Language:
English
Pages:
Online-Ressource
Edition:
Online-Ausg. World Bank E-Library Archive Also available in print
Series Statement:
Policy research working paper 3957
Parallel Title:
Aggarwal, Reena Do workers' remittances promote financial development ?
Keywords:
Emigrant remittances
;
Finance
;
Emigrant remittances
;
Finance
Abstract:
"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. "--World Bank web site
Note:
Includes bibliographical references
,
Title from PDF file as viewed on 8/23/2006
,
Also available in print.
URL:
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