Publications → Governance and Social Issues → Migration

Remittances : transaction costs, determinants, and informal flows

The authors find that the stock of migrants in OECD countries is the primary determinant of remittances. In addition, money transfer fees and the presence of dual exchange rates reduce the share of remittances reported in national accounts. In turn, transaction costs are systematically related to concentration in the banking sector, lack of financial depth, and exchange rate volatility.

Link	http://www-wds.worldbank.…64258546&theSitePK=523679
Author	Freund, C., Spatafora, N.
Date	01-Sep-2005
Institute	World Bank
Tags	migration, remittances, banking