Javier Pereira

Assistant Professor of Economics Javier Pereira presented a paper and chaired a panel at the annual international meeting of the Western Economic Association. The meeting took place Jan. 3 to 6 in Santiago, Chile.

As chair of a panel on bank behavior and financial inclusion, Pereira presented “Bank Concentration, Competition and Financial Inclusion.” The paper was co-authored with Ann Owen, the Henry Platt Bristol Professor of Economics. Their work explores the role of banking system structure as a determinant of the variability of access to finance by households across countries.

The results suggest that greater banking sector concentration is associated with greater financial inclusion as long as market power of banks remains limited. In addition, countries in which regulations allow banks to engage in a broader scope of activities are characterized by greater financial outreach.

The authors hope these findings will help develop better country level policies to foster financial development – a driver for economic development and reduction of income inequality.

Pereira was also a member of a panel on financial globalization and economic stability where he discussed a paper on financial contagion in Latin American stock markets during the subprime financial crisis.

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