IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxxiiy2022i1p809-814.html
   My bibliography  Save this article

Financial Inclusion in Romania – A New Perspective

Author

Listed:
  • Alina Elena Cerchia (IonaÈ™cu)

    (“Ovidius†University of Constanta, Faculty of Economic Sciences, Romania)

  • Elena Cerasela Spătariu

    (“Ovidius†University of Constanta, Faculty of Economic Sciences, Romania)

  • Gabriela Gheorghiu

    (“Ovidius†University of Constanta, Faculty of Economic Sciences, Romania)

Abstract

Financial inclusion is an important national subject, sustained by the European Union policies. Financial inclusion has an outstanding role in growing the quality of life of citizen, and financial inclusion can be accomplished both through educational programs and through programs which facilitate access to financial products and services. The financial inclusion score, a very useful instrument, can be influenced by many factors in order to decrease the major gap between the urban and rural environment. In this paper, we analyze the level of financial education and inclusion of Romanians, the barriers that are encountered and giving solutions to enhance the level of financial inclusion in Romania. The low levels of financial inclusion can be improved by the government through public polices mainly, but also in partnership with banks or other non-governmental institutions, regarding digitalization, financial education and fiscal and non-fiscal policies.

Suggested Citation

  • Alina Elena Cerchia (IonaÈ™cu) & Elena Cerasela Spătariu & Gabriela Gheorghiu, 2022. "Financial Inclusion in Romania – A New Perspective," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 809-814, September.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:809-814
    as

    Download full text from publisher

    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-2/Section%205/5.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    financial inclusion; education; behavioral finance; economic growth; government policies;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • G40 - Financial Economics - - Behavioral Finance - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:809-814. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.