The paper explored (1) the impact of remittances on financial development and (2) whether the interaction between … remittances and human capital development had an influence on financial development in transitional economies using the dynamic … GMM approach, with data ranging from 1996 to 2014. Remittances were found to have had a non-significant positive influence …

robustly established that remittances and trust matter for financial development. …

This paper investigates the impact of financial liberalization on remittances to 84 countries over five-year intervals … reform impact remittances differently. Increased economic freedom in the financial sector, captured by absence of direct … remittances is slightly negative. Our results suggest that countries using liberalization to cope with external imbalances will …