Keywords
financialization, banking exclusion, EU member states
Abstract
The purpose of the article is to assess the relationship between financialization and banking exclusion. The research hypothesis that financialization contributes to the reduction of financial exclusion was also verified. The research was based on an analysis of the variables describing financialization and banking exclusion of 27 European Union countries in the 2014–2021 period. The zero-unitarization method and Pearson’s correlation coefficient were used. The results of the study indicate that a high degree of financialization is found in Croatia, Greece, Cyprus and Portugal. In contrast, the level of banking exclusion is the highest in Finland, Sweden, the Netherlands and Latvia. An examination of the correlation between the indicators for each year from research period is negative, but the research of correlations of the mentioned indicators for each country is not unambiguous. For some countries the relationship is negative, for other it is positive.
Acknowledgments
Funding
The research received no funds
Declaration of Conflicting Interests
The author declared no potential conflicts of interest with respect to the research, authorship, and publication of the article.
Declaration about the scope of AI utilization
The authors did not use an AI tool in the preparation of the article.
Recommended Citation
Florczak, T., & Ziemba, M. (2024). Can Financialisation Counteract Banking Exclusion? A Study on the Example of the European Union Member States. Journal of Banking and Financial Economics, 2024(1), 14-28. https://doi.org/10.7172/2353-6845.jbfe.2024.1.2
First Page
14
Last Page
28
Page Count
15
Received Date
1.08.2023
Revised Date
23.07.2024
Accept Date
1.07.2024
Online Available Date
15.07.2024
DOI
10.7172/2353-6845.jbfe.2024.1.2
JEL Code
G21; G23; G50
Publisher
University of Warsaw