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Financial Inclusion in Latin America and the Caribbean: Access, Usage and Quality

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  • Maria José Roa

    (CEMLA)

Abstract

This study presents a general overview of financial inclusion in Latin America and the Caribbean. We employ data for the three dimensions: access, use and quality, which outline a complete picture of the nature and characteristics of financial inclusion in the region. This information is essential for identifying weaknesses in financial market development and serves as a basis for elaborating effective inclusion strategies. As will be seen, despite the steps taken in the region to achieve greater participation of the population in the formal financial sector, levels of inclusion in all its dimensions continue to be low, although with substantial differences among the economies. A considerable amount of the population continues to use the informal financial sector for making their transactions, particularly loans.

Suggested Citation

  • Maria José Roa, 2015. "Financial Inclusion in Latin America and the Caribbean: Access, Usage and Quality," Documentos de Investigación - Research Papers 19, CEMLA.
    • Handle: RePEc:cml:docinv:19
    as

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    References listed on IDEAS

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    1. Thorsten Beck & Asli Demirgüç-Kunt & Maria Soledad Martinez Peria, 2008. "Banking Services for Everyone? Barriers to Bank Access and Use around the World," The World Bank Economic Review, World Bank, vol. 22(3), pages 397-430, November.
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    6. Rajdeep Sengupta & Craig P. Aubuchon, 2008. "La revolución de las microfinanzas: una visión general," Boletín, CEMLA, vol. 0(2), pages 64-83, Abril-jun.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial inclusion; access; use; Latin America; Caribbean;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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