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The Impact of FinTech on Economic Performance and Financial Stability in MENA Zone

The Impact of FinTech on Economic Performance and Financial Stability in MENA Zone

Souhaila Kammoun, Sahar Loukil, Youssra Ben Romdhane Loukil
ISBN13: 9781799800392|ISBN10: 1799800393|ISBN13 Softcover: 9781799800408|EISBN13: 9781799800415
DOI: 10.4018/978-1-7998-0039-2.ch013
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MLA

Kammoun, Souhaila, et al. "The Impact of FinTech on Economic Performance and Financial Stability in MENA Zone." Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability, edited by Nader Naifar, IGI Global, 2020, pp. 253-277. https://doi.org/10.4018/978-1-7998-0039-2.ch013

APA

Kammoun, S., Loukil, S., & Loukil, Y. B. (2020). The Impact of FinTech on Economic Performance and Financial Stability in MENA Zone. In N. Naifar (Ed.), Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability (pp. 253-277). IGI Global. https://doi.org/10.4018/978-1-7998-0039-2.ch013

Chicago

Kammoun, Souhaila, Sahar Loukil, and Youssra Ben Romdhane Loukil. "The Impact of FinTech on Economic Performance and Financial Stability in MENA Zone." In Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability, edited by Nader Naifar, 253-277. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-0039-2.ch013

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Abstract

This chapter deliberates on the effects of FinTech on economic performance in the context of political instability in MENA zone countries. Using a multiple regression model to estimate time series data based on a sample of 10 MENA zone countries for 2011, 2014, and 2017, the study contends that FinTech's lending activities increase inflation and that this effect could be interestingly moderated by sound policies and regulations. In addition, the authors find empirical support for the FinTech's role as a driver of economic growth and a breeding ground for innovative projects in a context of freedom of expression, association, and media. In terms of practical implications, decision makers are asked to formulate and implement sound policies and regulations that permit and promote the positive role of FinTech in terms of economic performance.

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