Mexico : Broadening Access to Financial Services Among the Urban Population, Mexico City's Unbanked, Volume 1, Main Report

The present report looks at issues of access to financial services in urban Mexico, drawing on existing documentation as well as on research (surveys, interviews and focus groups) carried out in Mexico City during 2002. The motivation behind this interest in financial exclusion is two fold. First, i...

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Main Author:	World Bank
Format:	Other Financial Sector Study
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCOUNTING BANK ACCOUNTS BANK REGULATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKS BORROWING BUSINESS INVESTMENT CAR LOANS CHECKING CHECKING ACCOUNTS COLLATERAL COMMERCIAL BANKS COMMERCIAL CREDIT CONSUMER PROTECTION CREDIT UNIONS DEPOSIT ACCOUNTS DEPOSITS DEREGULATION DEVELOPMENT BANKING ECONOMIC GROWTH ECONOMIC SECTOR WORK ELECTRONIC BANKING ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFER EMERGING MARKETS EMPLOYMENT FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SERVICES FIXED ASSET GDP GLOBALIZATION GROSS DOMESTIC PRODUCT HOUSING INCOME INCOME DISTRIBUTION INCOME GROUPS INCOME LEVELS INFLATION INFORMATION DISSEMINATION INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL MONETARY FUND INVESTMENT SERVICES LAWS LEGAL FRAMEWORK LEGISLATION LIQUIDITY LIQUIDITY CONSTRAINTS LITIGATION LONG TERM INTEREST RATES LONG TERM INVESTMENT MICROFINANCE MULTIPLIERS MUNICIPAL GOVERNMENTS OPPORTUNITY COSTS PAYMENT SYSTEMS PORTFOLIO PRICE CONTROLS PROFITABILITY PROPERTY IMPROVEMENT PUBLIC DISCLOSURE PUBLIC SERVICES PURCHASING POWER REGULATORY FRAMEWORK RISK FACTORS RISKY BUSINESS SAVINGS SAVINGS ACCOUNTS SAVINGS INSTITUTIONS SAVINGS PROGRAMS SMALL BUSINESS TECHNICAL ASSISTANCE TELEPHONE BANKING TIME DEPOSITS UNDERESTIMATES VENTURE CAPITAL WEALTH WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2005/09/6527677/mexico-broadening-access-financial-services-among-urban-population-mexico-citys-unbanked-vol-1-2-main-report http://hdl.handle.net/10986/8407

