[
Aghion, P. and Bolton, P. (1997). A Theory Of Trickle-Down Growth and [pDevelopment. Review of Economic Studies. Vol. 64, pp. 151-172.10.2307/2971707
]Search in Google Scholar
[
Agyemang-Duah, W., Kafui Gbedoho, E., Peprah, P., Arthur, F., Kweku Sobeng, A., Okyere, J., & Mengba Dokbila, J. (2018). Reducing poverty through fiscal decentralization in Ghana and beyond: A review. Cogent Economics and Finance, 6(1), 1–14. https://doi.org/10.1080/23322039.2018.1476035.10.1080/23322039.2018.1476035
]Search in Google Scholar
[
Allen F., Demirguc-Kunt A., Klapper L., Peria M.S.M. (2012). The Foundations of Financial Inclusion. World Bank Policy Research Working Paper, Series 6290.
]Search in Google Scholar
[
Al-smadi, A. A. A., Mahmoud K. A. & Nur H. H., (2017), Trends and Calendar Effects In Malaysia’s Stock Market, Romanian Economic and Business Review, 13(2), 29-36.
]Search in Google Scholar
[
Anatolyevna, M. I., & Ramilevna, S. L. (2013). Financial Stability Concept: Main Characteristics and Tools. World Applied Sciences Journal, 856-858.
]Search in Google Scholar
[
Ardic, O.P. Heimann, M., and Mylenko, N. (2011), Access to Financial Services and the Financial Inclusion Agenda around the World. A Cross-Country Analysis with a New Data Set. The World Bank Financial and Private Sector Development Consultative Group to Assist the Poor January, WPS5537.10.1596/1813-9450-5537
]Search in Google Scholar
[
Arsyad, Lincolin. (1997). Ekonomi Pembangunan. Penerbit STIE YKPN. Yogyakarta
]Search in Google Scholar
[
Awanti, Erni. 2018. Analisis Pengaruh Inklusi Keuangan Terhadap Stabilitas Sistem Keuangan di Negara Berkembang Kawasan Asia Tenggara. JIET (Jurnal Ilmu Ekonomi Terapan). Vol. 2, No. 2. Economics Journal of Airlangga University.10.20473/jiet.v2i2.6080
]Search in Google Scholar
[
Bank Indonesia. (2013). Strategi Nasional Keuangan Inklusif. Bank Indonesia
]Search in Google Scholar
[
Bank Indonesia. (2014). Booklet Keuangan Inklusif. Jakarta: Bank Indonesia.
]Search in Google Scholar
[
Beck, T., and Demirguc-Kunt, A. (2006). Small and Medium-Size Enterprises: Access to Finance as a Growth Constraint. Journal of Banking dan Finance. Vol. 30 No. 11, pp. 2931-2943.10.1016/j.jbankfin.2006.05.009
]Search in Google Scholar
[
Beck, T., Buyukkarabacak, B., Rioja, F. K., Valev, N. T., et al.. (2012). Who gets the credit? And does it matter? Household vs firm lending across countries. The BE Journal of Macroeconomics, 12 (1), 1–4610.1515/1935-1690.2262
]Search in Google Scholar
[
Beck, T., Demirguc-Kunt, A. and Maksimovic, V. (2008). Financing patterns around the world: Are small firms different?. Journal of Financial Economics. Vol. 89, pp. 467-487.10.1016/j.jfineco.2007.10.005
]Search in Google Scholar
[
Beck, T., Demirguc-Kunt, A., & Levine, R., (2007). Finance, Inequality, and the Poor. Journal of Economic Growth, 12(1), 27–49.10.1007/s10887-007-9010-6
]Search in Google Scholar
[
Beck, T., Demirguc-Kunt, A., & Martinez, P. M., (2007). Reaching Out: Access to and Use of Banking Services Across Countries. Journal of Financial Economic, 85(1), 234–266.10.1016/j.jfineco.2006.07.002
]Search in Google Scholar
[
Beck, T., Demirguc-Kunt, A., dan Maksimovic, V. (2005). Financial and legal constraints to growth: Does firm size matter?. Journal of Finance, 60 (1), 137–177.10.1111/j.1540-6261.2005.00727.x
]Search in Google Scholar
[
Bhaskar, P. (2013). Financial Inclusion in India – an Assessment. Speech at the MFIN and Access-Assist Summit, New Delhi.
