Beck, Thorsten; Peria, Maria Soledad Martinez - 2012
Remittances are a sizeable source of external financing for developing countries. In the L Aquila 2009 G8 Summit …, leaders pledged to reduce the cost of remittances by half in 5 years (from 10 to 5 percent). Yet, empirically, little is known … about what drives the cost of remittances. Using newly gathered data across 119 country corridors, this paper explores the …