remittances on financial sector development. In particular, they examine whether remittances contribute to increasing 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 …

"The empirical literature on finance and development suggests that countries with better developed financial systems … experience faster economic growth. Financial development-as captured by size, depth, efficiency, and reach of financial systems … work for development. "--World Bank web site …