The Real Impact of Improved Access to Finance: Evidence from Mexico

• 成果类型: Article
• 署名作者: Bruhn, Miriam; Love, Inessa
• 署名单位: The World Bank; University of Hawaii System; University of Hawaii Manoa; The World Bank
• 刊物名称: JOURNAL OF FINANCE
• ISSN/ISSBN: 0022-1082
• DOI: 10.1111/jofi.12091
• 发表日期: 2014
• 页码: 1347-1376
• 关键词: CREDIT PROGRAMS; microfinance; Microcredit; returns; banks; POOR

摘要

This paper provides new evidence on the impact of access to finance on poverty. It highlights an important channel through which access affects povertythe labor market. The paper exploits the opening of Banco Azteca in Mexico, a unique natural experiment in which over 800 bank branches opened almost simultaneously in preexisting Elektra stores. Importantly, the bank has focused on previously underserved low-income clients. Our key finding is a sizeable effect of access to finance on labor market activity and income levels, especially among low-income individuals and those located in areas with lower preexisting bank penetration.