Children and the Financial Regulatory Landscape in Latin America

Nohora Forero-Ramírez (), Floor E. W. Knoote () and Sofía Ortega-Tíneo ()
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Nohora Forero-Ramírez: Banco de la República de Colombia

Borradores de Economia from Banco de la Republica de Colombia

Abstract: In spite of the increasing evidence that has revealed that early access to financial services has long-term impacts, children and adolescents continue to face major obstacles to be financially included, particularly in the developing world. This document presents the main results of a survey conducted among 14 Latin American countries and reports the landscape of regulation and policies that may enhance child and youth financial inclusion in the region giving policy recommendations stemming from a cross-country analysis. The results of this mapping exercise suggest that a) there is a great diversity in approaches to financial service regulation for children and youth in the region, b) The policies or intentions from national authorities do not always resonate in either regulation or implementation and c) young people are not often seen as independent economic actors.

Keywords: children and youth; developing countries; financial capability; financial education; financial inclusion; regulatory framework. (search for similar items in EconPapers)
JEL-codes: D18 G28 O10 (search for similar items in EconPapers)
Pages: 33
Date: 2015-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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https://doi.org/10.32468/be.905 (application/pdf)

Related works:
Working Paper: Children and the Financial Regulatory Landscape in Latin America (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:905

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