TY -
GEN
AU - Aggarwal, Reena
AU - World Bank
AU - Demirguç-Kunt, Asli
TI -
Do workers' remittances promote financial development ?
PB - World Bank
KW - Emigrant remittances Developing countries
KW - Finance Developing countries
PY - [2006]
N2 - Includes bibliographical references
N2 - Title from PDF file as viewed on 8/23/2006
N2 - "Workers' remittances to developing countries have become the second largest type of flows after foreign direct investment. The authors use data on workers' remittance flows to 99 developing countries from 1975-2003 to study the impact of remittances on financial sector development. In particular, they examine whether remittances contribute to increasing the aggregate level of deposits and credit intermediated by the local banking sector. This is an important question considering the extensive literature that has documented the growth-enhancing and poverty-reducing effects of financial development. The findings provide strong support for the notion that remittances promote financial development in developing countries. "--World Bank web site
BT - Policy research working paper ; 3957
CY - [Washington, D.C]
UR - http://slubdd.de/katalog?TN_libero_mab2
ER -