Hua, Xiuping; Bi, Jianda; Shi, Haoqian - In: China economic quarterly international : CEQI 3 (2023) 3, pp. 167-178
We construct a global financial inclusion index using data from the World Bank, IMF, and V-Lab and propose an inverted U-shaped relationship between financial inclusion and financial stability. The empirical evidence supports our hypotheses, and the impact of financial inclusion on financial...