Publication:
Do Workers’ Remittances Promote Financial Development?

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dc.contributor.authorAggarwal, Reena
dc.contributor.authorDemirgüç-Kunt, Asli
dc.contributor.authorMartinez Peria, Maria Soledad
dc.date.accessioned2012-06-19T15:27:55Z
dc.date.available2012-06-19T15:27:55Z
dc.date.issued2006-07
dc.description.abstractWorkers' 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2006/07/6887560/workers-remittances-promote-financial-development
dc.identifier.doi10.1596/1813-9450-3957
dc.identifier.urihttps://hdl.handle.net/10986/8418
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3957
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE TERMS
dc.subjectACCOUNTING
dc.subjectADVERSE EFFECT
dc.subjectAGGREGATE LEVEL
dc.subjectBALANCE OF PAYMENT
dc.subjectBALANCE OF PAYMENT STATISTICS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE OF PAYMENTS STATISTICS
dc.subjectBANK DEPOSITS
dc.subjectBANK LENDING
dc.subjectBANKING SECTOR
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ACCOUNT LIBERALIZATION
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCENTRAL BANKS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPENSATION OF EMPLOYEES
dc.subjectCOMPETITIVENESS
dc.subjectCOUNTRY CHARACTERISTICS
dc.subjectCOUNTRY LEVEL
dc.subjectCOUNTRY SIZE
dc.subjectCOUNTRY SPECIFIC
dc.subjectCREDIT MARKET
dc.subjectCREDITOR RIGHTS
dc.subjectCROSS COUNTRY
dc.subjectCROSS COUNTRY EVIDENCE
dc.subjectCURRENT ACCOUNT
dc.subjectDATA ON REMITTANCES
dc.subjectDEPENDENT VARIABLE
dc.subjectDEPOSIT MONEY
dc.subjectDEPOSIT MONEY BANKS
dc.subjectDEPOSITS
dc.subjectDESCRIPTIVE STATISTICS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT IMPACT OF REMITTANCES
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDOMESTIC FINANCIAL LIBERALIZATION
dc.subjectDOMESTIC FINANCIAL SYSTEMS
dc.subjectDOMESTIC INTEREST RATES
dc.subjectECONOMETRICS
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DOWNTURNS
dc.subjectECONOMIC FUNCTIONS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPACT
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC PERFORMANCE
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEFFECT OF REMITTANCES
dc.subjectEMIGRATION
dc.subjectEMPIRICAL RESULTS
dc.subjectENTREPRENEURSHIP
dc.subjectERROR TERM
dc.subjectERROR TERMS
dc.subjectESTIMATION TECHNIQUES
dc.subjectEVOLUTION OF REMITTANCES
dc.subjectEXCHANGE ARRANGEMENTS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE REGIMES
dc.subjectEXCHANGE RATES
dc.subjectEXCHANGE RESTRICTIONS
dc.subjectEXPLANATORY VARIABLES
dc.subjectEXPORTS
dc.subjectEXTERNAL FINANCE
dc.subjectFINANCE LITERATURE
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL DEPENDENCE
dc.subjectFINANCIAL DEPTH
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL ECONOMICS
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL FRAGILITY
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL REFORM
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SECTOR PERFORMANCE
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFIXED COSTS
dc.subjectFIXED EFFECTS
dc.subjectFLOWS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFORMAL REMITTANCES
dc.subjectGDP
dc.subjectGDP DEFLATOR
dc.subjectGDP PER CAPITA
dc.subjectGROWTH RATE
dc.subjectHOUSEHOLD DATA
dc.subjectHUMAN CAPITAL
dc.subjectIMPACT OF REMITTANCES
dc.subjectINCOME
dc.subjectINCREASE IN REMITTANCES
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFORMAL FLOWS
dc.subjectINFORMAL REMITTANCES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE CONTROLS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectINTERNATIONAL MIGRATION
dc.subjectLAGGED DEPENDENT
dc.subjectLAGGED VALUES
dc.subjectLIQUID ASSETS
dc.subjectLIQUID LIABILITIES
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CONSTRAINTS
dc.subjectLOANABLE FUNDS
dc.subjectMIGRANT REMITTANCES
dc.subjectMIGRANT TRANSFERS
dc.subjectMIGRANT WORKERS
dc.subjectMIGRANTS
dc.subjectMIGRANTS SENDING REMITTANCES
dc.subjectMIGRATION
dc.subjectMIGRATION DATA
dc.subjectMONETARY ECONOMICS
dc.subjectMONEY TRANSFER
dc.subjectMONEY TRANSFER COMPANIES
dc.subjectMONEY TRANSFER OPERATORS
dc.subjectMULTIPLE EXCHANGE RATE
dc.subjectMULTIPLE EXCHANGE RATES
dc.subjectNEGATIVE IMPACT
dc.subject0 HYPOTHESIS
dc.subjectPOLICY ISSUES
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOST OFFICES
dc.subjectPOVERTY GAP
dc.subjectPOVERTY REDUCING
dc.subjectPOVERTY REDUCTION
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC POLICY
dc.subjectREAL GDP
dc.subjectRECIPIENT COUNTRIES
dc.subjectRECIPIENTS OF REMITTANCES
dc.subjectREDUCING POVERTY
dc.subjectREMITTANCE
dc.subjectREMITTANCE DATA
dc.subjectREMITTANCE FLOWS
dc.subjectREMITTANCE MARKET
dc.subjectREMITTANCE RECEIVING
dc.subjectREMITTANCE RECEIVING COUNTRIES
dc.subjectREMITTANCE RECIPIENTS
dc.subjectREMITTANCE TRANSFER
dc.subjectREMITTANCES
dc.subjectREMITTANCES FLOWS
dc.subjectRESTRICTIONS ON CAPITAL ACCOUNT TRANSACTIONS
dc.subjectRURAL AREAS
dc.subjectSAVINGS
dc.subjectSEND MONEY
dc.subjectSIGNIFICANT EFFECT
dc.subjectSIGNIFICANT IMPACT
dc.subjectSTOCK MARKETS
dc.subjectTRANSACTION COSTS
dc.subjectTRANSFER PROCESS
dc.subjectTRANSFER SERVICES
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNRECORDED REMITTANCES
dc.subjectUSE OF REMITTANCES
dc.subjectVOLUME OF REMITTANCE FLOWS
dc.subjectWAGES
dc.subjectWORKERS REMITTANCES
dc.subjectWORLD INCOME DISTRIBUTION
dc.titleDo Workers’ Remittances Promote Financial Development?en
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleDo Workers' Remittances Promote Financial Development ?
okr.date.doiregistration2025-04-10T10:30:16.891094Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2006/07/6887560/workers-remittances-promote-financial-development
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.guid527201468314055112
okr.identifier.doi10.1596/1813-9450-3957
okr.identifier.externaldocumentum000016406_20060628102507
okr.identifier.internaldocumentum6887560
okr.identifier.reportWPS3957
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/06/28/000016406_20060628102507/Rendered/PDF/wps3957.pdfen
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicMacroeconomics and Economic Growth::Remittances
okr.topicEconomic Theory and Research
okr.topicBanks and Banking Reform
okr.topicMacroeconomics and Economic Growth::Financial Economics
okr.topicFinance and Financial Sector Development
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isAuthorOfPublication.latestForDiscovery234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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