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Remittances and financial inclusion : evidence from El Salvador

Author:	Anzoategui, Diego; Demirguc-Kunt, Asli; Peria, Maria Soledad Martinez;	Collection Title:	Policy Research working paper ; no. WPS 5839
Country:	El Salvador;	Date Stored:	2011/10/06
Document Date:	2011/10/01	Document Type:	Policy Research Working Paper
Language:	English	Major Sector:	Finance
Rel. Proj ID:	1W-The Crisis And Beyond: Fy11-Fy13 -- -- P122136;	Region:	Latin America & Caribbean
Report Number:	WPS5839	Sub Sectors:	General finance sector
SubTopics:	Access to Finance; Remittances; Economic Theory & Research; Debt Markets; Population Policies	Volume No:	1 of 1

Summary: This paper investigates the impact of remittances on financial inclusion. This is an important issue given recent studies showing that financial inclusion can have significant beneficial effects on households. Using household-level survey data for El Salvador, the authors examine the impact of remittances on households' use of savings and credit instruments from formal financial institutions. They find that although remittances have a positive impact on financial inclusion by promoting the use of deposit accounts, they do not have a significant and robust effect on the demand for and use of credit from formal institutions. If anything, by relaxing credit constraints, remittances might reduce the need for external financing from financial institutions, while at the same time increasing the demand for savings instruments.


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