The impact of central bank digital currencies on financial inclusion
This study makes use of a panel data approach involving some selected countries between the years 2015 and 2023 to analyze the effects of Central Bank Digital Currencies (CBDCs) on financial inclusion. Using different reports and research, the number of account holdings is regarded as a financial in...
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| Format: | Final Year Project / Dissertation / Thesis |
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2025
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| Online Access: | http://eprints.utar.edu.my/7639/1/Doc07_Tan_Hui_Ni_22UKB07191.pdf http://eprints.utar.edu.my/7639/ |
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| _version_ | 1863791859062538240 |
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| author | Tan, Hui Ni |
| author_facet | Tan, Hui Ni |
| author_sort | Tan, Hui Ni |
| building | UTAR Library |
| collection | Institutional Repository |
| content_provider | Universiti Tunku Abdul Rahman |
| content_source | UTAR Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | This study makes use of a panel data approach involving some selected countries between the years 2015 and 2023 to analyze the effects of Central Bank Digital Currencies (CBDCs) on financial inclusion. Using different reports and research, the number of account holdings is regarded as a financial inclusion indicator. Moreover, it also analyses what impacts trust, technology accessibility, and financial knowledge
have on the relationship between CBDCs and financial inclusion. In order to get credible results, robustness tests and Fixed Effects Panel Regression analysis are applied. The results show that trust has a positively and significantly affect on financial inclusion in across the countries. Conversely, in the initial stages of CBDC adoption,
financial inclusion and financial accounts ownership show an ambiguous and sometimes negative relationship. Because of limitations in data and multicollinearity problems, it is found that the moderating effect of trust, technology accessibility, and financial knowledge is modest and unstable. In broad summary, the results underscore
that it is not possible without financial institutions and financial knowledge if financial inclusivity is going to be improved by CBDC. |
| format | Final Year Project / Dissertation / Thesis |
| id | my-utar-eprints.7639 |
| institution | Universiti Tunku Abdul Rahman |
| publishDate | 2025 |
| record_format | eprints |
| spelling | my-utar-eprints.76392026-04-28T07:21:56Z The impact of central bank digital currencies on financial inclusion Tan, Hui Ni HD Industries. Land use. Labor HG Finance This study makes use of a panel data approach involving some selected countries between the years 2015 and 2023 to analyze the effects of Central Bank Digital Currencies (CBDCs) on financial inclusion. Using different reports and research, the number of account holdings is regarded as a financial inclusion indicator. Moreover, it also analyses what impacts trust, technology accessibility, and financial knowledge have on the relationship between CBDCs and financial inclusion. In order to get credible results, robustness tests and Fixed Effects Panel Regression analysis are applied. The results show that trust has a positively and significantly affect on financial inclusion in across the countries. Conversely, in the initial stages of CBDC adoption, financial inclusion and financial accounts ownership show an ambiguous and sometimes negative relationship. Because of limitations in data and multicollinearity problems, it is found that the moderating effect of trust, technology accessibility, and financial knowledge is modest and unstable. In broad summary, the results underscore that it is not possible without financial institutions and financial knowledge if financial inclusivity is going to be improved by CBDC. 2025 Final Year Project / Dissertation / Thesis NonPeerReviewed application/pdf http://eprints.utar.edu.my/7639/1/Doc07_Tan_Hui_Ni_22UKB07191.pdf Tan, Hui Ni (2025) The impact of central bank digital currencies on financial inclusion. Final Year Project, UTAR. http://eprints.utar.edu.my/7639/ |
| spellingShingle | HD Industries. Land use. Labor HG Finance Tan, Hui Ni The impact of central bank digital currencies on financial inclusion |
| title | The impact of central bank digital currencies on financial inclusion |
| title_full | The impact of central bank digital currencies on financial inclusion |
| title_fullStr | The impact of central bank digital currencies on financial inclusion |
| title_full_unstemmed | The impact of central bank digital currencies on financial inclusion |
| title_short | The impact of central bank digital currencies on financial inclusion |
| title_sort | impact of central bank digital currencies on financial inclusion |
| topic | HD Industries. Land use. Labor HG Finance |
| url | http://eprints.utar.edu.my/7639/1/Doc07_Tan_Hui_Ni_22UKB07191.pdf http://eprints.utar.edu.my/7639/ |
| url_provider | http://eprints.utar.edu.my |