTech development can drive digital financial inclusion, financial deepening, and consequently economic growth. Copyright (c) 2023 Borsa Istanbul Anonim S,irketi. Published by Elsevier B.V. This is an open access article under the CC BY license (http:// creativecommons.org/licenses/by/4.0/).

引用

页码：1078 / 1097

页数：20

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