"Workers' 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 …

remittances, (2) cost of transferring and delivering remittances, (3) regulatory regime for remittance transactions, and (4 … instruments and financial institutions through which remittances take place is limited. Moreover, only a few countries measure … remittances that take place through informal channels. It also finds that the scope of financial authorities in developing …

"The authors propose a "bottom up" approach to link public investment programs with a class of macro models recently … establishing constant-price projections of investment outlays (disaggregated into infrastructure, education, and health), spending …