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What Determines Financial Exclusion? Evidence from Bolivian Household Data

Author

Listed:
  • Yener Altunbas

    (Bangor University)

  • John Thornton

    (Bangor University)

  • Alper Kara

    (University of Hull)

Abstract

We use a bivariate probit model with sample selection to investigate the factors affecting financial exclusion of Bolivian households. We find evidence that for heads of households, being female and indigenous is likely to result in exclusion from formal credit mechanisms, though being employed in the public sector and, for females, by having a university education, mitigates this.

Suggested Citation

  • Yener Altunbas & John Thornton & Alper Kara, 2010. "What Determines Financial Exclusion? Evidence from Bolivian Household Data," Working Papers 10018, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    • Handle: RePEc:bng:wpaper:10018
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    File URL: http://www.bangor.ac.uk/business/docs/BBSWP10018.pdf
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    References listed on IDEAS

    as
    1. Siwan Anderson & Jean-Marie Baland, 2002. "The Economics of Roscas and Intrahousehold Resource Allocation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(3), pages 963-995.
    2. James Devlin, 2005. "A Detailed Study of Financial Exclusion in the UK," Journal of Consumer Policy, Springer, vol. 28(1), pages 75-108, December.
    3. Stijn Claessens, 2006. "Access to Financial Services: A Review of the Issues and Public Policy Objectives," The World Bank Research Observer, World Bank, vol. 21(2), pages 207-240.
    4. Simpson, Wayne & Buckland, Jerry, 2009. "Examining evidence of financial and credit exclusion in Canada from 1999 to 2005," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(6), pages 966-976, December.
    5. Handa, Sudhanshu & Kirton, Claremont, 1999. "The economics of rotating savings and credit associations: evidence from the Jamaican 'Partner'," Journal of Development Economics, Elsevier, vol. 60(1), pages 173-194, October.
    6. Calomiris, Charles W. & Rajaraman, Indira, 1998. "The role of ROSCAs: lumpy durables or event insurance?," Journal of Development Economics, Elsevier, vol. 56(1), pages 207-216, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Daisy Johana Pacheco & Ana María Yaruro, 2018. "Factors Affecting Ownership of Financial Products in Colombia," 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 6, pages 157-192, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    2. Daisy Johana Pacheco & Ana María Yaruro, 2018. "Factores que afectan la tenencia de productos financieros en Colombia," Investigación Conjunta-Joint Research, in: María José Roa García & Diana Mejía (ed.), Decisiones financieras de los hogares e inclusión financiera: evidencia para América Latina y el Caribe, edition 1, volume 1, chapter 6, pages 167-202, Centro de Estudios Monetarios Latinoamericanos, CEMLA.

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    More about this item

    Keywords

    Credit Exclusion; Financial Exclusion; Informal Financial Institutions; Bolivia;
    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

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