"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. "--World …

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 …