EconPapers    
Economics at your fingertips  
 

Detection of Financial Inclusion Vulnerable Rural Areas through an Access to Cash Index: Solutions Based on the Pharmacy Network and a CBDC. Evidence Based on Ávila (Spain)

Sergio Luis Náñez Alonso (), Javier Jorge-Vazquez () and Ricardo Francisco Reier Forradellas ()
Additional contact information
Sergio Luis Náñez Alonso: Department of Economics-DEKIS Research Group, Catholic University of Ávila, Canteros St., 05005 Ávila, Spain
Javier Jorge-Vazquez: Department of Economics-DEKIS Research Group, Catholic University of Ávila, Canteros St., 05005 Ávila, Spain
Ricardo Francisco Reier Forradellas: Department of Economics-DEKIS Research Group, Catholic University of Ávila, Canteros St., 05005 Ávila, Spain

Sustainability, 2020, vol. 12, issue 18, 1-33

Abstract: The ability to access quality financial services and cash has been indicated by various organizations, such as the World Bank or UN, as a fundamental aspect to guarantee regional sustainable development. However, access to cash is not always guaranteed, especially in rural regions. The present study is based in the Ávila region of Spain. A parameter called the “ access to cash index ” is constructed here. It is used to detect rural areas where the ability to access cash and banking services is more difficult. Based on the “ access to cash index ”, two sustainable solutions are proposed: The first (in the short term), based on extending access to cash, takes advantage of the existing pharmacy network. With this measure, a notable reduction of more than 55% of the average distance required to access this service is verified here. The second is based on the implementation of a central bank digital currency. Here, the results show an acceptance of 75%. However, it is known that elderly people and those without relevant education and/or low incomes would reject its widespread use. Such a circumstance would require the development of training and information policies on the safety and effectiveness of this type of currency.

Keywords: financial inclusion; vulnerable rural areas; sustainable solutions; central bank digital currency; social sustainability; pharmacy network; sustainable development; sustainable access to cash (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://www.mdpi.com/2071-1050/12/18/7480/pdf (application/pdf)
https://www.mdpi.com/2071-1050/12/18/7480/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:18:p:7480-:d:412121

Access Statistics for this article

Sustainability is currently edited by Prof. Dr. Marc A. Rosen

More articles in Sustainability from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().

 
Page updated 2021-03-27
Handle: RePEc:gam:jsusta:v:12:y:2020:i:18:p:7480-:d:412121