]Search in Google Scholar
[
Brown, J. D., Earle, J. S., dan Lup, D. (2005). What Makes Small Firms Grow? Finance, Human Capital, Technical Assistance, and the Business Environment in Romania. Economic Development and Cultural Change, Vol. 54 No. 1, pp. 33–70.10.1086/431264
]Search in Google Scholar
[
Brune, L., Giné, X., Goldberg, J., & Yang, D. (2011). Commitments to Save: A Field Experiment in Rural Malawi. World Bank Policy Research Working Paper Series No. 5748. Washington, DC: World Bank. https://doi.org/10.1596/1813-9450-5748.10.1596/1813-9450-5748
]Search in Google Scholar
[
Burgess, R. and Pande, R. (2005), Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment, American Economic Review, vol. 95(3), pp. 780-795, June.10.1257/0002828054201242
]Search in Google Scholar
[
Calcagnini, G., Farabullini, F., dan Giombini, G. (2014). The impact of guarantees on bank loan interest rates. Applied Financial Economics, Vol. 24 No. 6, pp. 397–412.10.1080/09603107.2014.881967
]Search in Google Scholar
[
Cecchetti, S., dan Kharroubi, E. (2012). Reassessing the impact of finacne on growth. Retrieved October 2014, from Bank for International Settlements.
]Search in Google Scholar
[
Chant, S. (2003). Introduction: Gender in a Changing Continent in S. Chant and N. Craske (eds.) Gender in Latin America. Latin American Bureau: London, 1–18.10.3362/9781909013209.001
]Search in Google Scholar
[
Cheston, Suzy, dan Khun, Lisa. (2002). Empowering Women Through Microfinance. UNIFEM for Microcredit Summit 2002. http://www.microcreditsummit.org/papers/empowering_final.doc.
]Search in Google Scholar
[
Dabla-Norris, M. E., Kochhar, M. K., Suphaphiphat, M. N., Ricka, M. F., dan Tsounta, E. (2015). Causes and Consequences of Income Inequality: A Global Perspective. International Monetary Fund.10.5089/9781513555188.006
]Search in Google Scholar
[
Davidsson, P., Leona Achtenhagen, L. and Naldi, L. (2010). Small Firm Growth. Foundations and Trends in Entrepreneurship, Vol. 6, No. 2, pp 69-166.10.1561/0300000029
]Search in Google Scholar
[
Dimitrov, V., dan Tice, S. (2006). Corporate diversification and credit constraints: Real effects across the business cycle. The Review of Financial Studies, Vol. 19 No. 4, pp. 1465–1498.10.1093/rfs/hhj028
]Search in Google Scholar
[
Dixit, R., & Ghosh, M. (2013). Financial Inclusion for Inclusive Growth of India: A Study of Indian States. International Journal of Business Management & Research, 3(1), 147–156.
]Search in Google Scholar
[
Dupas, P., Green, S., Keats, A., & Robinson, J. (2012). Challenges in Banking the Rural Poor: Evidence from Kenya’s Western Province. NBER Working Paper No. 17851. Cambridge, MA: National Bureau of Economic Research. https://www.nber.org/papers/w17851
10.3386/w17851
]Search in Google Scholar
[
Dwyfor Evans A, Green CJ, and Murinde V (2002). Human capital and financial development in economic growth: New evidence using the translog production function. International Journal of Finance & Economics, 7(2): 123-140.10.1002/ijfe.182
]Search in Google Scholar
[
Gopalan, R., Udell, G. F., dan Yerramilli, V. (2011). Why Do Firms Form New Banking Relationships?. Journal of Financial and Quantitative Analysis, Vol. 46 No. 5, pp. 1335–1365.10.1017/S0022109011000299
]Search in Google Scholar
[
Gul, F., Usman, M., & Majeed, M. T. (2018). Financial Inclusion and Economic Growth: A Global Perspective. Journal of Business & Economics, 10(2), 133-152.
