<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2248-6046</journal-id>
<journal-title><![CDATA[Revista Finanzas y Política Económica]]></journal-title>
<abbrev-journal-title><![CDATA[Finanz. polit. econ.]]></abbrev-journal-title>
<issn>2248-6046</issn>
<publisher>
<publisher-name><![CDATA[Universidad Católica de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2248-60462020000100089</article-id>
<article-id pub-id-type="doi">10.14718/revfinanzpolitecon.v12.n1.2020.3177</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Challenges of financial inclusion policies in Peru]]></article-title>
<article-title xml:lang="es"><![CDATA[Desafíos de las políticas de inclusión financiera en el Perú]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Boitano]]></surname>
<given-names><![CDATA[Guillermo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Abanto]]></surname>
<given-names><![CDATA[Deyvi Franco]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Lima  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Peru</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad de Lima  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Peru</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<volume>12</volume>
<numero>1</numero>
<fpage>89</fpage>
<lpage>117</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S2248-60462020000100089&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S2248-60462020000100089&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S2248-60462020000100089&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The purpose of the research is to identify the main determinants of financial inclusion in Peru at the department level (without Lima) from 2010 to 2017, aiming to analyze the challenges faced by financial inclusion policies. A two-stage GMM method was used to estimate a panel data model where the endogenous variable is Sarma's financial inclusion index (2008). The results indicate that bank concentration is the main variable affecting financial inclusion. At the same time, although the effect of technology is positive, it is diminishing over time due to the inefficient deployment of such technology and, in many cases, a lack of knowledge on how to use it, especially in the remote areas of Peru. JEL Classification: G21, G53, P36]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo de la investigación es identificar los principales determinantes de la inclusión financiera en el Perú a nivel departamental (sin Lima) de 2010 a 2017, con el fin de analizar los desafíos que enfrentan las políticas de inclusión financiera. Se usó un método GMM de dos etapas para estimar un modelo de datos de panel, donde la variable endógena es el índice de inclusión financiera de Sarma (2008). Los resultados indican que la concentración bancaria es la principal variable que afecta la inclusión financiera. Al mismo tiempo, aunque el efecto de la tecnología es positivo, está disminuyendo con el tiempo debido al despliegue ineficiente de dicha tecnología y, en muchos casos, a una falta de conocimiento de cómo usarla, especialmente en las zonas remotas del Perú.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Financial inclusion]]></kwd>
<kwd lng="en"><![CDATA[poverty]]></kwd>
<kwd lng="en"><![CDATA[financial education]]></kwd>
<kwd lng="en"><![CDATA[financial exclusion]]></kwd>
<kwd lng="en"><![CDATA[bank concentration]]></kwd>
<kwd lng="es"><![CDATA[Inclusión financiera]]></kwd>
<kwd lng="es"><![CDATA[pobreza]]></kwd>
<kwd lng="es"><![CDATA[educación financiera]]></kwd>
<kwd lng="es"><![CDATA[exclusión financiera]]></kwd>
<kwd lng="es"><![CDATA[concentración bancaria]]></kwd>
</kwd-group>
</article-meta>
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