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Household Access to Financial Services in Peru

In: Financial Decisions of Households and Financial Inclusion: Evidence for Latin America and the Caribbean

Author

Listed:
  • Augusta Alfageme

    (Banco Central de Reserva del Perú)

  • Nelson R. Ramírez Rondán

    (Universidad del Pacífico)

Abstract

A sound financial system benefits national growth by enabling households to access financial products, develop their financial abilities and achieve greater economic well-being, while encouraging the development of financial markets and contributing to the reduction of poverty and inequality. To this end, this work has two objectives: First, to describe the evolution of household access to financial services, proposing a methodology for measuring it using the National Household Surveys of Life Conditions and Poverty (ENAHO) in Peru, conducted by the National Institute of Statistics and Informatics of Peru (INEI) between 2004 and 2014. Second, to use the proposed measure of access to financial services to analyze its principal determinants, such as where there is a positive relation between income, education, and age regarding the level of access to financial services (bankarization), and a negative relation when living in rural areas or being in poverty.

Suggested Citation

  • Augusta Alfageme & Nelson R. Ramírez Rondán, 2018. "Household Access to Financial Services in Peru," Investigación Conjunta-Joint Research, in: María José Roa García & Diana Mejía (ed.), Financial Decisions of Households and Financial Inclusion: Evidence for Latin America and the Caribbean, edition 1, volume 1, chapter 8, pages 245-277, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    • Handle: RePEc:cml:incocp:7en-08
    Note: Joint Research Program of the Central Bank Researchers Network
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    References listed on IDEAS

    as
    1. Allen, Franklin & Demirguc-Kunt, Asli & Klapper, Leora & Martinez Peria, Maria Soledad, 2016. "The foundations of financial inclusion: Understanding ownership and use of formal accounts," Journal of Financial Intermediation, Elsevier, vol. 27(C), pages 1-30.
    2. Andrés Murcia Pabón, 2007. "Determinantes Del Acceso Al Crédito De Los Hogares," Borradores de Economia 4017, Banco de la Republica.
    3. Georg R. G. Clarke & Lixin Colin Xu & Heng-fu Zou, 2006. "Finance and Income Inequality: What Do the Data Tell Us?," Southern Economic Journal, John Wiley & Sons, vol. 72(3), pages 578-596, January.
    4. A. Colin Cameron & Pravin K. Trivedi, 2010. "Microeconometrics Using Stata, Revised Edition," Stata Press books, StataCorp LP, number musr, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial inclusion; households; Peru.;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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