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Financial exclusion and branch closures in Spain after the Great Recession

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  • Alfredo Martin-Oliver

Abstract

The paper analyzes the factors behind the changes in spatial accessibility to services due to the closure of bank branches during the Great Recession. It uses data on the geolocations of Spanish branches in 2007 and 2014 and finds that the distance between branches increases because of (1) the contraction in the demand for bank services and (2) the transformation of not-for-profit cajas into for-profit banks that caused them to abandon their social mission of contributing to financial inclusion. The results highlight the heterogeneity in the accessibility to bank services across locations and population segments and the need for policies targeting financial inclusion.

Suggested Citation

  • Alfredo Martin-Oliver, 2019. "Financial exclusion and branch closures in Spain after the Great Recession," Regional Studies, Taylor & Francis Journals, vol. 53(4), pages 562-573, April.
    • Handle: RePEc:taf:regstd:v:53:y:2019:i:4:p:562-573
    DOI: 10.1080/00343404.2018.1462485
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    Cited by:

    1. Abdalla Al Khub & Mohamed Saeudy & Ali Meftah Gerged, 2024. "Digital Financial Inclusion in Emerging Economies: Evidence from Jordan," JRFM, MDPI, vol. 17(2), pages 1-14, February.
    2. Maria Teresa Balaguer‐Coll & Isabel Narbón‐Perpiñá & Jesús Peiró‐Palomino & Emili Tortosa‐Ausina, 2022. "Quality of government and economic growth at the municipal level: Evidence from Spain," Journal of Regional Science, Wiley Blackwell, vol. 62(1), pages 96-124, January.
    3. Maddalena Galardo & Iconio Garrì & Paolo Emilio Mistrulli & Davide Revelli, 2021. "The geography of banking: Evidence from branch closings," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 50(1), February.
    4. Sergio Luis Náñez Alonso & Javier Jorge-Vazquez & Ricardo Francisco Reier Forradellas, 2020. "Detection of Financial Inclusion Vulnerable Rural Areas through an Access to Cash Index: Solutions Based on the Pharmacy Network and a CBDC. Evidence Based on Ávila (Spain)," Sustainability, MDPI, vol. 12(18), pages 1-33, September.
    5. Paula Cruz-García & María del Carmen Dircio Palacios Macedo & Emili Tortosa-Ausina, 2020. "What drives financial exclusion in Mexican municipalities?," Working Papers 2020/19, Economics Department, Universitat Jaume I, Castellón (Spain).
    6. Cruz-García, Paula & Peiró-Palomino, Jesús, 2023. "Does bank branch density reduce income inequality in the Spanish provinces?," Finance Research Letters, Elsevier, vol. 58(PD).
    7. Joan Calzada & Xavier Fageda & Fernando Martínez-Santos, 2023. "Mergers and bank branches: two decades of evidence from the USA," Empirical Economics, Springer, vol. 64(5), pages 2411-2447, May.
    8. Márton Gosztonyi & Dániel Havran, 2022. "Highways to Hell? Paths Towards the Formal Financial Exclusion: Empirical Lessons of the Households from Northern Hungary," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(3), pages 1573-1606, June.
    9. Lianying Yao & Xiaoxiao Ma, 2022. "Has digital finance widened the income gap?," PLOS ONE, Public Library of Science, vol. 17(2), pages 1-20, February.

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