Stabilizing the national banking system through digital financial inclusion, creative innovations, and green finance in low-financially developed economies
This paper investigates the effect of digital financial inclusion, creative innovations, and green finance on the stability of the national banking system in twenty-nine low-financially developed economies spanning the period 2011–2021. We demonstrate that digital financial inclusion promotion reduc...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-03-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853124002282 |
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| author | Giang Thi Huong Vuong Walid Barky Manh Huu Nguyen |
| author_facet | Giang Thi Huong Vuong Walid Barky Manh Huu Nguyen |
| author_sort | Giang Thi Huong Vuong |
| collection | DOAJ |
| description | This paper investigates the effect of digital financial inclusion, creative innovations, and green finance on the stability of the national banking system in twenty-nine low-financially developed economies spanning the period 2011–2021. We demonstrate that digital financial inclusion promotion reduces banking system stability in low-financially developed economies. Additionally, creative innovations mitigate the adverse impact of digital financial inclusion on banking stability in low-financially developed economies. These findings are consistent using diverse econometric techniques. In highly developed economies, digital financial inclusion enhances national banking stability. Furthermore, green finance amplifies the positive relationship between digital financial inclusion and banking stability in high-financially developed economies. Our work sheds light on the crucial roles of digital financial inclusion, creative innovations, and green finance in the stability of national banking systems in low-financially developed economies and provides interesting comparison findings. Furthermore, this study offers recommendations for related governments and policymakers in low-financially developed economies to prioritize creative innovation to promote digital financial inclusion and stabilize the national banking system. For high-financially developed economies, encouraging green finance implementation is crucial and contributes to the banking system's stability. |
| format | Article |
| id | doaj-art-add05e2004a34b7a9410b02fc9ce3acc |
| institution | DOAJ |
| issn | 2199-8531 |
| language | English |
| publishDate | 2025-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj-art-add05e2004a34b7a9410b02fc9ce3acc2025-08-20T02:51:39ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312025-03-0111110043410.1016/j.joitmc.2024.100434Stabilizing the national banking system through digital financial inclusion, creative innovations, and green finance in low-financially developed economiesGiang Thi Huong Vuong0Walid Barky1Manh Huu Nguyen2Faculty of Finance, Ho Chi Minh University of Banking, Ho Chi Minh 70000, Viet NamSchool of Business, Western Sydney University, Locked Bag 1797, Penrith, NSW 2751, AustraliaFaculty of Accounting and Finance, Nha Trang University, Khanh Hoa 57000, Viet Nam; Corresponding author.This paper investigates the effect of digital financial inclusion, creative innovations, and green finance on the stability of the national banking system in twenty-nine low-financially developed economies spanning the period 2011–2021. We demonstrate that digital financial inclusion promotion reduces banking system stability in low-financially developed economies. Additionally, creative innovations mitigate the adverse impact of digital financial inclusion on banking stability in low-financially developed economies. These findings are consistent using diverse econometric techniques. In highly developed economies, digital financial inclusion enhances national banking stability. Furthermore, green finance amplifies the positive relationship between digital financial inclusion and banking stability in high-financially developed economies. Our work sheds light on the crucial roles of digital financial inclusion, creative innovations, and green finance in the stability of national banking systems in low-financially developed economies and provides interesting comparison findings. Furthermore, this study offers recommendations for related governments and policymakers in low-financially developed economies to prioritize creative innovation to promote digital financial inclusion and stabilize the national banking system. For high-financially developed economies, encouraging green finance implementation is crucial and contributes to the banking system's stability.http://www.sciencedirect.com/science/article/pii/S2199853124002282StabilityNational banking systemDigital financial inclusionCreative innovationsGreen financeLow-financially developed economies |
| spellingShingle | Giang Thi Huong Vuong Walid Barky Manh Huu Nguyen Stabilizing the national banking system through digital financial inclusion, creative innovations, and green finance in low-financially developed economies Journal of Open Innovation: Technology, Market and Complexity Stability National banking system Digital financial inclusion Creative innovations Green finance Low-financially developed economies |
| title | Stabilizing the national banking system through digital financial inclusion, creative innovations, and green finance in low-financially developed economies |
| title_full | Stabilizing the national banking system through digital financial inclusion, creative innovations, and green finance in low-financially developed economies |
| title_fullStr | Stabilizing the national banking system through digital financial inclusion, creative innovations, and green finance in low-financially developed economies |
| title_full_unstemmed | Stabilizing the national banking system through digital financial inclusion, creative innovations, and green finance in low-financially developed economies |
| title_short | Stabilizing the national banking system through digital financial inclusion, creative innovations, and green finance in low-financially developed economies |
| title_sort | stabilizing the national banking system through digital financial inclusion creative innovations and green finance in low financially developed economies |
| topic | Stability National banking system Digital financial inclusion Creative innovations Green finance Low-financially developed economies |
| url | http://www.sciencedirect.com/science/article/pii/S2199853124002282 |
| work_keys_str_mv | AT giangthihuongvuong stabilizingthenationalbankingsystemthroughdigitalfinancialinclusioncreativeinnovationsandgreenfinanceinlowfinanciallydevelopedeconomies AT walidbarky stabilizingthenationalbankingsystemthroughdigitalfinancialinclusioncreativeinnovationsandgreenfinanceinlowfinanciallydevelopedeconomies AT manhhuunguyen stabilizingthenationalbankingsystemthroughdigitalfinancialinclusioncreativeinnovationsandgreenfinanceinlowfinanciallydevelopedeconomies |