What Explains Remittance Fees Panel Evidence

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What Explains Remittance Fees Panel Evidence

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Author : Thorsten Beck
language : en
Publisher: International Monetary Fund
Release Date : 2022-04

What Explains Remittance Fees Panel Evidence written by Thorsten Beck 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 2022-04 with Business & Economics categories.

This paper uses data across 365 corridors to document time and country variation in remittance fees and explore factors predicting variation in remittance fees. We document a general reduction in such fees over the past decade although the goal of fees below 3 percent has not been met yet in many corridors. We identify both cost- and risk-based constraints and market structure as barriers to lower remittance fees. Higher transaction costs as result of a more rural population in the sending country and lower scale are associated with higher remittance fees. However, lower risks due to the stability of fixed exchange rates and Internet rather than cash payment are associated with lower remittance fees. Finally, remittance corridors dominated by banks and few players are characterized by higher fees.

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.

Digital Money And Remittances Costs In Central America Panama And The Dominican Republic

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Author : Ms. Alina Carare
language : en
Publisher: International Monetary Fund
Release Date : 2022-12-02

Digital Money And Remittances Costs In Central America Panama And The Dominican Republic written by Ms. Alina Carare 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 2022-12-02 with Business & Economics categories.

This paper investigates factors that predict variation in digital and non-digital remittance fees over time and across countries, exploring differences between CAPDR and other regions. The paper fills a void in the literature on how country- and corridor-specific factors relate to remittance fees at different levels of digitalization of the transaction mode. It also complements stylized facts and regression analysis with a survey analysis of the CAPDR authorities’ views on the latest developments, possibilities, and risks related to digital remittances with a view to gauging the authorities’ potential role in further reducing the cost of cross-border payments more generally and remittances fees in particular. The paper finds a clear trend of declining remittance fees across countries and at any level of digitalization, albeit they remain higher for CAPDR countries relative to non-CAPDR countries. More competition, financial and digital development in receiving countries—such as debit/credit card ownership or bank branch penetration—are associated with lower remittance fees, especially in CAPDR. The surveyed authorities actively explore the use of digital money to advance domestic payment systems, expedite financial inclusion, and lower remittances fees, yet see considerable risks, especially for preserving monetary sovereignty in CAPDR.

Sustainable Development Law

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Author : Marie-Claire Cordonier Segger
language : en
Publisher: Oxford University Press
Release Date : 2025-05-18

Sustainable Development Law written by Marie-Claire Cordonier Segger and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-18 with Law categories.

Hundreds of new bilateral, regional, and global treaties have been negotiated in relation to the world's most pressing sustainability, development, and justice challenges over the past two decades. The majority of these face significant implementation challenges. At the same time, disputes over human rights, environmental protection, and economic development are increasingly common. Sustainable Development Law analyses these advances and challenges in the international law on sustainable development at the intersection between international social, environmental, and economic law. It opens by examining the origins of the concept of sustainable development, identifying and discussing the foundations of its legal aspects. The principles of international law related to sustainable development are considered, based on international instruments and disputes across international courts and tribunals. Later chapters provide illustrative examples of legal instruments and regimes that address the 169 targets in relation to the 17 Global Sustainable Development Goals. Finally, the authors propose cutting-edge research agendas and conclude by exploring the limits of sustainable development. Sustainable Development Law is designed as a high-level textbook, examining the nature of law of sustainable development. Chapters offer key takeaways and questions to consider for those studying the subject. It also would be suitable for practising lawyers and policy makers who want to develop their understanding of the subject area.

Elgar Concise Encyclopedia Of Migration And Asylum Law

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Author : Vincent Chetail
language : en
Publisher: Edward Elgar Publishing
Release Date : 2025-07-15

Elgar Concise Encyclopedia Of Migration And Asylum Law written by Vincent Chetail and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-07-15 with Law categories.

This Concise Encyclopedia provides a comprehensive overview of the rapidly developing field of migration and asylum law. It brings clarity on key terms and critical notions, while challenging misconceptions in this highly politicized sphere.

Curb Your Enthusiasm The Fintech Hype Meets Reality In The Remittances Market

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Author : Tito Nícias Teixeira da Silva Filho
language : en
Publisher: International Monetary Fund
Release Date : 2022-12-02

Curb Your Enthusiasm The Fintech Hype Meets Reality In The Remittances Market written by Tito Nícias Teixeira da Silva Filho 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 2022-12-02 with Business & Economics categories.

