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Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu / Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business, Vol. 37 No. 2, 2019.

Original scientific paper

https://doi.org/10.18045/zbefri.2019.2.401

International financial inclusion: Multidimensional determinants of access to saving and credit

Lilianne Isabel Pavón Cuéllar orcid id orcid.org/0000-0002-1410-034X ; Anáhuac University Mexico, Faculty of Business and Economics

Full text: croatian pdf 677 Kb

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Full text: english pdf 677 Kb

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Abstract

This work assesses quantitatively the determinants of two of the main indicators of financial inclusion: savings account ownership and credit access. Through the use of a dynamic panel, this work verifies that on the supply side, formal saving requires an infrastructure to access these services, as well as palliatives to the asymmetric information in the financial sector, while on the demand side, the education and the stability of income sources of its potential users are crucial. In order to move to a more comprehensive financial inclusion by taking a formal loan, even though access to this infrastructure is still relevant, its effect is decreasing. Therefore the national educational level and Credit Information Societies acquire relevance, as well as the employment vulnerability, which affects eligibility and the commitment that indebtedness entails. The significance of certain cultural traits in the credit static panel warns that, although financial inclusion can be promoted through standards vetted internationally, its effectiveness cannot be separated from the social context where they are implemented.

Keywords

financial inclusion; asymmetric information; cultural traits; vulnerable employment

Hrčak ID:

231288

URI

https://hrcak.srce.hr/231288

Publication date:

27.12.2019.

Article data in other languages: croatian

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