Bank Representation in Low-Income and Minority Urban Communities

Caskey, John P.

doi:10.1177/004208169402900406

Cited by 35 publications

(13 citation statements)

References 2 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Banks began 40. Caskey, John (1992) to offer these accounts partly in response to pressure from unions, which demanded the cards as a way of reducing insecurity in payments. Reportedly, payroll debit cards have been quite successful among both white-and blue-collar workers.…”

Section: B Different Approaches To Broadening Access To Fi Nancial Smentioning

confidence: 99%

Financial exclusion in Latin America — or the social costs of not banking the urban poor

Solo¹

2008

Environment and Urbanization

View full text Add to dashboard Cite

This paper summarizes the fi ndings of research in Bogotá, Colombia and Mexico City on the use of fi nancial services by the urban population. The focus is on the majority of persons who have no relation whatever with a formal bank, cooperative or credit union. The paper identifi es the characteristics of those who are "unbanked" and the range of reasons for their exclusion. It also discusses the multiple and considerable costs that this exclusion imposes on the unbanked population, as well as the loss in income that results for formal sector fi nancial institutions. The paper concludes by describing some measures taken to extend fi nancial services to the low-income population, and proposes the importance of linking "fi nancial inclusion" to programmes of urban development and upgrading focused on the poor in developing countries.KEYWORDS Brazil / Colombia / deposits / electronic transactions / fi nancial institutions / informality / loans / Mexico / micro credits / micro savings / unbanked I. INTRODUCTIONEconomic literature has long stressed the role of fi nancial services in economic development, and the consequent importance of an effective banking industry. But while most experts on fi nance and development focus on the stability and effi ciency of the banking sector, few have looked at the question of access to fi nancial services, or at the microeconomic or household effects of the sector as an issue for developing countries. Although the growth of microcredit programmes has been celebrated, they continue to operate on a miniscule scale. Furthermore, lending to the poor represents only one aspect of fi nancial services, and one that, in the fi nal analysis, leaves the poor in debt. Financial exclusion refers to the limited access low-income groups have to the full range of fi nancial services: to deposit and savings accounts, and to payment systems as well as to credit. Few have looked at the question of how fi nancial exclusion affects economic development, and in particular the development of the urban communities where it is felt. This article summarizes the fi ndings of research in Bogotá, Colombia and in Mexico City that identifi es the extent of fi nancial exclusion and the cost it imposes on the "unbanked" (1) population groups, as well as on the formal sector fi nancial institutions. It concludes by describing some measures taken to overcome fi nancial exclusion, and proposes the importance of linking "fi nancial inclusion" to programmes of urban development and upgrading focused on the poor in developing countries.

show abstract

Section: B Different Approaches To Broadening Access To Fi Nancial Smentioning

confidence: 99%

Financial exclusion in Latin America — or the social costs of not banking the urban poor

Solo¹

2008

Environment and Urbanization

View full text Add to dashboard Cite

show abstract

“…A menudo se cita el famoso artículo de Avery (1991) que analiza la provisión de sucursales bancarias en ciudades, pero las trata como unidades agregadas, es decir, entendiendo las ciudades como puntos (adimensionales), no como áreas. Quizá ejemplos más pertinentes sean: Lord y Wright (1981) para Charlotte, Carolina del Norte; Chang et al (1997) para Nueva York; Topçu (2001) para Estambul; Graves (2003) (para ciudades de Louisiana e Illinois); Caskey (1992) para Atlanta, Denver, San José, Nueva York y Washington); Medina y Núñez (2006), que realizan un estudio similar al de Caskey pero para Bogotá. Para México no se encontraron análisis de este tipo.…”

Section: Firmas Que Se Concentran En El Espacio: Fuerzas De Aglomeraciónunclassified

Organización espacial del sistema bancario dentro de la ciudad: estrategia territorial, accesibilidad y factores de localización

Garrocho-Rangel

Alanís

2010

EST

View full text Add to dashboard Cite

En análisis previos realizados en nuestro país sobre quiénes están excluidos de los sistemas bancario y financiero, se han dejado de lado varios aspectos clave relacionados con la organización espacial de la banca. Destacan tres temas: 1) la estrategia de ubicación de las sucursales; 2) las desigualdades de acceso que genera; y 3) los factores de localización que la determinan. Explorar, estos tres temas en una ciudad concreta permitiría entender mejor la lógica del comportamiento espacial del sistema bancario, derivar lecciones e identificar oportunidades para diseñar políticas públicas que abran más oportunidades de acceso a servicios financieros a la población y a los negocios mexicanos. Esto es precisamente lo que se intenta en este trabajo, tomando como zona de estudio el Área Metropolitana de Toluca (amt).

show abstract

“…In a study of five cities, Caskey (1992) found that communities with a majority of black and/or Hispanic residents are substantially less likely to have a local bank: indeed, the mean number of banks (including branches) per census tract with a majority of blacks and/or Hispanics is less than half that of "nonminority" tracts. Furthermore, Caskey found some evidence that recent bank closures have disproportionately affected low income and minority communities, and similar results for other cities were found by Leichter (1989).…”

Section: Thatmentioning

confidence: 99%

The Community Reinvestment Act, Lending Discrimination, and the Role of Community Development Banks

1999

View full text Add to dashboard Cite

Bank Representation in Low-Income and Minority Urban Communities

Cited by 35 publications

References 2 publications

Financial exclusion in Latin America — or the social costs of not banking the urban poor

Financial exclusion in Latin America — or the social costs of not banking the urban poor

Organización espacial del sistema bancario dentro de la ciudad: estrategia territorial, accesibilidad y factores de localización

The Community Reinvestment Act, Lending Discrimination, and the Role of Community Development Banks

Contact Info

Product

Resources

About