Publication: International Remittances and Financial Inclusion in Sub-Saharan Africa
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2014-07
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2014-08-15
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This paper uses World Bank survey data, including about 10,000 households in five countries -- Burkina Faso, Kenya, Nigeria, Senegal, and Uganda -- to investigate the link between international remittances and households' financial inclusion in Sub-Saharan Africa. The paper finds that receiving international remittances increases the probability that the household opens a bank account in all the five countries. This result is robust to controlling for the potential endogeneity of remittances, using as instruments indicators of the migrants' economic conditions in the destination countries.
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“Aga, Gemechu Ayana; Martinez Peria, Maria Soledad. 2014. International Remittances and Financial Inclusion in Sub-Saharan Africa. Policy Research Working Paper;No. 6991. © http://hdl.handle.net/10986/19383 License: CC BY 3.0 IGO.”
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