20.500.12556/DKUM-98025 Does greater banking inclusion enhance or undermine banking stability in Tunisia? Evidence from a nonlinear analysis Ali večja vključenost v bančni sistem krepi ali ogroža stabilnost bančnega sistema v Tuniziji? Ugotovitve nelinearne analize This paper employs a panel smooth transition regression approach to investigate the relationship between banking inclusion and banking stability in Tunisia over the period 2006–2022. Considering various dimensions of banking stability, our findings indicate an inverted U-shaped relationship between banking inclusion and stability. This indicates that banking inclusion is pivotal for strengthening banking stability up to a certain threshold. Nonetheless, once this threshold is reached, higher levels of banking inclusion lead to banking instability. This is primarily due to increased exposure to less financially experienced clients. Additionally, rapid credit expansion can strain banks’ internal risk management systems, even under strong regulatory oversight in Tunisia. This transition between regimes unfolds gradually. Our research provides essential policy implications and guidance for Tunisian financial regulators in designing strategies to balance banking inclusion and banking stability. bančna vključenost bančna stabilnost razmerje v obliki obrnjene črke U Tunizija panelna regresija z gladkim prehodom true false true Angleški jezik Slovenski jezik Znanstveno delo 2026-05-08 12:11:41 2026-05-08 12:11:41 2026-05-09 03:09:17 0000-00-00 00:00:00 2026 0 0 str. 37-51 no. 1 Vol. 72 2026 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 2026-03-27 336.71(611) 277524483 10.2478/ngoe-2026-0004 2385-8052 https://journals.um.si/index.php/oe/en/article/view/5956 Prost dostop 1 50298726-4ac6-11f1-a4b2-00155d0001a1 https://dk.um.si/Dokument.php?lang=slv&id=205936 RAZ_Sebai_Meriem_2026.pdf RAZ_Sebai_Meriem_2026.pdf 1 1A0DE8A0DAE470428863F6209B8D729B 73c7f16f6c3fa54f4d758e4628c58ed4cc8bcd7450e9a7d59a9b4f6d160b8bb4 64d2926f-4ac6-11f1-a4b2-00155d0001a1 https://dk.um.si/Dokument.php?lang=slv&id=205937 Ekonomsko-poslovna fakulteta Naše gospodarstvo 0 0 0