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The Germany-Serbia Remittance Corridor : Challenges of Establishing a Formal Money Transfer System

Author

Listed:
  • José De Luna Martinez
  • Isaku Endo
  • Corrado Barberis

Abstract

This report provides an overview of remittance flows from Germany to Serbia and analyzes why a large part of remittance transfers take place outside financial institutions. The study presents a series of recommendations on needed policy changes to facilitate the transfer of remittance flows from the informal channels to licensed or registered financial institutions, thereby maximizing the developmental impact of remittances, reducing remittances fees, improving data collection practices, and strengthening the regulation and supervision of the money transfer industry.

Suggested Citation

  • José De Luna Martinez & Isaku Endo & Corrado Barberis, 2006. "The Germany-Serbia Remittance Corridor : Challenges of Establishing a Formal Money Transfer System," World Bank Publications - Books, The World Bank Group, number 7033, December.
    • Handle: RePEc:wbk:wbpubs:7033
    as

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/7033/363380The0Germ101OFFICIAL0USE0ONLY1.pdf?sequence=1
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    References listed on IDEAS

    as
    1. World Bank, 2003. "Serbia and Montenegro," World Bank Publications - Reports 33920, The World Bank Group.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. 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 - Books, The World Bank Group, number 6654, December.
    2. Kazi Abdul, Mannan & Gin Kok, Wei, 2009. "How Do Migrants’ Choice of Remittance Channel? The Case of Bangladesh," MPRA Paper 104212, University Library of Munich, Germany, revised 2009.
    3. Kosse, Anneke & Vermeulen, Robert, 2014. "Migrants’ Choice of Remittance Channel: Do General Payment Habits Play a Role?," World Development, Elsevier, vol. 62(C), pages 213-227.
    4. Kosse, Anneke & Vermeulen, Robert, 2014. "Migrants’ Choice of Remittance Channel: Do General Payment Habits Play a Role?," World Development, Elsevier, vol. 62(C), pages 213-227.
    5. Jakhongir Kakhkharov & Nicholas Rohde, 2020. "Remittances and financial development in transition economies," Empirical Economics, Springer, vol. 59(2), pages 731-763, August.

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