Fintech has become one of the most popular topics among policymakers and experts. It usually comes with the qualifier “disruptive”. Thus, the hype is easy to understand: fintech would upend the financial system due to its disruptive nature, as it would allow financial services to be completed faster, cheaper, and more efficiently. Indeed, many have predicted that the remittances market was on the verge of being disrupted as remittances are considered too costly while remittance service providers inefficient, opaque, and outdated. Therefore, there seems to be no better setting for assessing the allegedly disruptive effects of fintech. Against that background, this paper investigates how those predictions have fared so far. Contrary to expectations, it found that instead of disrupting incumbents fintechs have increasingly been entangled with them. Therefore, not only there is no evidence of disruption, but it is unlikely to occur in the foreseeable future. Even so, the paper argues that fintechs play an important role in the remittances market.

Pathways And Barriers To Achieving The Un Sustainable Development Goals

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Author : Cam Caldwell
language : en
Publisher: Edward Elgar Publishing
Release Date : 2025-12-16

Pathways And Barriers To Achieving The Un Sustainable Development Goals written by Cam Caldwell and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-12-16 with Business & Economics categories.

This comprehensive yet concise book analyses the current status of the 17 Sustainable Development Goals (SDGs) of the UN 2030 Agenda, assessing their progress and providing strategies for achieving them. The authors emphasise the need for urgent action and concerted collaborative efforts to deliver meaningful progress by 2030, as global political turmoil, the Covid-19 pandemic, and climate change have put the SDGs at risk.

Legal Foundations Of Payment And Settlement Systems

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Author : Anat Keller
language : en
Publisher: Taylor & Francis
Release Date : 2026-02-13

Legal Foundations Of Payment And Settlement Systems written by Anat Keller and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2026-02-13 with Law categories.

This book examines the evolving landscape of payment and settlement systems amid rapid technological advancements and new market entrants, emphasising the critical role of robust legal frameworks in fostering stability, efficiency, and financial inclusion. The concept of secure, efficient, and accessible payment and settlement systems supported by robust legal frameworks and processes as the foundation of a stable financial system is not new. However, rapid technological developments and the entrance of new players have transformed, perhaps even disrupted, the payment ecosystem. This book explores the design, oversight, and enforcement of regulatory environments, offering a critical analysis of current policy and legislative initiatives to address risks and enhance system resilience. Integrating insights from regulatory theory, corporate governance, economics, and central banking, the book navigates tensions between public and private oversight, innovation, and legal clarity, particularly in costly cross-border payments. It debates whether regulators should merely mitigate risks or actively reshape financial infrastructures to harness the transformative potential of payment systems for global economic and societal benefit. This book will be of interest to researchers in the law of emerging technologies, financial and banking law and economics.

International Migration Remittances And The Brain Drain

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Author : Çaglar Özden
language : en
Publisher: Palgrave Macmillan
Release Date : 2006

International Migration Remittances And The Brain Drain written by Çaglar Özden and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.

International migration, the movement of people across international boundaries, has enormous economic, social and cultural implications in both origin and destination countries. It is estimated that some one hundred and eighty million people (three per cent of the world's population) are living in countries in which they were not born. Among these are millions of highly-educated people who moved to developed countries from developing countries that already suffer from low levels of human capital and skilled workers. Moreover, the flow of formal remittances from migrants to their relatives in their countries of birth has exhibited a very rapid and accelerating rate of growth. Estimated to exceed one hundred billion dollars annually, remittances surpass foreign aid and account for the largest source of foreign capital for dozens of countries. This timely volume provides an in-depth examination of the relationship between - and the impacts on - migration, remittances and development. Using new household surveys and census data, the determinants of migration and the impact of migration and remittances on various measures of welfare are analyzed. Other issues discussed include the migration of skilled workers, the impact of international students and skilled migration in the United States, the determinants of internal and international migration from rural areas whilst providing a critical examination of the new 'brain drain' literature.

Development Strategy Employment And Migration Country Experiences

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Author : David O'Connor
language : en
Publisher:
Release Date : 1996

Development Strategy Employment And Migration Country Experiences written by David O'Connor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Asia categories.