?nzhela Kuznyetsova|?ryna Boiarko|?yroslava Khutorna|Yuli?a Zhezherun
Development of financial inclusion from the standpoint of ensuring financial stability
Banking University|Banking University|Banking University|Banking University
since 20132015 financial inclusion considered determinant economic social inclusion meanwhile impact financial inclusion economic development directly depends financial stability paper focuses development peculiarities financial inclusion relation ensuring financial stability provides recommendations ukraine inclusive development theory gap theory form theoretical research base generalization statistical methods coefficient graphical analysis comparison ranking represent methodological basis financial institution development financial literacy income level cashless economy public confidence justified contentforming factors impact channels financial inclusion financial stability development peculiarities financial inclusion studied crosscountry analysis considering different financial system models economic development levels weak points financial inclusion ukraine sevenfold gap banks assets nonbank financial institutions 37 unbanked adult population moreover significant gap levels human capital readiness information security banks digitalization compared eu banks 25 13 times respectively critically high level distrust banks 70 reasonably high share payment applications users 58further developing financial inclusion ensuring financial stability ukraine requires improving credit cooperation transforming structure multiinstitutional monoinstitutional introducing developed indicative tools monitoring potential financial stability threats caused technological innovations acknowledgmentthe study conducted within framework applied research ensuring financial stability financial sector ukraines economy basis sustainable development face latest epidemiological challenges financial support ministry education science ukraine state registration number 0121u113271 authors also thankful editors anonymous reviewers useful suggestions comments improve quality paper