De Luna Martinez, JoséEndo, IsakuBarberis, Corrado2012-06-042012-06-042006978-0-8213-6658-5https://hdl.handle.net/10986/7033This 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.en-USCC BY 3.0 IGOACCOUNT HOLDERSAMOUNT OF REMITTANCESANTI-MONEY LAUNDERINGASYLUM-SEEKERSAUTOMATIC TELLERBALANCE OF PAYMENTBALANCE OF PAYMENT STATISTICSBALANCE OF PAYMENTSBANKBANK ACCOUNTBANK ACCOUNTSBANK BRANCHBANK BRANCHESBANK DEPOSITSBANKING INDUSTRYBANKING SECTORBANKING SYSTEMBENEFICIARIES OF REMITTANCESBUS DRIVERSCASH VALUECHARTERCOMMERCIAL BANKCOMMERCIAL BANKSCOMPENSATION OF EMPLOYEESCOOPERATIVE BANKSCREDIT CARDSDATA ON REMITTANCESDEBIT CARDDEBIT CARDSDEPOSITSDEUTSCHE MARKDEVELOPMENTAL IMPACTDEVELOPMENTAL IMPACT OF REMITTANCESDIASPORADISTRIBUTION OF REMITTANCESECONOMIC GROWTHELECTRONIC TRANSFERELECTRONIC TRANSFERSESTATEEUROEXCHANGE RATEFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL PRODUCTSFINANCIAL SERVICESFLOW OF WORKERSFOREIGN BANKSFOREIGN EXCHANGEFOREIGN EXCHANGE RESERVESFOREIGN EXCHANGE SPREADFOREIGN WORKERSHOME COUNTRIESHOME COUNTRYHOUSINGIMPORTANCE OF REMITTANCESINCOMEINFORMAL CHANNELSINFORMAL ECONOMYINSURANCEINTERNATIONAL PAYMENTSLARGE CITIESLIMITEDLOCAL CURRENCYMIGRANT WORKERSMIGRANTSMIGRATIONMONEY DELIVERYMONEY HOMEMONEY ORDERMONEY ORDERSMONEY TRANSFERMONEY TRANSFER COMPANIESMONEY TRANSFER COMPANYMONEY TRANSFER INDUSTRYMONEY TRANSFER OPERATORMONEY TRANSFER OPERATORSMONEY TRANSFER PRODUCTMONEY TRANSFER SERVICESMONEY TRANSFER SYSTEMMONEY TRANSFERSMONEY TRANSMITTERSMORTGAGE BANKSMORTGAGESNATIONAL BANKNATIONAL ´PARTNERSHIPPAYMENT OF REMITTANCESPAYMENT SYSTEMSPERSONSPRIVATE BANKSRECIPIENT HOUSEHOLDSRECIPIENTS OF REMITTANCESREFUGEESREGIONAL BANKSREMITTANCEREMITTANCE AMOUNTREMITTANCE CHANNELSREMITTANCE CORRIDORSREMITTANCE FLOWSREMITTANCE INFLOWSREMITTANCE MARKETREMITTANCE MARKETPLACEREMITTANCE PRODUCTSREMITTANCE SENDERSREMITTANCE SERVICEREMITTANCE SERVICE PROVIDERSREMITTANCE SERVICESREMITTANCE SYSTEMSREMITTANCE TRANSACTIONREMITTANCE TRANSACTIONSREMITTANCE TRANSFERREMITTANCE TRANSFERSREMITTANCE-RECEIVING HOUSEHOLDSREMITTANCESREMITTANCES FLOWSRISK MANAGEMENTSAVINGSSEND MONEYSEND MONEY HOMESEND REMITTANCESSOCIETYSUBSIDIARYTEMPORARY WORKTOTAL AMOUNT OF REMITTANCESTRANSFER CASHTRANSFER MONEYTRANSFER SYSTEMSTRANSPORTUNIONUNIVERSAL BANKSWorld Bank10.1596/978-0-8213-6658-5