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Do Workers??? Remittances Promote Financial Development?
Aggarwal, Reena; Demirg????-Kunt, Asli; Martinez Peria, … - 2012
Workers' remittances to developing countries have become the second largest type of flows after foreign direct … remittances on financial sector development. In particular, they examine whether remittances contribute to increasing the … findings provide strong support for the notion that remittances promote financial development in developing countries. …
Persistent link: https://www.econbiz.de/10012553779
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Resolving the African Financial Development Gap : Cross-Country Comparisons and a Within-Country Study of Kenya
Allen, Franklin; Carletti, Elena; Cull, Robert - 2013
With extensive country and firm-level data sets, this paper first documents that the financial sectors of most Sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. The paper also finds that population density appears to be considerably...
Persistent link: https://www.econbiz.de/10012560195
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Access to Financial Services : A Review of the Issues and Public Policy Objectives
Claessens, Stijn - 2012
This paper reviews the evidence on the importance of finance for economic well-being, provides data on the degree of use of basic financial services by households and firms across a sample of countries, assesses the desirability of more universal access, and overviews the macroeconomic, legal,...
Persistent link: https://www.econbiz.de/10012554058
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Sri Lanka's Migrant Labor Remittances : Enhancing the Quality and Outreach of the Rural Remittance Infrastructure
Lasagabaster, Esperanza; Maimbo, Samuel Munzele; … - 2012
Remittances-money sent home by immigrant workers abroad-are hugely beneficial to Sri Lanka. Migrants' remittances have … of remittances; the high transaction costs associated with remittances; and the level of transparency and accountability … associated with each of these aspects of remittances with the objective of improving the public and private infrastructure for …
Persistent link: https://www.econbiz.de/10012554244
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Access to Financial Services in Colombia : The ???Unbanked??? in Bogot??
Solo, Tova Maria; Manroth, Astrid - 2012
The authors look at the depth of the financial sector in Bogota in terms of the "financial exclusion" of those, particularly poorer citizens, who operate without accounts in formal financial institutions-the unbanked. They begin with a review of the overall decline in financial intermediation...
Persistent link: https://www.econbiz.de/10012553662
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Beyond Aid : New Sources and Innovative Mechanisms for Financing Development in Sub-Saharan Africa
Ratha, Dilip; Mohapatra, Sanket; Plaza, Sonia - 2012
can potentially raise USD 1-3 billion by reducing the cost of international migrant remittances, USD 5-10 billion by … issuing diaspora bonds, and USD 17 billion by securitizing future remittances and other future receivables. African countries …
Persistent link: https://www.econbiz.de/10012552395
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Infrastructure and Economic Development in Sub-Saharan Africa
Calder??n, C??sar; Serv??n, Luis - 2012
An adequate supply of infrastructure services has long been viewed by both academics and policy makers as a key ingredient for economic development. Sub-Saharan Africa ranks consistently at the bottom of all developing regions in terms of infrastructure performance, and an increasing number of...
Persistent link: https://www.econbiz.de/10012552503
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Financial Development in Latin America : Big Emerging Issues, Limited Policy Answers
de la Torre, Augusto; Gozzi, Juan Carlos; Schmukler, … - 2012
This paper argues that the dominant policy paradigm on financial development is increasingly insufficient to address big emerging issues that are particularly relevant for financial systems in Latin America. This paradigm was shaped over the past decades by a fundamental shift in thinking toward...
Persistent link: https://www.econbiz.de/10012553785
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Financial Development, Growth, and Poverty : How Close are the Links?
Patrick Honohan - 2013
The causal link between finance and growth is one of the most striking empirical macroeconomic relationships uncovered in the past decade. As this branch of the literature matures, the focus shifts from growth to other aspects of economic prosperity, and from financial depth to multidimensional...
Persistent link: https://www.econbiz.de/10012559640
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Financial Development, Financial Fragility, and Growth
Loayza, Norman; Ranci??re, Romain - 2013
The authors study the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit...
Persistent link: https://www.econbiz.de/10012559865