id	okr-10986-8407
recordtype	oai_dc
spelling	okr-10986-84072021-04-23T14:02:39Z Mexico : Broadening Access to Financial Services Among the Urban Population, Mexico City's Unbanked, Volume 1, Main Report World Bank ACCOUNTING BANK ACCOUNTS BANK REGULATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKS BORROWING BUSINESS INVESTMENT CAR LOANS CHECKING CHECKING ACCOUNTS COLLATERAL COMMERCIAL BANKS COMMERCIAL CREDIT CONSUMER PROTECTION CREDIT UNIONS DEPOSIT ACCOUNTS DEPOSITS DEREGULATION DEVELOPMENT BANKING ECONOMIC GROWTH ECONOMIC SECTOR WORK ELECTRONIC BANKING ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFER EMERGING MARKETS EMPLOYMENT FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SERVICES FIXED ASSET GDP GLOBALIZATION GROSS DOMESTIC PRODUCT HOUSING INCOME INCOME DISTRIBUTION INCOME GROUPS INCOME LEVELS INFLATION INFORMATION DISSEMINATION INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL MONETARY FUND INVESTMENT SERVICES LAWS LEGAL FRAMEWORK LEGISLATION LIQUIDITY LIQUIDITY CONSTRAINTS LITIGATION LONG TERM INTEREST RATES LONG TERM INVESTMENT MICROFINANCE MULTIPLIERS MUNICIPAL GOVERNMENTS OPPORTUNITY COSTS PAYMENT SYSTEMS PORTFOLIO PRICE CONTROLS PROFITABILITY PROPERTY IMPROVEMENT PUBLIC DISCLOSURE PUBLIC SERVICES PURCHASING POWER REGULATORY FRAMEWORK RISK FACTORS RISKY BUSINESS SAVINGS SAVINGS ACCOUNTS SAVINGS INSTITUTIONS SAVINGS PROGRAMS SMALL BUSINESS TECHNICAL ASSISTANCE TELEPHONE BANKING TIME DEPOSITS UNDERESTIMATES VENTURE CAPITAL WEALTH WORKING CAPITAL The present report looks at issues of access to financial services in urban Mexico, drawing on existing documentation as well as on research (surveys, interviews and focus groups) carried out in Mexico City during 2002. The motivation behind this interest in financial exclusion is two fold. First, it is well documented that being "unbanked" (excluded from access to financial services) has costs; and it makes it more expensive to engage in a number of transactions (paying and being paid) and more difficult to save while maintaining the value of an asset As such, higher access to financial services is desirable from an efficiency point of view. Second, financial exclusion is an issue that primarily affects the poor. Access to financial services can help with poverty alleviation, particularly to the extent that it encourage asset buildings and help cope with shocks and overcome liquidity constraints. The report focuses on two key questions: what are the benefits the unbanked (those excluded from financial services) could gain from using formal financial sector institutions; and what discourages them from doing so. The objective is to help to identify measures to increase access to financial services in Mexico. As such the report is organized as follows. Chapter 1 sets the stage by discussing the importance of access to financial services and what other countries are doing to promote such access. Chapter 2 presents an analysis of actual and potential demand for financial services, and offers a profile of the unbanked residents of Mexico City. Chapter 3 then looks at the supply of financial services by the formal financial sector and possible explanations for Mexico's extremely low rate of financial access. Chapter 4 concludes and discusses possible means of improving financial participation. 2012-06-19T14:49:01Z 2012-06-19T14:49:01Z 2005-09 http://documents.worldbank.org/curated/en/2005/09/6527677/mexico-broadening-access-financial-services-among-urban-population-mexico-citys-unbanked-vol-1-2-main-report http://hdl.handle.net/10986/8407 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Latin America & Caribbean America North America Mexico
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING BANK ACCOUNTS BANK REGULATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKS BORROWING BUSINESS INVESTMENT CAR LOANS CHECKING CHECKING ACCOUNTS COLLATERAL COMMERCIAL BANKS COMMERCIAL CREDIT CONSUMER PROTECTION CREDIT UNIONS DEPOSIT ACCOUNTS DEPOSITS DEREGULATION DEVELOPMENT BANKING ECONOMIC GROWTH ECONOMIC SECTOR WORK ELECTRONIC BANKING ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFER EMERGING MARKETS EMPLOYMENT FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SERVICES FIXED ASSET GDP GLOBALIZATION GROSS DOMESTIC PRODUCT HOUSING INCOME INCOME DISTRIBUTION INCOME GROUPS INCOME LEVELS INFLATION INFORMATION DISSEMINATION INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL MONETARY FUND INVESTMENT SERVICES LAWS LEGAL FRAMEWORK LEGISLATION LIQUIDITY LIQUIDITY CONSTRAINTS LITIGATION LONG TERM INTEREST RATES LONG TERM INVESTMENT MICROFINANCE MULTIPLIERS MUNICIPAL GOVERNMENTS OPPORTUNITY COSTS PAYMENT SYSTEMS PORTFOLIO PRICE CONTROLS PROFITABILITY PROPERTY IMPROVEMENT PUBLIC DISCLOSURE PUBLIC SERVICES PURCHASING POWER REGULATORY FRAMEWORK RISK FACTORS RISKY BUSINESS SAVINGS SAVINGS ACCOUNTS SAVINGS INSTITUTIONS SAVINGS PROGRAMS SMALL BUSINESS TECHNICAL ASSISTANCE TELEPHONE BANKING TIME DEPOSITS UNDERESTIMATES VENTURE CAPITAL WEALTH WORKING CAPITAL
