ANALYSIS OF OUTER FACTORS AFFECTING FINANCIAL STABILITY IN G20 MEMBER COUNTRIES
The financial system is a cornerstone of the economy, playing a crucial role in its overall structure by effectively channeling resources from those with surpluses to those facing deficits. This process is essential for driving economic growth and development. The establishment and progression of the G20 are intricately linked to its objective of managing global financial crises and improving international governance. Originating to prevent the recurrence and spread of crises like the 1997 Asian financial crisis, the G20 has evolved into a key platform for international economic collaboration and policy coordination. This research focuses on G20 countries due to their significant influence on the global economy. The study utilized purposive sampling to select 13 G20 member nations based on specific criteria, including G-20 membership and the adoption of policies related to digital finance, financial inclusion, financial regulations, shadow banking, and financial system stability from 2011 to 2021. The findings offer a detailed overview of financial metrics within G-20 countries, highlighting differences in banking, financial stability, and financial inclusion, and providing valuable insights into the condition of their financial systems.
Digital Finance, Financial Inclusion, Financial Stability.