]Search in Google Scholar
[
Hadi Prabowo, B., Sulisnaningrum, E., & Harnani, S. (2021). FINANCIAL CRISIS AND USURY IN DIGITAL ECONOMIC : WHY MAJOR RELIGION PROHIBIT USURY? MONETARY STUDIES IN ASIA 5. JBFEM, 4(1), 27-46. https://doi.org/10.32770/jbfem.vol427-46
10.32770/jbfem.vol427-46
]Search in Google Scholar
[
Hannig, Alfred dan Jansen, Stefan. (2010). Financial Inclusion and Financial Stability: Current Policy Issues. Asian Development Bank Institute Working Paper.10.2139/ssrn.1729122
]Search in Google Scholar
[
Honohan, P. (2008). Cross Country Variation in Household Access to Financial Services.10.1016/j.jbankfin.2008.05.004
]Search in Google Scholar
[
Kevane, M., Wydick, B. (2001). Microenterprise Lending to Female Entrepreneurs: Sacrificing Economic growth for Poverty Alleviation. World Development, Vol.29, No. 7, pp. 1225-1236.10.1016/S0305-750X(01)00032-8
]Search in Google Scholar
[
Khan, H. R. (2011). Financial Inclusion and Financial Stability: Are They Two Sides of the Same Coin? Address by Shri H. R. Khan, Deputy Governor of the Reserve Bank of India, at BANCON 2011, Organized by the Indian Bankers Association and Indian Overseas Bank, Chennai, 4 November 2011.
]Search in Google Scholar
[
Levine, Ross. 1997, “Financial Development and Economic Growth: Views and Agenda.” Journal of Economic Literature, 35(2), pp.688-726.
]Search in Google Scholar
[
López, Tania dan Winkler, Adalbert. (2019). Does financial inclusion mitigate credit boom-bust cycles?. Journal of Financial Stability, Elsevier, vol. 43(C), pages 116-129.10.1016/j.jfs.2019.06.001
]Search in Google Scholar
[
Mehrotra, A. and Yetman, J. (2015). Financial Inclusion - Issues for Central Banks. BIS Quarterly Review, 83-96.
]Search in Google Scholar
[
Mishkin, F.S, 2007. The Economics of Money, Banking and Financial Markets. Seventh Edition. International Edition, New York: Pearson Addison. Wesley Longman.
]Search in Google Scholar
[
Morgan, P. J., & Pontines, V. (2014). Financial Stability and Financial Inclusion. ADBI Working Paper Series, 1-18.10.2139/ssrn.2464018
]Search in Google Scholar
[
Morgan, Peter J. and Pontines, Victor. (2018). Financial Stability and Financial Inclusion: The Case of SME Lending. The Singapore Economic Review, Vol. 63, No. 1, pp. 1–14.10.1142/S0217590818410035
]Search in Google Scholar
[
Nasution, Anwar. (2003). Stabilitas Sistem Keuangan: Urgensi, Impllkasi Hukum, dan Agenda Kedepan, Seminar Pembangunan Hukum Nasional VIII dengan tema Masalah-Masalah Sistem Keuangan dan Perbankan Indonesia. Denpasar: Badan Pembinaan Hukum Nasional-Departemen Kehakiman dan Hak Asasi Manusia Rl.
]Search in Google Scholar
[
Neaime, S., dan Gaysset, I. (2018). Financial Inclusion and Stability in MENA: Evidence from Poverty and Inequality. Finance Research Letters, 24, 230–237.10.1016/j.frl.2017.09.007
]Search in Google Scholar
[
Nugroho, I. dan Dahuri, Rochimin. (2004). Pembangunan Wilayah: Perspektif Ekonomi, Sosial dan Lingkungan. Jakarta: LP3ES.
]Search in Google Scholar
[
Okoye L.U., Adetiloye K.A., Erin O., dan Modebe N.J. 2017. Financial Inclusion as a Strategy for Enhanced Economic Growth and Development. Journal of Internet Banking and Commerce. Vol. 22 No. 58.
