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Remittances and Financial Inclusion: Evidence from El Salvador

Diego Anzoategui, Asli Demirguc-Kunt and Maria Martinez Peria

World Development, 2014, vol. 54, issue C, 338-349

Abstract: This paper investigates the impact of remittances on financial inclusion. Using household-level survey data for El Salvador, we examine whether remittances affect households’ use of savings and credit instruments from formal financial institutions. We 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.

Keywords: remittances; financial inclusion (search for similar items in EconPapers)
Date: 2014
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Working Paper: Remittances and financial inclusion: evidence from El Salvador (2011) Downloads
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