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ICT and its Impact on the Financial Development of the Banking System

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  • Arash Ketabforoush Badri

    (Department of Economics, Qazvin Branch, Islamic Azad University, Qazvin, Iran)

Abstract

In recent years, significant efforts have been made in many developing countries to use ICT. They are trying to expand their activities by balancing the revenue allocated to this sector so that they can quickly catch up with developed economies. In fact, the adoption of ICT policies is one of the most important programs for governments in most developing countries today. The banking system is also of special importance in this regard. Thus, having a dynamic and active banking system can help countries achieve their goals. Due to this, the purpose of this study is to investigate the effects of information and communication technology on the financial development of the banking system of 17 developing countries in the period 2008 to 2018 using the data panel method. The results indicate that information and communication technology, economic openness, financial globalization and the quality index of legal institutions have a positive effect and the size of the government has a negative impact on the financial development of the banking system in the countries under study.

Suggested Citation

  • Arash Ketabforoush Badri, 2021. "ICT and its Impact on the Financial Development of the Banking System," Noble International Journal of Economics and Financial Research, Noble Academic Publsiher, vol. 6(1), pages 08-14, January.
    • Handle: RePEc:nap:nijefr:2021:p:08-14
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    References listed on IDEAS

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