]Search in Google Scholar
[
Okpara, J.O. 2011. Factors constraining the growth and survival of SMEs in Nigeria Implications for poverty alleviation. Management Research Review, Vol. 34 No. 2, 2011 pp. 156-17110.1108/01409171111102786
]Search in Google Scholar
[
Onaolapo, A. R. (2015). Effects of financial inclusion on the economic growth of Nigeria. International Journal of Business and Management Review, Vol. 3 No. 8, pp. 11-28.
]Search in Google Scholar
[
Otoritas Jasa Keuangan (OJK). (2020). Survei Nasional Literasi dan Inklusi Keuangan 2019. https://www.ojk.go.id/id/berita-dan-kegiatan/publikasi/Pages/Survei-Nasional-Literasi-dan-Inklusi-Keuangan-2019.aspx.
]Search in Google Scholar
[
Park, C.-Y., & Mercado, R. (2015). Financial Inclusion, Poverty, and Income Inequality in Developing Asia. Asian Development Bank Economics Working Paper Series No. 426. Asian Development Bank. https://www.adb.org/sites/default/files/publication/153143/ewp-426.pdf
10.2139/ssrn.2558936
]Search in Google Scholar
[
Prasad E. 2010. Financial Sector Regulation and Reforms in Emerging Markets: An Overview. Working Paper Cambridge: National Bureau of Economic Research.10.3386/w16428
]Search in Google Scholar
[
Ratnawati, Kusuma. (2020). The Impact of Financial Inclusion on Economic Growth, Poverty, Income Inequality, and Financial Stability in Asia. Journal of Asian Finance, Economics and Business, 7(10), 073-085.10.13106/jafeb.2020.vol7.no10.073
]Search in Google Scholar
[
Rioja, F., & Valev, N. (2004). Does One Size Fit All? A Reexamination of the Finance and Growth Relationship. Journal of Development Economics, 74(2), 429–447.10.1016/j.jdeveco.2003.06.006
]Search in Google Scholar
[
Sandi, F. B. (2019). 5 Permasalahan UMKM yang Sering Terjadi di Indonesia dan Solusinya. Online-Pajak.Com. https://www.online-pajak.com/seputar-pph-final/permasalahan-umkm
]Search in Google Scholar
[
Sanjaya, I. M. (2014). Financial Inclusion and Inclusive Growth as a Poverty Alleviation Strategy in Indonesia. Bogor, Indonesia: Bogor Agricultural University
]Search in Google Scholar
[
Sarma, M. (2012). Index of Financial Inclusion – A Measure of Financial Sector Inclusiveness. Berlin Working Papers on Money, Finance, Trade and Development, No. 07/2012.
]Search in Google Scholar
[
Sarma, M., & Pais, J. (2011). Financial Inclusion and Development. Journal of International Development, 23(5), 613–628.10.1002/jid.1698
]Search in Google Scholar
[
Supartoyo, et al. 2018. Pengaruh Sektor Keuangan Bank Perkreditan Rakyat terhadap Perekonomian Regional Wilayah Sulawesi. Kementerian Keuangan RI Volume 2 Nomor 1.10.31685/kek.v2i1.207
]Search in Google Scholar
[
Tiwari, K.A., Muhammad Shahbaz, M. and Islam, F. (2013). Does Financial Development Increase Rural-Urban Income Inequality?: Cointegration Analysis in the Case of Indian Economy. International Journal of Social Economics, Vol. 40 Issue: 2, pp. 151-168.10.1108/03068291311283616
]Search in Google Scholar
[
World Bank. (2013). Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises. Washington, DC. World Bank. (2017). Global Findex Database. Washington, DC.10.1596/9780821399842
]Search in Google Scholar
[
Yang, Liu dan Zhang, Youtang. (2019). Digital Financial Inclusion and Sustainable Growth of Small and Micro Enterprises—Evidence Based on China’s New Third Board Market Listed Companies. Sustainability Journal, 12, 3733; doi: 10.3390/su12093733.
]Open DOISearch in Google Scholar
