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CONSTRUCTION OF A FINANCIAL INCLUSION INDEX FOR THE MEMBER AND CANDIDATE COUNTRIES OF THE EUROPEAN UNION

Yıl 2016, Sayı: 102, 91 - 106, 01.09.2016

Öz

This paper establishes a multidimensional financial inclusion index, which measures the level of access to financial instruments in the financial system on the basis of the member and candidate countries of the European Union. This kind of an index will allow lawmakers and scholars for comparison among members and candidates of the EU in terms of financial inclusion levels. Further, to measure the explanatory power of the index, panel data analysis was made by using the Fixed Effects Panel Model. With this analysis, interaction between specific macro-economic factors was also measured along with access to financial instruments. According to the study results; EU member countries have higher levels of access to financial instruments than candidate countries. All study results will be helpful for lawmakers in shaping EU policies within the context of financial inclusion

Kaynakça

  • Arora, R. (2010), “Measuring Financial Access”, http://equella.rcs.griffith.edu. au/research /file/fd0408e2-75c5-c430-ea2d-2fe7274a467f/1/2010- 07-measuring-financial-access (Erişim Tarihi: 07.15.2010).
  • Barr, M. (2004), “Banking the Poor”, Yale Journal on Regulation 21.
  • Beck, T., Demirguc-Kunt, A., Soledad,M., Peria, M. (2007), “Reaching out: Access to and use of Banking Services across Countries”, Journal of Financial Economics, 85, pp. 234-266.
  • Buckland, J., B. Guenther, G. Boichev, H. Geddie, M. Mutch, (2005), “There are No Banks Here: Financial and Insurance Exclusion Services in Winnipeg’s North End”, Winnipeg Inter-City Research Alliance.
  • CGCGCCCGAP ve World Bank (2010), Financial Access 2010: The State of Financial Inclusion through the Crisis, Washington, DC, Consultative Group to Assist the Poor/The World Bank Group, http://www.cgap.org/ publications/financial-access-2010.
  • Chakravarty, S. R., ve Pal, R. (2010), Measuring Financial Inclusion : An Axiomatic Approach Measuring Financial Inclusion : An Axiomatic Approach, (March).
  • Collard, S., E. Kempson ve Whyley, C. (2001), Tackling Financial Exclusion – An Area-Based Approach, The Policy Press, UK.
  • Connolly, C., Hajaj, K. (2001), “Financial Services and Social Exclusion”, Financial Services Consumer Policy Centre, University of New South Wales.
  • Corr, C., (2006), “Financial Exclusion in Ireland: An Exploratory Study and Policy Review”, Combat Poverty Agency Research Series 39.
  • Djankov, S., P. Miranda, E. Seira, S. Sharma, (2008), “Who are the Unbanked ?”, World Bank Policy Research Working Paper 4647.
  • European Commission, (2008), “Financial services Provision and Prevention of Financial Exclusion” Report by the Director General for Employment, Social Affairs and Equal Opportunities, European Commission.
  • Gupte, R., Venkataramani, B., & Gupta, D. (2012), Computation of Financial Inclusion Index for India, Procedia - Social and Behavioral Sciences, 37, 133–149.
  • Hannig, A. ve Jansen, S. (2010), “Financial Inclusion and Financial Stability: Current Policy Issues”, ADBI Working Paper No. 259.
  • Kempson, E., Whyley, C. (1998), “Access to Current Accounts”, British Bankers’ Association, London.
  • Kempson, E., C. Whyley (2001), “Payment of Pension and Benefits”, Department for Work and Pension, London.
  • Leyshon, A. ve Thrift, N. (1995), “Geographies of Financial Exclusion: Financial Abandonment in Britain and the United States”, Transactions of the Institute of British Geographers New Series, 20, pp. 312-41.
  • Porteous, David (2009), “Key Issues in Design and Implementation of Surveys on Financial Inclusion”, Presented at the Alliance for Financial Inclusion Global Policy Forum, www.afi-global.net/downloads/GPF_David_Porteous.pdf (Nairobi, September 15).
  • Sarma, M. ve Pais, J. (2008), “Financial Inclusion and Development: A Cross Country Analysis”, Annual Conference of the Human Development and Capability Association, New Delhi, http://www.innosocial.in/services/ financial-inclusion/Kofi Annan (Accessed on 25.10.2011).
  • Sarma, M. (2008), Index of Financial Inclusion, Working Paper 215, Indian Council for Research on International Economic Relations.
  • Seidman, E. ve Tescher, J. (2004), “From Unbanked to Homeowner: Improving the Supply of Financial Services for Low-Income, Low-Asset Customers”, The Centre for Financial Services Initiative.
  • Solo, T. M ve Manroth, A. (2006), “Access to Financial Services in Colombia – The Unbanked in Bogota”, World Bank Policy Research Paper 3834.
  • Yorulmaz, R. (2013), “Construction of a Regional Financial Inclusion Index in Turkey”, BDDK Bankacılık ve Finansal Piyasalar Dergisi, Cilt: 7, Sayı: 1.

