Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/112823
Banking the unbanked: Evidence from the Spanish banking expansion plan
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What are the benefits of lifting structural impediments to banking the unbanked? We address this question by studying the Spanish Banking Expansion Plan 1964-1974, a program aimed at extending banking services into unbanked municipalities after decades of banking status quo. We exploit the quasi-experimental nature of the program to identify its effects. Selected municipalities experienced a 9% increase in the number of workers per inhabitant. This effect was driven by the lending channel, primarily through the provision of liquidity and working capital, though not through the savings channel.
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ARQUÉ CASTELLS, Pere and VILADECANS MARSAL, Elisabet. Banking the unbanked: Evidence from the Spanish banking expansion plan. IEB Working Paper 2016/24. [consulted: 8 of June of 2026]. Available at: https://hdl.handle.net/2445/112823