How Do Transaction Costs Influence Remittances
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How Do Transaction Costs Influence Remittances
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Author : Kangni Kpodar
language : en
Publisher: International Monetary Fund
Release Date : 2022-11-04
How Do Transaction Costs Influence Remittances written by Kangni Kpodar and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-11-04 with Business & Economics categories.
Using a new quarterly panel database on remittances (71 countries over the period 2011Q1- 2020Q4), this paper investigates the elasticity of remittances to transaction costs in a high frequency and dynamic setting. It adds to the literature by systematically exploring the heterogeneity in the cost-elasticity of remittances along several country characteristics. The findings suggest that cost reductions have a short-term positive impact on remittances, that dissipates beyond one quarter. According to our estimates, reducing transaction costs to the Sustainable Development Goal target of 3 percent could generate an additional US$32bn in remittances, higher that the direct cost savings from lower transaction costs, thus suggesting an absolute elasticity greater than one. Among remittance cost-mitigation factors, higher competition in the remittance market, a deeper financial sector, and adequate correspondent banking relationships are associated with a lower elasticity of remittance to transaction costs. Similarly, remittance cost-adaptation factors such as enhanced transparency in remittance costs, improved financial literary and higher ICT development coincide with remittances being less sensitive to transaction costs. Supplementing the panel analysis, the use of micro data from the USA-Mexico corridor confirm that migrants facing higher transaction costs tend to remit less, and that this effect is less pronounced for skilled migrants and those that have access to a bank account.
A Study On Socio Economic Impact Of Remittances On Forward Migrants Households Of Tibetan Refugees In India
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Author : Tenzin Namgha
language : en
Publisher: GRIN Verlag
Release Date : 2017-06-19
A Study On Socio Economic Impact Of Remittances On Forward Migrants Households Of Tibetan Refugees In India written by Tenzin Namgha and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-19 with Social Science categories.
Examination Thesis from the year 2016 in the subject Sociology - Politics, Majorities, Minorities, , course: Develiopment Economics, language: English, abstract: Due to the invasion and occupation of Tibet by China, the first wave of Tibetan refugees seeking asylum came to India and neighbouring countries like Bhutan and Nepal in 1959. At the time, India, Nepal and Bhutan were economically and socially backward countries. India opened up its economy in the 1990’s and it paved the way for socio-economic development of the country. Tibetan migrants were also able to use this opportunity for their own growth and economic development. The rise in awareness levels helped Tibetan migrants realize that they could further advance their individual and community growth by seeking job opportunities abroad. Thus, the first wave of migrants left for North America, Canada and European countries in early 1990’s and they were able to send home remittances in dollars and pounds which fetched good exchange rate in India against the rupees. The flow of remittances from abroad enhanced the livelihood of Tibetan refugees in India and triggered a chain migration to the west. In this study, it focuses on the aspect of remittance and development on Tibetan refugee who has been settled in India for more than 5 decades and relies on remittances. The details of the profile of Tibetan diaspora will be discussed in chapter 4.
Impact Of Remittances On Poverty And Financial Development In Sub Saharan Africa
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Author : Sanjeev Gupta
language : en
Publisher: International Monetary Fund
Release Date : 2007-02
Impact Of Remittances On Poverty And Financial Development In Sub Saharan Africa written by Sanjeev Gupta and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-02 with Business & Economics categories.
This paper assesses the impact of the steadily growing remittance flows to sub-Saharan Africa (SSA). Though the region receives only a small portion of the total recorded remittances to developing countries, and the volume of aid flows to SSA swamps remittances, this paper finds that remittances, which are a stable, private transfer, have a direct poverty mitigating effect, and promote financial development. These findings hold even after factoring in the reverse causality between remittances, poverty and financial development. The paper posits that formalizing such flows can serve as an effective access point for "unbanked" individuals and households, and that the effective use of such flows can mitigate the costs of skilled out-migration in SSA.
Remittances And Poverty Linkages In Pakistan
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Author : Mohammad Irfan
language : en
Publisher:
Release Date : 2011
Remittances And Poverty Linkages In Pakistan written by Mohammad Irfan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Economic development categories.
The Macroeconomic Impact Of Remittances On The Sending Country
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Author : Germán Alberto Zaráte
language : en
Publisher:
Release Date : 2000
The Macroeconomic Impact Of Remittances On The Sending Country written by Germán Alberto Zaráte and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Emigrant remittances categories.
Migrant Labor Remittances In South Asia
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Author : Samuel Munzele Maimbo
language : en
Publisher: World Bank Publications
Release Date : 2005
Migrant Labor Remittances In South Asia written by Samuel Munzele Maimbo and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Remittances from migrant workers are an increasingly important and stable source of external finance for countries in the South Asia region. This publication examines key issues relating to the remittance industry in Bangladesh, India, Pakistan and Sri Lanka, including the impact of remittances on poverty and economic development, the public infrastructure for remittances, official and unofficial financial institutions.
Do Remittances To Latin America Depend On The U S Business Cycle
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Author : Shaun K. Roache
language : en
Publisher: International Monetary Fund
Release Date : 2007-12
Do Remittances To Latin America Depend On The U S Business Cycle written by Shaun K. Roache and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12 with Business & Economics categories.
We use a range of methods and remittance data from 1990 to 2007 to assess the strength and significance of linkages between remittance flows to Latin America and the U.S. business cycle. All of the evidence suggests that remittance flows are relatively insensitive to fluctuations in the U.S. cycle, underlining their role as a stable source of external financing, in good times and bad. A number of factors, notwithstanding uncertainties related to official remittance data reliability, might explain this result, including remittance smoothing and flexible immigrant labor markets.
Migrants Remittances And Development
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Author : Bimal Ghosh
language : en
Publisher: International Organization for Migration (IOM)
Release Date : 2006
Migrants Remittances And Development written by Bimal Ghosh and has been published by International Organization for Migration (IOM) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
Highlights the ways in which the development potential of remittances could be most effiectively used, while avoiding the possible risks. In doing so, it seeks to help promote a more balanced approach to the issue of remittances and development, which, as indicated above, is now high on the global economic agenda.
Diasporas And Development
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Author : Jennifer M. Brinkerhoff
language : en
Publisher:
Release Date : 2008
Diasporas And Development written by Jennifer M. Brinkerhoff and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
The authors of this book focus on three core issues - the responses of diasporas to homeland conflicts, strategies for mobilizing effective homeland investment and the positive role of direct diaspora participation in development efforts.
Migration Remittances And Development
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Author : Organisation for Economic Co-operation and Development
language : en
Publisher:
Release Date : 2005
Migration Remittances And Development written by Organisation for Economic Co-operation and Development and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
This publication presents the current situation with regard to the magnitude of migrants? remittances to their countries of origin. In 2004, remittances exceeded official development aid in several emigration countries: they totalled USD 126 billion according to IMF estimates. Can remittances stimulate productive investments in the countries of origin? Can they spur economic and social development?The impact of remittances on the economic development of sending countries is examined. The book surveys the channels used to collect these funds, the role of banking systems and other financial institutions, and the introduction of new technologies and their impact on fund collection, how the funds are transferred; and how to reduce the costs. Focus is also placed on the different ways in which migrants themselves participate, together with non-governmental organisations, host countries and sending countries, to open up new avenues for policies on development aid and co-development. The direct role that migrants can play at the local level is highlighted.Several countries and regions are illustrated: Southern European countries, Mexico, Turkey, North African and sub-Saharan African countries, the Philippines and some Latin American countries.