In this paper, I measure the importance of remittances and financial development for developing countries. I estimate … channel for remittances to affect economic growth. The index brings together information from existing measures, reflecting … the more financial development in a country, the smaller becomes the impact of remittances on economic growth and it can …

The growth in the number and in the size of remittances and the stability of these monetary transfers have made them a …

remittance income is spent. My findings suggest that in communities without banks remittances are more likely to be used for … increases the likelihood that remittances are used for productive investment and decreases the likelihood that remittances are … remittances for productive investment, purchasing assets, and general consumption …

, and economic development and whether inward remittances may help to construct an inclusive financial system. Using both … endogeneity-robust generalized method of moments and a structural equation model, our results show that remittances and financial … remittances and improve financial inclusion status are of great importance and could pull middle-income countries out of middle …

sending countries are often undervalued. But migrants may foster trade, remittances, innovations, investments back home, and …

This paper examines two important channels which influence the dynamic absorption of remittances at the macroeconomic … level: (i) the presence of borrowing constraints, and (ii) the distribution of remittances across recipient households …. Using an open economy DSGE model with heterogeneous households, we show that remittances accruing to hand …