@misc{35794,
title = {Research Insights: What Are the Impacts of Bank Branch Closures on Local Firms?},
author = {Vlaicu, Razvan},
year = {2024},
doi = {10.18235/0013282},
abstract = {As several major banks in Latin America have reduced their branch networks in recent years, many firms have lost access to their local bank. Bank branch closures result in a reduction in firm establishments with active operations from 1.2% initially to 8.1% within 4-7 years, a 0.5 decline in weekly hours of formal employment, and a compression of the real wage distribution. Micro firms, trade and service firms, and agricultural firms are found to be the most vulnerable.},
url = {https://doi.org/10.18235/0013282}
}