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| dc.title | Research Insights: What Are the Impacts of Bank Branch Closures on Local Firms? |
| dc.contributor.author | Vlaicu, Razvan |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.coverage | Latin America |
| dc.date.available | 2024-10-02T00:10:00 |
| dc.date.issue | 2024-10-02T00:10:00 |
| dc.description.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. |
| dc.format.extent | 4 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0013282 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Research-Insights-What-Are-the-Impacts-of-Bank-Branch-Closures-on-Local-Firms.pdf |
| dc.identifier.url | https://publications.iadb.org/publications/spanish/document/Perspectivas-de-investigacion-como-afecta-el-cierre-de-sucursales-bancarias-a-las-empresas-locales.pdf |
| dc.language.iso | en |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Mobile Banking |
| dc.subject | Municipal Government |
| dc.subject | Financial Service |
| dc.subject | Digital Technology |
| dc.subject | Small Business |
| dc.subject | Formal Labor |
| dc.subject | Labor |
| dc.subject | Digital Platform |
| dc.subject | Wage |
| dc.subject | Economy |
| dc.subject | Artificial Intelligence |
| dc.subject | Census |
| dc.subject | Labor Force |
| dc.subject.jelcode | G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages |
| dc.subject.jelcode | R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes |
| dc.subject.jelcode | J21 - Labor Force and Employment, Size, and Structure |
| dc.subject.keywords | Bank branch closures;Employment;Firm activity;Economic Impact;Financial Access |
| dc.type | Catalogs and Brochures |
| idb.identifier.pubnumber | IDB-CB-00956 |
| idb.operation | RG-K1415 |