The impacts of receiving a digital cash transfer on financial deepening: Evidence from Daviplata
Códigos JEL.: I38, H53, O16, G21
- Autores:
-
Amado Morales, Laura Gabriela
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2024
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/75157
- Acceso en línea:
- https://hdl.handle.net/1992/75157
- Palabra clave:
- Financial Inclusion
Financial Deepening
Cash Transfers
Digital Financial Institutions
Savings Behavior
Economía
- Rights
- openAccess
- License
- https://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdf
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The impacts of receiving a digital cash transfer on financial deepening: Evidence from Daviplata |
| title |
The impacts of receiving a digital cash transfer on financial deepening: Evidence from Daviplata |
| spellingShingle |
The impacts of receiving a digital cash transfer on financial deepening: Evidence from Daviplata Financial Inclusion Financial Deepening Cash Transfers Digital Financial Institutions Savings Behavior Economía |
| title_short |
The impacts of receiving a digital cash transfer on financial deepening: Evidence from Daviplata |
| title_full |
The impacts of receiving a digital cash transfer on financial deepening: Evidence from Daviplata |
| title_fullStr |
The impacts of receiving a digital cash transfer on financial deepening: Evidence from Daviplata |
| title_full_unstemmed |
The impacts of receiving a digital cash transfer on financial deepening: Evidence from Daviplata |
| title_sort |
The impacts of receiving a digital cash transfer on financial deepening: Evidence from Daviplata |
| dc.creator.fl_str_mv |
Amado Morales, Laura Gabriela |
| dc.contributor.author.none.fl_str_mv |
Amado Morales, Laura Gabriela |
| dc.subject.keyword.none.fl_str_mv |
Financial Inclusion Financial Deepening Cash Transfers Digital Financial Institutions Savings Behavior |
| topic |
Financial Inclusion Financial Deepening Cash Transfers Digital Financial Institutions Savings Behavior Economía |
| dc.subject.themes.none.fl_str_mv |
Economía |
| description |
Códigos JEL.: I38, H53, O16, G21 |
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2024 |
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2024-09-20T20:28:10Z |
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2024-09-20T20:28:10Z |
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2024-09 |
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https://hdl.handle.net/1992/75157 |
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eng |
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eng |
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Documentos CEDE; 2024-38 |
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34 páginas |
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Universidad de los Andes |
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Facultad de Economía |
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Universidad de los Andes |
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Amado Morales, Laura Gabriela2024-09-20T20:28:10Z2024-09-20T20:28:10Z2024-091657-7191https://hdl.handle.net/1992/75157Códigos JEL.: I38, H53, O16, G21During the Covid-19 pandemic, the Colombian government established the use of Digital Cash Transfers as a way to mitigate the impact of the economic crisis on the most poor and vulnerable of the Colombian population. Using data from Daviplata, one of the channels the government used to deliver the Digital Cash Transfers, I examine the effect that receiving these transfers had on financial deepening. My findings suggest that receiving a cash transfer via Daviplata increased financial deepening, through an increase in savings and an increase in the average number of transactions made by the user. However, this financial deepening did not translate into the access to a broader portfolio of financial products and services. Following an Difference-in-Differences Event Studies approach, I find that receiving a Digital Cash Transfer (DCT) had an effect on increasing savings in $24,309, a quite large effect compared to average monthly savings for the targeted population. In terms of transactions, receiving a DCT via Daviplata had an effect of 0.1362, which represents an increase of about 20% compared to the number of average transactions made by the users.Durante la pandemia de Covid-19, el gobierno colombiano estableció el uso de transferencias de dinero digitales como una forma de mitigar el impacto de la crisis económica en los sectores más pobres y vulnerables de la población colombiana. Utilizando datos de Daviplata, uno de los canales que el gobierno utilizó para entregar las transferencias de dinero digitales, examino el efecto que recibir estas transferencias tuvo sobre la profundización financiera. Mis hallazgos sugieren que recibir una transferencia monetaria a través de Daviplata incrementó la profundización financiera, a través de un aumento en los ahorros y un incremento en el número promedio de transacciones realizadas por el usuario. Sin embargo, esta profundización financiera no se tradujo en el acceso a un portafolio más amplio de productos y servicios financieros. Siguiendo un enfoque de estudios de eventos de diferencias en diferencias, encuentro que recibir una transferencia de dinero digital (TMD) tuvo un efecto en el aumento de los ahorros en $24,309, un efecto bastante grande en comparación con los ahorros mensuales promedio de la población objetivo. En términos de transacciones, recibir una TMD a través de Daviplata tuvo un efecto de 0.1362, lo que representa un aumento de alrededor del 20% en comparación con el número promedio de transacciones realizadas por los usuarios.34 páginasapplication/pdfengUniversidad de los AndesFacultad de EconomíaDocumentos CEDE; 2024-38https://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdfinfo:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2The impacts of receiving a digital cash transfer on financial deepening: Evidence from DaviplataDocumento de trabajoinfo:eu-repo/semantics/workingPaperinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttp://purl.org/redcol/resource_type/WPFinancial InclusionFinancial DeepeningCash TransfersDigital Financial InstitutionsSavings BehaviorEconomíaPublicationORIGINALdcede2024-38.pdfdcede2024-38.pdfapplication/pdf9630293https://repositorio.uniandes.edu.co/bitstreams/84beb0fb-515a-42d8-a6b3-1e9fa728a44b/download302bb3ade273abb90ab4f357bf6bee54MD51LICENSElicense.txtlicense.txttext/plain; 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