Determinants and evolution of financial inclusion in Latin America: A demand side analysis

IF 3.2 Q1 BUSINESS, FINANCE Quantitative Finance and Economics Pub Date : 2023-01-01 DOI:10.3934/qfe.2023010
S. Orazi, L. Martinez, H. Vigier
{"title":"Determinants and evolution of financial inclusion in Latin America: A demand side analysis","authors":"S. Orazi, L. Martinez, H. Vigier","doi":"10.3934/qfe.2023010","DOIUrl":null,"url":null,"abstract":"The benefits of financial inclusion could be particularly important in Latin America, where the levels of ownership and use of different instruments lag behind those of developed countries. An improvement in the ownership and use of formal financial instruments could result in a reduction in informality, the promotion of formal savings and productive credit, and, therefore, an inclusive economic growth. The objective of this paper is to analyze the financial inclusion of a group of Latin American countries in order to detect the most used financial instruments and the main socioeconomic determinants that explain their ownership or use. At the same time, the evolution of the main variables was also studied for the years 2011, 2014, 2017 and 2021. Micro-data from the Global Findex database was examined (except for 2021, in which only macro-data are available). Statistical models and multivariate econometrics are applied to understand the individual socioeconomic characteristics of people who are still very unlikely to own and use formal financial instruments. Finally, the main reasons for not having an account were analyzed in order to delve into the main restrictions on which the financial market must focus to achieve greater financial inclusion.","PeriodicalId":45226,"journal":{"name":"Quantitative Finance and Economics","volume":null,"pages":null},"PeriodicalIF":3.2000,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Quantitative Finance and Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3934/qfe.2023010","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0

Abstract

The benefits of financial inclusion could be particularly important in Latin America, where the levels of ownership and use of different instruments lag behind those of developed countries. An improvement in the ownership and use of formal financial instruments could result in a reduction in informality, the promotion of formal savings and productive credit, and, therefore, an inclusive economic growth. The objective of this paper is to analyze the financial inclusion of a group of Latin American countries in order to detect the most used financial instruments and the main socioeconomic determinants that explain their ownership or use. At the same time, the evolution of the main variables was also studied for the years 2011, 2014, 2017 and 2021. Micro-data from the Global Findex database was examined (except for 2021, in which only macro-data are available). Statistical models and multivariate econometrics are applied to understand the individual socioeconomic characteristics of people who are still very unlikely to own and use formal financial instruments. Finally, the main reasons for not having an account were analyzed in order to delve into the main restrictions on which the financial market must focus to achieve greater financial inclusion.
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
拉丁美洲普惠金融的决定因素与演变:需求侧分析
普惠金融的好处在拉丁美洲可能尤其重要,因为拉丁美洲不同金融工具的拥有率和使用率都落后于发达国家。改善正规金融工具的所有权和使用情况,可以减少非正规行为,促进正规储蓄和生产性信贷,从而实现包容性经济增长。本文的目的是分析一组拉丁美洲国家的金融包容性,以发现最常用的金融工具和解释其所有权或使用的主要社会经济决定因素。同时,对2011年、2014年、2017年和2021年主要变量的演变进行了研究。研究了全球Findex数据库中的微观数据(除了2021年,其中只有宏观数据可用)。统计模型和多元计量经济学应用于了解个人社会经济特征的人仍然不太可能拥有和使用正式的金融工具。最后,分析了没有账户的主要原因,以便深入研究金融市场必须关注的主要限制,以实现更大的金融包容性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
CiteScore
0.30
自引率
1.90%
发文量
14
审稿时长
12 weeks
期刊最新文献
The effects of different modes of foreign bank entry in the Turkish banking sector during the 2007–2009 Global financial crisis Cost and performance of carbon risk in socially responsible mutual funds Investing in virtue and frowning at vice? Lessons from the global economic and financial crisis Wavelet-based systematic risk estimation for GCC stock markets and impact of the embargo on the Qatar case Autoregressive distributed lag estimation of bank financing and Nigerian manufacturing sector capacity utilization
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1