"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 …

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 …

A recent study by Giuliano and Ruiz-Arranz (2006) has provided evidence of substitutability between remittances and … inefficiency indicator of the domestic banking system and show that migrants' remittances positively affect economic growth only in …