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Financial Decisions of Households and Financial Inclusion: Evidence for Latin America and the Caribbean

Editor

Listed:
  • María José Roa García
    (Center for Latin American Monetary Studies)

  • Diana Mejía
    (CAF -Development Bank of Latin America-)

Abstract

In 2015 CEMLA and CAF invited central bank researchers to take part in joint research that would be based on data from the financial capabilities surveys of caf and other national financial education and inclusion surveys. The proposal was presented at the 2015 Meeting of the Central Bank Researchers Network in the Dominican Republic. At the end of December 2015, the central banks of Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, Mexico, Peru, and Uruguay, along with CEMLA, confirmed their participation in said research, resulting in the 13 research papers contained in this book. The papers included here take different approaches to analyze household financial decision making, participation in the formal and informal sector, and the role of education in financial decisions. We hope this body of work enriches discussion and leads to a better understanding of these topics, which are key to promoting sustainable development in Latin America and the Caribbean.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • María José Roa García & Diana Mejía (ed.), 2018. "Financial Decisions of Households and Financial Inclusion: Evidence for Latin America and the Caribbean," Investigación Conjunta-Joint Research, Centro de Estudios Monetarios Latinoamericanos, CEMLA, edition 1, volume 1, number 7en, Enero-mar.
  • Handle: RePEc:cml:incoes:7en
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    File URL: http://cemla.org/PDF/ic/2016-jrp/2016-jrp.pdf
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    References listed on IDEAS

    as
    1. Christopher F Baum, 2006. "An Introduction to Modern Econometrics using Stata," Stata Press books, StataCorp LP, number imeus, December.
    2. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo & Ana María Tribín-Uribe, 2016. "Determinantes del acceso al crédito formal e informal: Evidencia de los hogares de ingresos medios y bajos en Colombia," Borradores de Economia 956, Banco de la Republica de Colombia.
    3. Rodrigo Alfaro & Natalia Gallardo, 2012. "The Determinants of Household Debt Default," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 27(1), pages 55-70, April.
    4. Sónia Costa, 2012. "Households’ Default Probability: An Analysis Based on the Results of the HFCS," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    5. Helena Marrez & Mathias Schmit, 2009. "Credit risk analysis in microcredit: How does gender matter?," Working Papers CEB 09-053.RS, ULB -- Universite Libre de Bruxelles.
    6. Miguel Mello & Jorge Ponce, 2014. "The determinants Uruguayan households' indebtedness," Documentos de trabajo 2014010, Banco Central del Uruguay.
    7. Özlem Özdemir & Levent Boran, 2004. "An Empirical Investigation on Consumer Credit Default Risk," Working Papers 2004/20, Turkish Economic Association.
    Full references (including those not matched with items on IDEAS)

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    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    bankarization; cognitive characteristics; credit; cultural dollarization; financial dollarization; financial education; financial inclusion; financial knowledge; financial literacy; financial stability; formal economy; informal economy; microentrepreneurs; personal finance; personality traits; saving; Bolivia; Brazil; Colombia; Dominican Republic; Ecuador; Mexico; Peru; Uruguay; Latin America.;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • D1 - Microeconomics - - Household Behavior
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D10 - Microeconomics - - Household Behavior - - - General
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • G1 - Financial Economics - - General Financial Markets
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • I20 - Health, Education, and Welfare - - Education - - - General
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
    • R22 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other Demand

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