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Las remesas en Colombia : costos de transacción y lavado de dinero

Author

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  • Ximena Cadena Ordónez
  • Mauricio Cárdenas Santa María

Abstract

Las remesas que entran a Colombia han aumentado sustancialmente en los últimos anos como reflejo del incremento en el flujo migratorio que vivió el país a finales de la década de los noventa. En 2003 se convirtieron en la segunda fuente de divisas del país. Además de mejorar el bienestar de los hogares receptores, pueden ser utilizadas para lavar dinero proveniente de actividades ilegales. Por ello, Colombia ha desarrollado una regulación intensiva en prevenir el lavado de activos, cuyo costo ha sido asumido por los operadores en el mercado a través de la reducción en la rentabilidad y los márgenes. El control al lavado de activos debe fortalecerse entre los Cambistas Profesionales, que son numerosos y poco vigilados. Abstract: In line with migration flows, workers remittances have increased substantially in recent years in Colombia. Although remittances have improved living standards of recipient households, the possibility of use as a vehicle for money laundering is a major risk. Colombia heavily regulates these transfers, which do not seem to be more costly than in other Latin American countries due to competition between intermediaries. Controls on money laundering should focus on 'cambistas profesionales', which are numerous and weakly regulated and supervised. Keywords: International Migration, Financial Regulation, Financial Institutions and Services, Market Structure and Prices.

Suggested Citation

  • Ximena Cadena Ordónez & Mauricio Cárdenas Santa María, 2004. "Las remesas en Colombia : costos de transacción y lavado de dinero," Working Papers Series. Documentos de Trabajo 3127, Fedesarrollo.
    • Handle: RePEc:col:000123:003127
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    File URL: http://hdl.handle.net/11445/814
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    References listed on IDEAS

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    1. Steven Shavell & A. Mitchell Polinsky, 2000. "The Economic Theory of Public Enforcement of Law," Journal of Economic Literature, American Economic Association, vol. 38(1), pages 45-76, March.
    2. Alejandro Gaviria, 2004. "Visa Usa: Fortunas Y Extravíos De Los Emigrantes Colombianos En Los Estados Unidos," Documentos CEDE 3766, Universidad de los Andes, Facultad de Economía, CEDE.
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    Cited by:

    1. Khoudour-Castéras, David, 2010. "Migraçoes internacionais e desenvolvimento: o impacto socioeconômico das remessas na Colômbia," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), May.
    2. Carlos Medina & Lina Cardona, 2010. "The Effects of Remittances on Household Consumption, Education Attendance and Living Standards: the Case of Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 72, pages 11-44.
    3. Juan D. Barón, 2010. "Geografía económica de los Andes Occidentales de Colombia," Documentos de trabajo sobre Economía Regional y Urbana 123, Banco de la Republica de Colombia.
    4. Maurice Kugler, 2006. "Migrant Remittances, Human Capital Formation and Job Creation Externalities in Colombia," Coyuntura Social 12894, Fedesarrollo.
    5. Lina Cardona Sosa & Carlos Medina, 2006. "Migration as a Safety Net and Effects of Remittances on Household Consumption: The Case of Colombia," Borradores de Economia 3219, Banco de la Republica.
    6. Arango-Thomas, Luis Eduardo & Montenegro, Paola & Obando, Nataly, 2012. "El desempleo en Pereira : ¿Solo cuestión de remesas?," Chapters, in: Arango-Thomas, Luis Eduardo & Hamann-Salcedo, Franz Alonso (ed.), El mercado de trabajo en Colombia : hechos, tendencias e instituciones, chapter 17, pages 711-749, Banco de la Republica de Colombia.
    7. Luis Arango & Dolores Mata & Nataly Obando, 2015. "Echoes of the crises in Spain and US in the Colombian labor market: a differences-in-differences approach," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 6(4), pages 441-477, November.
    8. Luis Eduardo Arango & Paola Montenegro & Nataly Obando, 2011. "El desempleo en Pereira: ¿sólo cuestión de remesas?," Borradores de Economia 7871, Banco de la Republica.

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    More about this item

    Keywords

    Migración Internacional; Regulación Financiera; Instituciones y Servicios Financieros; Estructura de Mercado y Precios.International Migration; Financial Regulation; Financial Institutions and Services; Market Structure and Prices.;
    All these keywords.

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G2 - Financial Economics - - Financial Institutions and Services
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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