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Bankarization and Determinants of Availability of Banking Services in Argentina


  • Alejandra Anastasi

    () (Central Bank of Argentina)

  • Emilio Blanco

    (Central Bank of Argentina)

  • Pedro Elosegui

    (Central Bank of Argentina)

  • Máximo Sangiácomo

    (Central Bank of Argentina)


The use of banking services in Argentina is relatively low, both in terms of historical standards and in comparison with similarly developed countries. This low bankarization level involves not only use but also availability of banking infrastructure and access to that services. However during the last decade, there has been an increase in the availability of infrastructure, especially through ATMs, concentrated in already financially developed places. The present paper analyzes a unique database with information on use and availability of regulated banking services at a local level for the 1998-2009 period. The analysis of economic determinants of use and availability of banking services indicate a significant positive correlation with population and socioeconomic indicators of the locality, department spatial extension, provincial economic activity level and business environment. These determinants depend on the ownership structure of banks (private, foreign and/or public), reflecting their different business strategies. In fact, only public banks operate in places with relatively small population and low competition. Foreign banks operate mainly in large urban centers, whereas private bank services availability heavily depends on the provincial business environment. Finally, a bayesian econometric approach indicates the presence of spatial dependence in the use level of financial services. Results suggest the importance of extending the availability of banking financial services in order to increase banking and financial deepness.

Suggested Citation

  • Alejandra Anastasi & Emilio Blanco & Pedro Elosegui & Máximo Sangiácomo, 2010. "Bankarization and Determinants of Availability of Banking Services in Argentina," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(60), pages 137-209, October -.
  • Handle: RePEc:bcr:ensayo:v:1:y:2010:i:60:p:137-209

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    Cited by:

    1. Hallerberg, Mark & Scartascini, Carlos, 2017. "Explaining changes in tax burdens in Latin America: Do politics trump economics?," European Journal of Political Economy, Elsevier, vol. 48(C), pages 162-179.
    2. Lebdaoui Hind & Wild Joerg, 2016. "Islamic Banking and Financial Development," Review of Middle East Economics and Finance, De Gruyter, vol. 12(2), pages 201-224, August.
    3. Angela González Arbeláez & Laura Capera, "undated". "Un índice de bancarización para Colombia," Temas de Estabilidad Financiera 064, Banco de la Republica de Colombia.
    4. Marcela Cristini & Ramiro Moya & Guillermo Bermudez, 2011. "Argentina`s Housing Market in the 2000s," Research Department Publications 4733, Inter-American Development Bank, Research Department.
    5. Marcela Cristini & Ramiro Moya & Guillermo Bermúdez, 2011. "Argentina's Housing Market in the 2000s," IDB Publications (Working Papers) 3421, Inter-American Development Bank.

    More about this item


    access to banking services; Argentina; bankarization; banking regulation; locality; use of banking services;

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation


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