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The Economic Impact of Banking the Unbanked : Evidence From Mexico / Bruhn, Miriam
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Bruhn, Miriam
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Access to finance.
- Access to financial services.
- Bank loans.
- Banks and Banking Reform.
- Borrower.
- Business owners.
- Commercial banking.
- Documentation requirements.
- Economic activity.
- Economic growth.
- Entrepreneurial activity.
- Finance and Financial Sector Development.
- Financial services.
- Households.
- Income groups.
- Informal economy.
- Installment.
- International bank.
- Loan.
- Loan officers.
- Microfinance.
- Microfinance institutions.
- Local Subjects:
- Access to Finance.
- Access to finance.
- Access to financial services.
- Bank loans.
- Banks and Banking Reform.
- Borrower.
- Business owners.
- Commercial banking.
- Documentation requirements.
- Economic activity.
- Economic growth.
- Entrepreneurial activity.
- Finance and Financial Sector Development.
- Financial services.
- Households.
- Income groups.
- Informal economy.
- Installment.
- International bank.
- Loan.
- Loan officers.
- Microfinance.
- Microfinance institutions.
- Physical Description:
- 1 online resource (30 pages)
- Other Title:
- Economic Impact Of Banking The Unbanked
- Place of Publication:
- Washington, D.C., The World Bank, 2009
- System Details:
- data file
- Summary:
- This paper examines the effects of providing financial services to low-income individuals on entrepreneurial activity, employment, and income. The analysis exploits cross-time and cross-municipality variation in the opening of Banco Azteca in Mexico to measure these effects with a difference-in-difference strategy. Banco Azteca opened more than 800 branches simultaneously in 2002, focusing on low-income clients. The results show that the opening of Banco Azteca led to an increase in the number of informal business owners by 7.6 percent. Total employment also increased, by 1.4 percent, and average income went up by about 7 percent.
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