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Do workers'remittances promote financial development ? Author info | Abstract | Publisher info | Download info | Related research | Statistics Aggarwal, Reena
Demirguc-Kunt, Asli
Martinez Peria, Maria Soledad
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registered author(s):
Workers'remittances to developing countries have become the second largest type of flows after foreign direct investment. The authors use data on workers'remittance flows to 99 developing countries from 1975-2003 to study the impact of remittances on financial sector development. In particular, they examine whether remittances contribute to increasing the aggregate level of deposits and credit intermediated by the local banking sector. This is an important question considering the extensive literature that has documented the growth-enhancing and poverty-reducing effects of financial development. The findings provide strong support for the notion that remittances promote financial development in developing countries.
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Paper provided by The World Bank in its series Policy Research Working Paper Series with number
3957.
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Date of creation: 01 Jul 2006Date of revision:
Handle: RePEc:wbk:wbrwps:3957Contact details of provider: Postal: 1818 H Street, N.W., Washington, DC 20433 Email: Web page: http://www.worldbank.org/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Roula I. Yazigi).
Keywords: Remittances ; Economic Theory&Research ; Achieving Shared Growth ; Banks&Banking Reform ; Financial Economics ; Other versions of this item:
This paper has been announced in the following NEP Reports :
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references Cited by : (explanations , 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.)
Yasser Abdih & Jihad Dagher & Ralph Chami & Peter Montiel, 2008.
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Lopez, Humberto & Molina, Luis & Bussolo, Maurizio, 2007.
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2008-12, Federal Reserve Bank of Atlanta.
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Andreas Billmeier & Isabella Massa, 2007.
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Ritha Sukadi, 2009.
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Smita Wagh & Sanjeev Gupta & Catherine A. Pattillo, 2007.
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