Banking Services for Everyone? Barriers to Bank Access and Use around the World
Using information from 193 banks in 58 countries, the authors develop and analyze indicators of physical access, affordability, and eligibility barriers to deposit, loan, and payment services. They find substantial cross-country variation in barriers to banking and show that in many countries these...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/12/7245845/banking-services-everyone-barriers-bank-access-use-around-world http://hdl.handle.net/10986/8833 |
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okr-10986-88332021-04-23T14:02:41Z Banking Services for Everyone? Barriers to Bank Access and Use around the World Beck, Thorsten Demirguc-Kunt, Asli Martinez Peria, Maria Soledad ACCOUNT ADVERSE SELECTION AGENCY PROBLEMS ASYMMETRIC INFORMATION BANK ACCOUNTS BANK ASSETS BANK LOANS BANKING BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKS CHECKING CHECKING ACCOUNTS COMPETITIVENESS CONTRACT ENFORCEMENT DEPOSIT ACCOUNTS DEPOSITORS DEPOSITS DEVELOPMENT ECONOMIC GROWTH FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY DEVELOPMENT FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS GDP GDP PER CAPITA GINI COEFFICIENT INCOME INCOME DISTRIBUTION INTEREST RATES LATIN AMERICAN LEGISLATION MICROFINANCE MIDDLE EAST MORAL HAZARD MORTGAGE LOANS OWNERSHIP STRUCTURE PER CAPITA INCOME PRODUCTIVITY PRODUCTIVITY GROWTH REGRESSION ANALYSIS SAVINGS SAVINGS ACCOUNTS SMALL BANKS SUB-SAHARAN AFRICA TRANSACTION COSTS TRANSPARENCY TRINIDAD AND TOBAGO WESTERN EUROPE Using information from 193 banks in 58 countries, the authors develop and analyze indicators of physical access, affordability, and eligibility barriers to deposit, loan, and payment services. They find substantial cross-country variation in barriers to banking and show that in many countries these barriers can potentially exclude a significant share of the population from using banking services. Correlations with bank- and country-level variables show that bank size and the availability of physical infrastructure are the most robust predictors of barriers. Further, the authors find evidence that in more competitive, open, and transparent economies, and in countries with better contractual and informational frameworks, banks impose lower barriers. Finally, though foreign banks seem to charge higher fees than other banks, in foreign dominated banking systems fees are lower and it is easier to open bank accounts and to apply for loans. On the other hand, in systems that are predominantly government-owned, customers pay lower fees but also face greater restrictions in terms of where to apply for loans and how long it takes to have applications processed. These findings have important implications for policy reforms to broaden access. 2012-06-22T19:27:50Z 2012-06-22T19:27:50Z 2006-12 http://documents.worldbank.org/curated/en/2006/12/7245845/banking-services-everyone-barriers-bank-access-use-around-world http://hdl.handle.net/10986/8833 English en_US Policy Research Working Paper; No. 4079 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| 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 |
ACCOUNT ADVERSE SELECTION AGENCY PROBLEMS ASYMMETRIC INFORMATION BANK ACCOUNTS BANK ASSETS BANK LOANS BANKING BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKS CHECKING CHECKING ACCOUNTS COMPETITIVENESS CONTRACT ENFORCEMENT DEPOSIT ACCOUNTS DEPOSITORS DEPOSITS DEVELOPMENT ECONOMIC GROWTH FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY DEVELOPMENT FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS GDP GDP PER CAPITA GINI COEFFICIENT INCOME INCOME DISTRIBUTION INTEREST RATES LATIN AMERICAN LEGISLATION MICROFINANCE MIDDLE EAST MORAL HAZARD MORTGAGE LOANS OWNERSHIP STRUCTURE PER CAPITA INCOME PRODUCTIVITY PRODUCTIVITY GROWTH REGRESSION ANALYSIS SAVINGS SAVINGS ACCOUNTS SMALL BANKS SUB-SAHARAN AFRICA TRANSACTION COSTS TRANSPARENCY TRINIDAD AND TOBAGO WESTERN EUROPE |
| spellingShingle |
ACCOUNT ADVERSE SELECTION AGENCY PROBLEMS ASYMMETRIC INFORMATION BANK ACCOUNTS BANK ASSETS BANK LOANS BANKING BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKS CHECKING CHECKING ACCOUNTS COMPETITIVENESS CONTRACT ENFORCEMENT DEPOSIT ACCOUNTS DEPOSITORS DEPOSITS DEVELOPMENT ECONOMIC GROWTH FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY DEVELOPMENT FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS GDP GDP PER CAPITA GINI COEFFICIENT INCOME INCOME DISTRIBUTION INTEREST RATES LATIN AMERICAN LEGISLATION MICROFINANCE MIDDLE EAST MORAL HAZARD MORTGAGE LOANS OWNERSHIP STRUCTURE PER CAPITA INCOME PRODUCTIVITY PRODUCTIVITY GROWTH REGRESSION ANALYSIS SAVINGS SAVINGS ACCOUNTS SMALL BANKS SUB-SAHARAN AFRICA TRANSACTION COSTS TRANSPARENCY TRINIDAD AND TOBAGO WESTERN EUROPE Beck, Thorsten Demirguc-Kunt, Asli Martinez Peria, Maria Soledad Banking Services for Everyone? Barriers to Bank Access and Use around the World |
| relation |
Policy Research Working Paper; No. 4079 |
| description |
Using information from 193 banks in 58 countries, the authors develop and analyze indicators of physical access, affordability, and eligibility barriers to deposit, loan, and payment services. They find substantial cross-country variation in barriers to banking and show that in many countries these barriers can potentially exclude a significant share of the population from using banking services. Correlations with bank- and country-level variables show that bank size and the availability of physical infrastructure are the most robust predictors of barriers. Further, the authors find evidence that in more competitive, open, and transparent economies, and in countries with better contractual and informational frameworks, banks impose lower barriers. Finally, though foreign banks seem to charge higher fees than other banks, in foreign dominated banking systems fees are lower and it is easier to open bank accounts and to apply for loans. On the other hand, in systems that are predominantly government-owned, customers pay lower fees but also face greater restrictions in terms of where to apply for loans and how long it takes to have applications processed. These findings have important implications for policy reforms to broaden access. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Beck, Thorsten Demirguc-Kunt, Asli Martinez Peria, Maria Soledad |
| author_facet |
Beck, Thorsten Demirguc-Kunt, Asli Martinez Peria, Maria Soledad |
| author_sort |
Beck, Thorsten |
| title |
Banking Services for Everyone? Barriers to Bank Access and Use around the World |
| title_short |
Banking Services for Everyone? Barriers to Bank Access and Use around the World |
| title_full |
Banking Services for Everyone? Barriers to Bank Access and Use around the World |
| title_fullStr |
Banking Services for Everyone? Barriers to Bank Access and Use around the World |
| title_full_unstemmed |
Banking Services for Everyone? Barriers to Bank Access and Use around the World |
| title_sort |
banking services for everyone? barriers to bank access and use around the world |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/12/7245845/banking-services-everyone-barriers-bank-access-use-around-world http://hdl.handle.net/10986/8833 |
| _version_ |
1764406626546089984 |