افاق للعلوم
Volume 10, Numéro 3, Pages 246-257
2025-06-01

Exploring The Relationship Between Financial Inclusion And Macroeconomic Stability In North Africa: Evidence From Algeria, Egypt, Morocco, And Tunisia (2007-2022)

Authors : Hadda Madouri .

Abstract

Financial inclusion is considered a means to improve individuals' quality of life, reduce poverty, and foster economic development. It involves providing individuals and small enterprises with affordable access to financial services. This paper examines the relationship between financial inclusion and macroeconomic stability in four distinct North African countries from 2007 to 2022. The research investigated the impact of financial inclusion on financial stability and inflation stability. Financial inclusion was evaluated by the proliferation of bank branches. The analysis utilised the fixed effects panel data estimation method. The results indicate that financial inclusion does not improve financial stability and has no effect on inflation stability.

Keywords

Financial inclusion ; Macroeconomic stability ; Panel data estimation