An Analysis of the Relationship Between Financial Inclusion and Financial Stability in South Africa

Velenkosini Matsebula , Johannes P S Sheefeni

This paper examined the relationship between financial inclusion and financial stability in South Africa. In so doing, the Engle-Granger approach to Error Correction Model (ECM) was used on quarterly time-series data for the period 2004 to 2020. Two different variables were used to measure financial ...