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The Effects of Formal Financial Inclusion on Informal Credit Use: Evidence from Colombia

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dc.creatorPosada, Héctor Mspa
dc.creatorGaviria, Carlos Felipespa
dc.creatorLondoño Arenas, Davidspa
dc.date.accessioned2025-06-05T20:21:14Z
dc.date.available2025-06-05T20:21:14Z
dc.date.created2023-01-01spa
dc.date.issued2023-01-01spa
dc.descriptionIt is well known that formal credit can improve household’s wellbeing in developing countries, however, its relationship to informal credit as a substitute or complement is uncertain. This study aims to estimate the causal effect of formal credit on the use of informal credit sources using a Regression Discontinuity Designs which exploits credit allocation rules of formal institutions. We use financial and socioeconomic information directly provided by households trough the Encuesta Longitudinal de Hogares Colombianos (ELCA) survey. With this information we obtain a credit score and estimate a decision threshold, which together replicates the credit allocation rules of formal institutions. Our results show that formal credit reduces informal credit use. Our results also show that formal credit increases the probability of living in a formal housing and owing a motorcycle.spa
dc.format.extent38 ppspa
dc.format.mimetypeapplication/pdfspa
dc.identifier.doihttps://doi.org/10.48713/10336_45575
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/45575
dc.language.isoengspa
dc.publisherUniversidad del Rosariospa
dc.publisherAlianza EFIspa
dc.publisher.departmentFacultad de Economíaspa
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internationalspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccessspa
dc.rights.accesoAbierto (Texto Completo)spa
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordFinancial inclusioneng
dc.subject.keywordCredit accesseng
dc.subject.keywordInformal crediteng
dc.subject.keywordRDDeng
dc.titleThe Effects of Formal Financial Inclusion on Informal Credit Use: Evidence from Colombiaspa
dc.typeworkingPaperspa
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersionspa
dc.type.spaDocumento de trabajospa
local.department.reportFacultad de Economía
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