Remittances and Financial Inclusion : Evidence from El Salvador

This paper investigates the impact of remittances on financial inclusion. Using household-level survey data for El Salvador, we examine whether remittances affect households’ use of savings and credit instruments from formal financial institutions. We find that although remittances have a positive i...

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Main Authors:	Anzoategui, Diego, Demirgüç-Kunt, Asli, Martínez Pería, María Soledad
Format:	Journal Article
Language:	en_US
Published:	Elsevier 2013
Subjects:	remittances financial inclusion
Online Access:	http://hdl.handle.net/10986/16378

id	okr-10986-16378
recordtype	oai_dc
spelling	okr-10986-163782021-04-23T14:03:28Z Remittances and Financial Inclusion : Evidence from El Salvador Anzoategui, Diego Demirgüç-Kunt, Asli Martínez Pería, María Soledad remittances financial inclusion This paper investigates the impact of remittances on financial inclusion. Using household-level survey data for El Salvador, we examine whether remittances affect households’ use of savings and credit instruments from formal financial institutions. We find that although remittances have a positive impact on financial inclusion by promoting the use of deposit accounts, they do not have a significant and robust effect on the demand for and use of credit from formal institutions. If anything, by relaxing credit constraints, remittances might reduce the need for external financing from financial institutions, while at the same time increasing the demand for savings instruments. 2013-12-12T17:06:18Z 2013-12-12T17:06:18Z 2013-10-15 Journal Article World Development 0305-750X http://hdl.handle.net/10986/16378 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Elsevier Publications & Research :: Journal Article Publications & Research El Salvador
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	remittances financial inclusion
spellingShingle	remittances financial inclusion Anzoategui, Diego Demirgüç-Kunt, Asli Martínez Pería, María Soledad Remittances and Financial Inclusion : Evidence from El Salvador
geographic_facet	El Salvador
description	This paper investigates the impact of remittances on financial inclusion. Using household-level survey data for El Salvador, we examine whether remittances affect households’ use of savings and credit instruments from formal financial institutions. We find that although remittances have a positive impact on financial inclusion by promoting the use of deposit accounts, they do not have a significant and robust effect on the demand for and use of credit from formal institutions. If anything, by relaxing credit constraints, remittances might reduce the need for external financing from financial institutions, while at the same time increasing the demand for savings instruments.
format	Journal Article
author	Anzoategui, Diego Demirgüç-Kunt, Asli Martínez Pería, María Soledad
author_facet	Anzoategui, Diego Demirgüç-Kunt, Asli Martínez Pería, María Soledad
author_sort	Anzoategui, Diego
title	Remittances and Financial Inclusion : Evidence from El Salvador
title_short	Remittances and Financial Inclusion : Evidence from El Salvador
title_full	Remittances and Financial Inclusion : Evidence from El Salvador
title_fullStr	Remittances and Financial Inclusion : Evidence from El Salvador
title_full_unstemmed	Remittances and Financial Inclusion : Evidence from El Salvador
title_sort	remittances and financial inclusion : evidence from el salvador
publisher	Elsevier
publishDate	2013
url	http://hdl.handle.net/10986/16378
_version_	1764433020039725056

Remittances and Financial Inclusion : Evidence from El Salvador

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