Assessing Financial Access in Brazil
World Bank, Jan 1, 2005 - Business & Economics - 80 pages
Access to financial services in Brazil has been relatively stable over the past ten years, despite the banking sector contraction of the late 1990s. Wide geographic variations in the supply of banking services by region and municipality are partly explained by differentials in income and population density. On a cross-country basis, Brazil does not appear to be underbanked. Looking at the use of financial services by different groups of consumers in Brazil, differences in financial access across regions is confirmed, but differences among richer and poorer neighborhoods can be as important. Public financial institutions in Brazil, deemed to be socially responsible, appear to have served disadvantaged groups more than private banks on some measures and for some services. However, their role varies by type of service, and in the case of some services, public banks in fact may have better served the better-off groups. At the level of individuals, the most important determinants of access to financial services are socio-economic characteristics such a income, wealth, and education. This may signify that in the presence of asymmetric information, access to such services depends critically on client information, and such characteristics provide a proxy for creditworthiness.
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List of Figures
List of Tables
Users of Financial ServicesA Survey of Urban Individuals
9 other sections not shown
15 percent 40 percent Access to Financial analysis Appendix Table apply for loans Areas of Brazil bank account Bank of Brazil bank services banks/GDP branch density branch intensity capita cash chi-squared tests contrast correspondent credit card credit from public debit card Dependent variable deposit services didn8t Econometric model financial access financial services Frequency household IBGE illegal areas important less than 0.5 lived in houses lottery shops measures of access micro microcredit microfinance Multinomial logit Northeast number of branches P-values payment services percent of individuals percent of persons percent of respondents percent used credit population density primary financial institution private banks Probit Provision of Bank public and private ro ro rooms per person sector Services in Urban significant Source Southeast special savings account Survey of Access term deposit account top quintile Unibanco Urban Areas variables World Bank z-test