AVRUPA BİRLİĞİ ÜYE VE ADAY ÜLKELERİ İÇİN BİR FİNANSAL KAPSAYICILIK İNDEKSİ

Yıl 2016, Sayı: 102, 91 - 106, 01.09.2016

Öz

Bu çalışmada, Avrupa Birliği üye ve aday ülkeleri bazında, finansal sistemde finansal araçlara ulaşım oranını ölçen çok boyutlu finansal kapsayıcılık indeksi oluşturulmuştur. Bu tarz bir indeks, kanun yapıcılara ve araştırmacılara AB üye ve aday ülkelerinin finansal kapsayıcılık düzeylerini karşılaştırma imkanı sunacaktır. Ayrıca, oluşturulan indeksin açıklayıcılığının ölçülmesi amacıyla Sabit Etkiler Modeli kullanılarak panel veri analizi yapılmıştır. Bu analizle birlikte finansal araçlara ulaşım ile spesifik makro ekonomik faktörler arasındaki etkileşim de ölçülmüştür. Çalışmanın sonuçlarına göre; AB üye ülkeri aday ülkelere göre daha yüksek finansal araçlara ulaşım oranlarına sahiptir. Çalışma ile bulunan tüm sonuçlar, kanun yapıcılar için AB politikalarının finansal kapsayıcılık bağlamında şekillenmesine yardımcı olacaktır

Kaynakça

  • Arora, R. (2010), “Measuring Financial Access”, http://equella.rcs.griffith.edu. au/research /file/fd0408e2-75c5-c430-ea2d-2fe7274a467f/1/2010- 07-measuring-financial-access (Erişim Tarihi: 07.15.2010).
  • Barr, M. (2004), “Banking the Poor”, Yale Journal on Regulation 21.
  • Beck, T., Demirguc-Kunt, A., Soledad,M., Peria, M. (2007), “Reaching out: Access to and use of Banking Services across Countries”, Journal of Financial Economics, 85, pp. 234-266.
  • Buckland, J., B. Guenther, G. Boichev, H. Geddie, M. Mutch, (2005), “There are No Banks Here: Financial and Insurance Exclusion Services in Winnipeg’s North End”, Winnipeg Inter-City Research Alliance.
  • CGCGCCCGAP ve World Bank (2010), Financial Access 2010: The State of Financial Inclusion through the Crisis, Washington, DC, Consultative Group to Assist the Poor/The World Bank Group, http://www.cgap.org/ publications/financial-access-2010.
  • Chakravarty, S. R., ve Pal, R. (2010), Measuring Financial Inclusion : An Axiomatic Approach Measuring Financial Inclusion : An Axiomatic Approach, (March).
  • Collard, S., E. Kempson ve Whyley, C. (2001), Tackling Financial Exclusion – An Area-Based Approach, The Policy Press, UK.
  • Connolly, C., Hajaj, K. (2001), “Financial Services and Social Exclusion”, Financial Services Consumer Policy Centre, University of New South Wales.
  • Corr, C., (2006), “Financial Exclusion in Ireland: An Exploratory Study and Policy Review”, Combat Poverty Agency Research Series 39.
  • Djankov, S., P. Miranda, E. Seira, S. Sharma, (2008), “Who are the Unbanked ?”, World Bank Policy Research Working Paper 4647.
  • European Commission, (2008), “Financial services Provision and Prevention of Financial Exclusion” Report by the Director General for Employment, Social Affairs and Equal Opportunities, European Commission.
  • Gupte, R., Venkataramani, B., & Gupta, D. (2012), Computation of Financial Inclusion Index for India, Procedia - Social and Behavioral Sciences, 37, 133–149.
  • Hannig, A. ve Jansen, S. (2010), “Financial Inclusion and Financial Stability: Current Policy Issues”, ADBI Working Paper No. 259.
  • Kempson, E., Whyley, C. (1998), “Access to Current Accounts”, British Bankers’ Association, London.
  • Kempson, E., C. Whyley (2001), “Payment of Pension and Benefits”, Department for Work and Pension, London.
  • Leyshon, A. ve Thrift, N. (1995), “Geographies of Financial Exclusion: Financial Abandonment in Britain and the United States”, Transactions of the Institute of British Geographers New Series, 20, pp. 312-41.
  • Porteous, David (2009), “Key Issues in Design and Implementation of Surveys on Financial Inclusion”, Presented at the Alliance for Financial Inclusion Global Policy Forum, www.afi-global.net/downloads/GPF_David_Porteous.pdf (Nairobi, September 15).
  • Sarma, M. ve Pais, J. (2008), “Financial Inclusion and Development: A Cross Country Analysis”, Annual Conference of the Human Development and Capability Association, New Delhi, http://www.innosocial.in/services/ financial-inclusion/Kofi Annan (Accessed on 25.10.2011).
  • Sarma, M. (2008), Index of Financial Inclusion, Working Paper 215, Indian Council for Research on International Economic Relations.
  • Seidman, E. ve Tescher, J. (2004), “From Unbanked to Homeowner: Improving the Supply of Financial Services for Low-Income, Low-Asset Customers”, The Centre for Financial Services Initiative.
  • Solo, T. M ve Manroth, A. (2006), “Access to Financial Services in Colombia – The Unbanked in Bogota”, World Bank Policy Research Paper 3834.
  • Yorulmaz, R. (2013), “Construction of a Regional Financial Inclusion Index in Turkey”, BDDK Bankacılık ve Finansal Piyasalar Dergisi, Cilt: 7, Sayı: 1.
Toplam 22 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Research Article
Yazarlar

Recep Yorulmaz Bu kişi benim

Yayımlanma Tarihi 1 Eylül 2016
Yayımlandığı Sayı Yıl 2016 Sayı: 102

Kaynak Göster

APA Yorulmaz, R. (2016). CONSTRUCTION OF A FINANCIAL INCLUSION INDEX FOR THE MEMBER AND CANDIDATE COUNTRIES OF THE EUROPEAN UNION. Sayıştay Dergisi(102), 91-106.