Role of foreign banks in promoting financial inclusion: “A time series analysis of five permanent members of UN security council”

Amjad Ali, Ahsan Ali and Suresh Kumar Oad Rajput

International Review of Economics & Finance, 2024, vol. 92, issue C, 884-893

Abstract: Financial Inclusion is an important determinant of bringing inclusive growth which is promoted by the foreign bank entry as it increases the market competition and brings about greater outreach. Foreign Bank Entry has been considered an impediment towards domestic markets which is misunderstood. Foreign Banks not only bring higher assets but also provide credit to government-owned enterprises, Small and Medium Enterprises, and Micro Credit. Most of the developed countries have understood this phenomenon and have achieved significant financial inclusion by liberalizing their banking industry. It is essential to conceptualize and measure the magnitude of factors, determinants, and antecedents for foreign bank entry promoting financial inclusion.

Keywords: Financial inclusion; Foreign bank entry; Developed economies; ARDL (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:92:y:2024:i:c:p:884-893

DOI: 10.1016/j.iref.2024.02.029

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