The Measurement Of Inclusive Financial Level Of Countries Along The Belt And Road

In recent years,the international community has paid more and more attention to inclusive finance.Inclusive finance refers to a variety of ways to enable all people in need of financial services to obtain the services they need,especially the income class and vulnerable groups.In order to solve this problem,the existing financial system shows many disadvantages.The development of Inclusive Finance helps to overcome the disadvantages of the existing financial system and promote social equity.How to effectively measure the development level of Inclusive Finance has become the focus of academic research.Therefore,this paper chooses the perspective of Inclusive Finance to take the " The belt and road " country as the sample object,and realizes that the development degree and regional characteristics of Inclusive Finance along the belt road have far-reaching significance for the development of Inclusive Finance.Firstly,this paper explains the connotation of Inclusive Finance in depth,combing with the literature review of inclusive finance,combing the relevant economic theories closely related to Inclusive Finance and inclusive finance.Secondly,analyzes the nature of Inclusive Finance has natural,and then analyzes the history and current situation of the practice of inclusive financial stage in Chinese development,comparative analysis of the The Belt and Road countries along the different development mode of inclusive finance;Finally,through the selection of relevant indicators,select the relevant indicators,the coefficient of variation and the Euclidean distance method To measure the inclusive financial level of 48 countries along the " The belt and road ",we use cluster analysis to analyze the reasons for the differences between countries.The empirical results show that the inclusive financial development level along the " The Belt and Road " area shows a low degree of inclusive financial development,uneven distribution and obvious regional differences.High-income economies and developed economies have a higher degree of inclusive finance,even in different regions of developing countries.According to the grouping of countries in China,it is close to the average level calculated by the sample countries along the belt and road.It is higher than the average level of South and Central Asian countries and the nonbalanced service-oriented and comprehensive backward countries classified by cluster analysis.Compared with the Central and Eastern European countries and Southeast Asian countries,which have better development of inclusive finance,there are still some gaps in accessibility and service quality,and there is still much room to improve the overall level of inclusive finance.Finally,the results in the analysis and the empirical analysis according to the following policy suggestions will show.1.The government should clearly define its role and exert the power of "tangible hand";2,Using digital technology to build a " The Belt and Road " inclusive financial cooperation and coordination mechanism.3.Guiding financial innovation and building a multi-level financial system;4.Implement the concet of inclusive financial development,strengthen credit awareness and credit reporting system construction;5.Establish inclusive financial index to evaluate and monitor inclusive financial situation.