The Determinants of financial inclusion and the impact of COVID-19 in the Latin America and Caribbean
DOI:
https://doi.org/10.59051/joaf.v15i3.697Keywords:
financial inclusion, Latin America and the Caribbean (LAC), individual characteristics, and COVID-19Abstract
Purpose: The study examines the determinants of financial inclusion and the impact of COVID-19 in the Latin America and the Caribbean during the pandemic.
Methodology: It uses the database from the World Bank’s Global Findex 2021 collected during the COVID-19 pandemic on eight Caribbean countries to run logit regression to investigate the determinants and how COVID-19 influenced financial inclusion.
Results: On the main determinants, the study found that female and lower income group individuals have low financial exclusion rate though financial inclusion increases with increase income.
Originality of the Paper: The study used data collected during COVID-19 era to investigate how the pandemic affected financial inclusion which is one fo the first of its kind.
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