For many countries, remittance behaviour by migrants is an important component of their overall international financial flows. To date, the empirical literature has analysed the propensity to remit as a function of migrants’ socio-economic characteristics. However, no studies have fully...

For many countries, remittance behaviour by migrants is an important component of their overall international financial flows. The empirical literature has, so far, analysed the propensity to remit as a function of migrants' socio-economic characteristics. However, no studies have fully...

A recent study by Giuliano and Ruiz-Arranz (2006) has provided evidence of substitutability between remittances and financial development in fostering economic growth in developing countries. In this paper, we introduce a new qualitative inefficiency indicator of the domestic banking system and...