Remittances and Financial Inclusion : Evidence from El Salvador
This paper investigates the impact of remittances on financial inclusion. This is an important issue given recent studies showing that financial inclusion can have significant beneficial effects on households. Using household-level survey data for...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111006135759 http://hdl.handle.net/10986/3603 |
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okr-10986-3603 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO BANK ACCESS TO BANK ACCOUNTS ACCESS TO CREDIT ACCESS TO FINANCIAL SERVICES ACCESS TO SAVINGS AGRICULTURAL ACTIVITIES AGRICULTURAL ACTIVITY AGRICULTURE AMOUNT OF REMITTANCES BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK BRANCHES BANK CREDIT BANK DEPOSITS BANK OFFICE BANK POLICY BANKING SECTOR BANKING SYSTEM BANKS BIG CITIES BUSINESS FORMATION CAPITA INCOME CAPITAL FLOWS CAPITAL MARKET CENTRAL BANK CHECKING ACCOUNT CHILD HEALTH CIVIL WAR COLLATERAL COMMERCIAL BANKS CONSUMER LOANS COOPERATIVES COSTS OF REMITTANCES CREDIT ACCESS CREDIT CONSTRAINTS CREDIT PRODUCTS CREDIT UNIONS DATA ON REMITTANCES DEMAND FOR CREDIT DEMAND FOR SAVINGS DEMOGRAPHIC CHARACTERISTICS DEPOSIT DEPOSIT ACCOUNT DEPOSIT ACCOUNTS DETERMINANTS OF REMITTANCES DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT CENTER DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIVIDENDS DUMMY VARIABLE DUMMY VARIABLES DURABLES ECONOMETRIC MODELS ECONOMIC ACTIVITIES ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMIC SELF-SUFFICIENCY EDUCATIONAL ATTAINMENT EFFECT OF REMITTANCES EFFECTS OF REMITTANCES EMIGRATION EMPLOYERS EMPLOYMENT STATUS EMPOWERMENT EXCHANGE RATE EXCLUSION EXPENDITURE EXPORTS EXTERNAL FINANCING FINANCE COMPANY FINANCIAL ACCESS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL MARKETS DEVELOPMENT FINANCIAL REFORMS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STUDIES FINANCIAL SYSTEM FIXED COSTS FOREIGN BANK FOREIGN BANK ENTRY FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FUTURE RESEARCH GDP GDP PER CAPITA GENDER GLOBAL DEVELOPMENT GLOBALIZATION HEAD OF HOUSEHOLD HOLDING HOST COUNTRY HOUSEHOLD FIXED EFFECTS HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD SURVEYS HOUSEHOLDS HUMAN CAPITAL IMPACT OF MIGRATION IMPACT OF REMITTANCES IMPORTANCE OF REMITTANCES INCOME INEQUALITY INEQUALITY INFANT INFORMAL CHANNELS INSTRUMENT INSURANCE INTERNATIONAL BANK INTERNATIONAL MIGRANTS INTERNATIONAL MIGRATION INTERNATIONAL REMITTANCES KINSHIP LAND OWNERSHIP LARGE CITIES LIVING STANDARDS LOAN MACROECONOMIC PERFORMANCE MENTAL HEALTH MICRO-ENTERPRISES MICROCREDIT MICROENTERPRISES MICROFINANCE MIGRANT MIGRANT REMITTANCES MIGRANTS MIGRANTS SENDING REMITTANCES MIGRATION MIGRATION FLOWS MIGRATION PATTERNS MONETARY FUND MORTALITY OFFICIAL DEVELOPMENT ASSISTANCE PENSIONS PER CAPITA INCOME POLICY DISCUSSIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL ECONOMY POSITIVE COEFFICIENT POSITIVE EFFECTS PRIVATE CAPITAL PRIVATE CREDIT PRIVATIZATION PRODUCTIVE INVESTMENT PROFITABILITY PROGRESS REAL GDP REAL INCOME RECEIPT RECIPIENT HOUSEHOLDS REMITTANCE REMITTANCE FLOW REMITTANCE FLOWS REMITTANCE RECIPIENTS REMITTANCES REMITTANCES FLOWS RESERVE RESPECT ROLE OF REMITTANCES SAVINGS SAVINGS ACCOUNT SAVINGS INSTRUMENTS SAVINGS PRODUCT SAVINGS PRODUCTS SEND REMITTANCES SOCIAL DEVELOPMENT SOCIAL SCIENCE SOURCE OF CREDIT SPOUSE TEMPORARY MIGRATION TERM DEPOSITS TOTAL AMOUNT OF REMITTANCES VALUE OF REMITTANCES VOLATILE INCOMES WEALTH |
| spellingShingle |
