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Remittances: Development Impact and Future Prospects

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Author Info

  • Samuel Munzele Maimbo
  • Dilip Ratha

Abstract

Remittances explores policy options for enhancing the poverty alleviation impact of remittance money in recipient countries, and addressees concerns about increasing migration and inequality. It looks at new technologies that allow remittance service providers to reduce direct transaction costs and open new channels, enhancing convenience for remitters and improving levels of transparency and accountability for regulators and policy makers. Importantly, it also establishes a baseline for further research and collaborative effort, showing the areas where the international financial institutions, particularly the World Bank, can add value to enhance the positive impact of remittance flows and minimize less welcome effects.

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File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/7339/32598a.pdf?sequence=1
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Bibliographic Info

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This book is provided by The World Bank in its series World Bank Publications with number 7339 and published in 2005.

ISBN: 978-0-8213-5794-1
Handle: RePEc:wbk:wbpubs:7339

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Postal: 1818 H Street, N.W., Washington, DC 20433
Phone: (202) 477-1234
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Web page: https://openknowledge.worldbank.org
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Related research

Keywords: Health Economics and Finance Macroeconomics and Economic Growth - Economic Conditions and Volatility Health Monitoring and Evaluation Poverty Reduction - Poverty Assessment Economic Theory and Research Health; Nutrition and Population;

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. Reimer, Jeffrey J., 2002. "Estimating the poverty impacts of trade liberalization," Policy Research Working Paper Series 2790, The World Bank.
  2. Ketkar, Suhas & Ratha, Dilip, 2001. "Development financing during a crisis : securitization of future receivables," Policy Research Working Paper Series 2582, The World Bank.
  3. Harm Zebregs & Wanda Tseng, 2002. "Foreign Direct Investment in China," IMF Policy Discussion Papers 02/3, International Monetary Fund.
  4. Winters, L. Alan, 2000. "Trade, Trade Policy and Poverty: What Are The Links?," CEPR Discussion Papers 2382, C.E.P.R. Discussion Papers.
  5. Desai, Mihir A. & Kapur, Devesh & McHale, John & Rogers, Keith, 2009. "The fiscal impact of high-skilled emigration: Flows of Indians to the U.S," Journal of Development Economics, Elsevier, vol. 88(1), pages 32-44, January.
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Citations

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Cited by:
  1. Brigit Helms, 2006. "Access for All : Building Inclusive Financial Systems," World Bank Publications, The World Bank, number 6973.
  2. Michel Beine & Elisabetta Lodigiani & Robert Vermeulen, 2010. "Remittances and Financial Openness," CESifo Working Paper Series 3090, CESifo Group Munich.
  3. Gustav Ranis, 2007. "Migration, Trade, Capital and Development: Substitutes, Complements and Policies," Working Papers 950, Economic Growth Center, Yale University.
  4. Holzmann, Robert, 2005. "Demographic Alternatives for Aging Industrial Countries: Increased Total Fertility Rate, Labor Force Participation, or Immigration," IZA Discussion Papers 1885, Institute for the Study of Labor (IZA).
  5. Raúl Hernández-Coss & Chinyere Egwuagu Bun, 2007. "The UK-Nigeria Remittance Corridor : Challenges of Embracing Formal Transfer Systems in a Dual Financial Environment," World Bank Publications, The World Bank, number 6654.
  6. Ibrahim Sirkeci & Jeffrey H. Cohen & Dilip Ratha, 2012. "Migration and Remittances during the Global Financial Crisis and Beyond," World Bank Publications, The World Bank, number 13092.
  7. repec:hal:journl:halshs-00318870 is not listed on IDEAS
  8. Ilene Grabel, 2008. "The Political Economy of Remittances: What Do We Know? What Do We Need to Know?," Working Papers wp184, Political Economy Research Institute, University of Massachusetts at Amherst.
  9. Aparicio Fenoll, Ainhoa, 2011. "Network Effects on Migrants' Remittances," IZA Discussion Papers 5657, Institute for the Study of Labor (IZA).
  10. Stijn Claessens & Erik Feijen, 2006. "Financial Sector Development and the Millennium Development Goals," World Bank Publications, The World Bank, number 7145.
  11. Deodat E. Adenutsi & Meshach J. Aziakpono & Matthew K. Ocran, 2011. "The Changing Impact Of Macroeconomic Environment On Remittance Inflows In Sub-Saharan Africa," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 3(2 (July)), pages 136-167.
  12. Pablo Fajnzylber & J. Humberto López, 2008. "Remittances and Development : Lessons from Latin America," World Bank Publications, The World Bank, number 6911.
  13. Sayan, Serdar & Tekin-Koru, Ayca, 2007. "Remittances, Business Cycles and Poverty: The Recent Turkish Experience," MPRA Paper 6029, University Library of Munich, Germany.
  14. Gustav Ranis, 2006. "Migration, trade, capital, and development: substitutes, complements, and policies," Proceedings, Federal Reserve Bank of Dallas, pages 285-294.
  15. Beck, Thorsten & Peria, Maria Soledad Martinez, 2009. "What explains the cost of remittances ? an examination across 119 country corridors," Policy Research Working Paper Series 5072, The World Bank.
  16. Aggarwal, Reena & Demirguc-Kunt, Asli & Martinez Peria, Maria Soledad, 2006. "Do workers'remittances promote financial development ?," Policy Research Working Paper Series 3957, The World Bank.

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