spellingShingle	ACCOUNTING BANK ACCOUNTS BANK REGULATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKS BORROWING BUSINESS INVESTMENT CAR LOANS CHECKING CHECKING ACCOUNTS COLLATERAL COMMERCIAL BANKS COMMERCIAL CREDIT CONSUMER PROTECTION CREDIT UNIONS DEPOSIT ACCOUNTS DEPOSITS DEREGULATION DEVELOPMENT BANKING ECONOMIC GROWTH ECONOMIC SECTOR WORK ELECTRONIC BANKING ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFER EMERGING MARKETS EMPLOYMENT FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SERVICES FIXED ASSET GDP GLOBALIZATION GROSS DOMESTIC PRODUCT HOUSING INCOME INCOME DISTRIBUTION INCOME GROUPS INCOME LEVELS INFLATION INFORMATION DISSEMINATION INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL MONETARY FUND INVESTMENT SERVICES LAWS LEGAL FRAMEWORK LEGISLATION LIQUIDITY LIQUIDITY CONSTRAINTS LITIGATION LONG TERM INTEREST RATES LONG TERM INVESTMENT MICROFINANCE MULTIPLIERS MUNICIPAL GOVERNMENTS OPPORTUNITY COSTS PAYMENT SYSTEMS PORTFOLIO PRICE CONTROLS PROFITABILITY PROPERTY IMPROVEMENT PUBLIC DISCLOSURE PUBLIC SERVICES PURCHASING POWER REGULATORY FRAMEWORK RISK FACTORS RISKY BUSINESS SAVINGS SAVINGS ACCOUNTS SAVINGS INSTITUTIONS SAVINGS PROGRAMS SMALL BUSINESS TECHNICAL ASSISTANCE TELEPHONE BANKING TIME DEPOSITS UNDERESTIMATES VENTURE CAPITAL WEALTH WORKING CAPITAL World Bank Mexico : Broadening Access to Financial Services Among the Urban Population, Mexico City's Unbanked, Volume 1, Main Report
geographic_facet	Latin America & Caribbean America North America Mexico
description	The present report looks at issues of access to financial services in urban Mexico, drawing on existing documentation as well as on research (surveys, interviews and focus groups) carried out in Mexico City during 2002. The motivation behind this interest in financial exclusion is two fold. First, it is well documented that being "unbanked" (excluded from access to financial services) has costs; and it makes it more expensive to engage in a number of transactions (paying and being paid) and more difficult to save while maintaining the value of an asset As such, higher access to financial services is desirable from an efficiency point of view. Second, financial exclusion is an issue that primarily affects the poor. Access to financial services can help with poverty alleviation, particularly to the extent that it encourage asset buildings and help cope with shocks and overcome liquidity constraints. The report focuses on two key questions: what are the benefits the unbanked (those excluded from financial services) could gain from using formal financial sector institutions; and what discourages them from doing so. The objective is to help to identify measures to increase access to financial services in Mexico. As such the report is organized as follows. Chapter 1 sets the stage by discussing the importance of access to financial services and what other countries are doing to promote such access. Chapter 2 presents an analysis of actual and potential demand for financial services, and offers a profile of the unbanked residents of Mexico City. Chapter 3 then looks at the supply of financial services by the formal financial sector and possible explanations for Mexico's extremely low rate of financial access. Chapter 4 concludes and discusses possible means of improving financial participation.
format	Economic & Sector Work :: Other Financial Sector Study
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Mexico : Broadening Access to Financial Services Among the Urban Population, Mexico City's Unbanked, Volume 1, Main Report
title_short	Mexico : Broadening Access to Financial Services Among the Urban Population, Mexico City's Unbanked, Volume 1, Main Report
title_full	Mexico : Broadening Access to Financial Services Among the Urban Population, Mexico City's Unbanked, Volume 1, Main Report
title_fullStr	Mexico : Broadening Access to Financial Services Among the Urban Population, Mexico City's Unbanked, Volume 1, Main Report
title_full_unstemmed	Mexico : Broadening Access to Financial Services Among the Urban Population, Mexico City's Unbanked, Volume 1, Main Report
title_sort	mexico : broadening access to financial services among the urban population, mexico city's unbanked, volume 1, main report
publisher	Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/09/6527677/mexico-broadening-access-financial-services-among-urban-population-mexico-citys-unbanked-vol-1-2-main-report http://hdl.handle.net/10986/8407
_version_	1764405367831265280

Mexico : Broadening Access to Financial Services Among the Urban Population, Mexico City's Unbanked, Volume 1, Main Report

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