ACCESS TO BANK ACCESS TO BANK ACCOUNTS ACCESS TO CREDIT ACCESS TO FINANCIAL SERVICES ACCESS TO SAVINGS AGRICULTURAL ACTIVITIES AGRICULTURAL ACTIVITY AGRICULTURE AMOUNT OF REMITTANCES BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK BRANCHES BANK CREDIT BANK DEPOSITS BANK OFFICE BANK POLICY BANKING SECTOR BANKING SYSTEM BANKS BIG CITIES BUSINESS FORMATION CAPITA INCOME CAPITAL FLOWS CAPITAL MARKET CENTRAL BANK CHECKING ACCOUNT CHILD HEALTH CIVIL WAR COLLATERAL COMMERCIAL BANKS CONSUMER LOANS COOPERATIVES COSTS OF REMITTANCES CREDIT ACCESS CREDIT CONSTRAINTS CREDIT PRODUCTS CREDIT UNIONS DATA ON REMITTANCES DEMAND FOR CREDIT DEMAND FOR SAVINGS DEMOGRAPHIC CHARACTERISTICS DEPOSIT DEPOSIT ACCOUNT DEPOSIT ACCOUNTS DETERMINANTS OF REMITTANCES DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT CENTER DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIVIDENDS DUMMY VARIABLE DUMMY VARIABLES DURABLES ECONOMETRIC MODELS ECONOMIC ACTIVITIES ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMIC SELF-SUFFICIENCY EDUCATIONAL ATTAINMENT EFFECT OF REMITTANCES EFFECTS OF REMITTANCES EMIGRATION EMPLOYERS EMPLOYMENT STATUS EMPOWERMENT EXCHANGE RATE EXCLUSION EXPENDITURE EXPORTS EXTERNAL FINANCING FINANCE COMPANY FINANCIAL ACCESS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL MARKETS DEVELOPMENT FINANCIAL REFORMS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STUDIES FINANCIAL SYSTEM FIXED COSTS FOREIGN BANK FOREIGN BANK ENTRY FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FUTURE RESEARCH GDP GDP PER CAPITA GENDER GLOBAL DEVELOPMENT GLOBALIZATION HEAD OF HOUSEHOLD HOLDING HOST COUNTRY HOUSEHOLD FIXED EFFECTS HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD SURVEYS HOUSEHOLDS HUMAN CAPITAL IMPACT OF MIGRATION IMPACT OF REMITTANCES IMPORTANCE OF REMITTANCES INCOME INEQUALITY INEQUALITY INFANT INFORMAL CHANNELS INSTRUMENT INSURANCE INTERNATIONAL BANK INTERNATIONAL MIGRANTS INTERNATIONAL MIGRATION INTERNATIONAL REMITTANCES KINSHIP LAND OWNERSHIP LARGE CITIES LIVING STANDARDS LOAN MACROECONOMIC PERFORMANCE MENTAL HEALTH MICRO-ENTERPRISES MICROCREDIT MICROENTERPRISES MICROFINANCE MIGRANT MIGRANT REMITTANCES MIGRANTS MIGRANTS SENDING REMITTANCES MIGRATION MIGRATION FLOWS MIGRATION PATTERNS MONETARY FUND MORTALITY OFFICIAL DEVELOPMENT ASSISTANCE PENSIONS PER CAPITA INCOME POLICY DISCUSSIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL ECONOMY POSITIVE COEFFICIENT POSITIVE EFFECTS PRIVATE CAPITAL PRIVATE CREDIT PRIVATIZATION PRODUCTIVE INVESTMENT PROFITABILITY PROGRESS REAL GDP REAL INCOME RECEIPT RECIPIENT HOUSEHOLDS REMITTANCE REMITTANCE FLOW REMITTANCE FLOWS REMITTANCE RECIPIENTS REMITTANCES REMITTANCES FLOWS RESERVE RESPECT ROLE OF REMITTANCES SAVINGS SAVINGS ACCOUNT SAVINGS INSTRUMENTS SAVINGS PRODUCT SAVINGS PRODUCTS SEND REMITTANCES SOCIAL DEVELOPMENT SOCIAL SCIENCE SOURCE OF CREDIT SPOUSE TEMPORARY MIGRATION TERM DEPOSITS TOTAL AMOUNT OF REMITTANCES VALUE OF REMITTANCES VOLATILE INCOMES WEALTH Anzoategui, Diego Demirgüç-Kunt, Asli Martínez Pería, María Soledad Remittances and Financial Inclusion : Evidence from El Salvador |
| geographic_facet |
Latin America & Caribbean Latin America & Caribbean Central America America El Salvador |
| relation |
Policy Research working paper ; no. WPS 5839 |
| description |
This paper investigates the impact of
remittances on financial inclusion. This is an important
issue given recent studies showing that financial inclusion
can have significant beneficial effects on households. Using
household-level survey data for El Salvador, the authors
examine the impact of remittances on households' use of
savings and credit instruments from formal financial
institutions. They 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 |
Publications & Research :: Policy Research Working Paper |
| 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 |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111006135759 http://hdl.handle.net/10986/3603 |
| _version_ |
1764387400237187072 |
| spelling |
