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

Recep Yorulmaz

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

Anahtar Kelimeler

Financial Inclusion, Financial Inclusion Index, Economic Development, EU

AVRUPA BİRLİĞİ ÜYE VE ADAY ÜLKELERİ İÇİN BİR FİNANSAL KAPSAYICILIK İNDEKSİ

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

Anahtar Kelimeler

Finansal Kapsayıcılık, Finansak Kapsayıcılık İndeksi

Kaynakça

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