okr-10986-36032021-04-23T14:02:11Z Remittances and Financial Inclusion : Evidence from El Salvador Anzoategui, Diego Demirgüç-Kunt, Asli Martínez Pería, María Soledad ACCESS TO BANK ACCESS TO BANK ACCOUNTS ACCESS TO CREDIT ACCESS TO FINANCIAL SERVICES ACCESS TO SAVINGS AGRICULTURAL ACTIVITIES AGRICULTURAL ACTIVITY AGRICULTURE AMOUNT OF REMITTANCES BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK BRANCHES BANK CREDIT BANK DEPOSITS BANK OFFICE BANK POLICY BANKING SECTOR BANKING SYSTEM BANKS BIG CITIES BUSINESS FORMATION CAPITA INCOME CAPITAL FLOWS CAPITAL MARKET CENTRAL BANK CHECKING ACCOUNT CHILD HEALTH CIVIL WAR COLLATERAL COMMERCIAL BANKS CONSUMER LOANS COOPERATIVES COSTS OF REMITTANCES CREDIT ACCESS CREDIT CONSTRAINTS CREDIT PRODUCTS CREDIT UNIONS DATA ON REMITTANCES DEMAND FOR CREDIT DEMAND FOR SAVINGS DEMOGRAPHIC CHARACTERISTICS DEPOSIT DEPOSIT ACCOUNT DEPOSIT ACCOUNTS DETERMINANTS OF REMITTANCES DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT CENTER DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIVIDENDS DUMMY VARIABLE DUMMY VARIABLES DURABLES ECONOMETRIC MODELS ECONOMIC ACTIVITIES ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMIC SELF-SUFFICIENCY EDUCATIONAL ATTAINMENT EFFECT OF REMITTANCES EFFECTS OF REMITTANCES EMIGRATION EMPLOYERS EMPLOYMENT STATUS EMPOWERMENT EXCHANGE RATE EXCLUSION EXPENDITURE EXPORTS EXTERNAL FINANCING FINANCE COMPANY FINANCIAL ACCESS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL MARKETS DEVELOPMENT FINANCIAL REFORMS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STUDIES FINANCIAL SYSTEM FIXED COSTS FOREIGN BANK FOREIGN BANK ENTRY FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FUTURE RESEARCH GDP GDP PER CAPITA GENDER GLOBAL DEVELOPMENT GLOBALIZATION HEAD OF HOUSEHOLD HOLDING HOST COUNTRY HOUSEHOLD FIXED EFFECTS HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD SURVEYS HOUSEHOLDS HUMAN CAPITAL IMPACT OF MIGRATION IMPACT OF REMITTANCES IMPORTANCE OF REMITTANCES INCOME INEQUALITY INEQUALITY INFANT INFORMAL CHANNELS INSTRUMENT INSURANCE INTERNATIONAL BANK INTERNATIONAL MIGRANTS INTERNATIONAL MIGRATION INTERNATIONAL REMITTANCES KINSHIP LAND OWNERSHIP LARGE CITIES LIVING STANDARDS LOAN MACROECONOMIC PERFORMANCE MENTAL HEALTH MICRO-ENTERPRISES MICROCREDIT MICROENTERPRISES MICROFINANCE MIGRANT MIGRANT REMITTANCES MIGRANTS MIGRANTS SENDING REMITTANCES MIGRATION MIGRATION FLOWS MIGRATION PATTERNS MONETARY FUND MORTALITY OFFICIAL DEVELOPMENT ASSISTANCE PENSIONS PER CAPITA INCOME POLICY DISCUSSIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL ECONOMY POSITIVE COEFFICIENT POSITIVE EFFECTS PRIVATE CAPITAL PRIVATE CREDIT PRIVATIZATION PRODUCTIVE INVESTMENT PROFITABILITY PROGRESS REAL GDP REAL INCOME RECEIPT RECIPIENT HOUSEHOLDS REMITTANCE REMITTANCE FLOW REMITTANCE FLOWS REMITTANCE RECIPIENTS REMITTANCES REMITTANCES FLOWS RESERVE RESPECT ROLE OF REMITTANCES SAVINGS SAVINGS ACCOUNT SAVINGS INSTRUMENTS SAVINGS PRODUCT SAVINGS PRODUCTS SEND REMITTANCES SOCIAL DEVELOPMENT SOCIAL SCIENCE SOURCE OF CREDIT SPOUSE TEMPORARY MIGRATION TERM DEPOSITS TOTAL AMOUNT OF REMITTANCES VALUE OF REMITTANCES VOLATILE INCOMES WEALTH This paper investigates the impact of remittances on financial inclusion. This is an important issue given recent studies showing that financial inclusion can have significant beneficial effects on households. Using household-level survey data for El Salvador, the authors examine the impact of remittances on households' use of savings and credit instruments from formal financial institutions. They 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. 2012-03-19T18:05:22Z 2012-03-19T18:05:22Z 2011-10-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111006135759 http://hdl.handle.net/10986/3603 English Policy Research working paper ; no. WPS 5839 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Latin America & Caribbean Latin America & Caribbean Central America America El Salvador |