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The United States Honduras Remittance Corridor
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Book Synopsis The U.S.-Honduras Remittance Corridor by : Isaku Endo
Download or read book The U.S.-Honduras Remittance Corridor written by Isaku Endo and published by World Bank Publications. This book was released on 2010-03-12 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an overview of remittances and migration between Honduras and the United States and analyzes the remittance regulatory and market environment, including financial inclusion strategies, transnational economic activities, and the impact of remittances on the Honduran economy. 'The U.S.-Honduras Remittance Corridor' makes policy recommendations to the authorities of Honduras and the United States, especially for regulatory reforms that promote the integrity and efficiency of money transfer businesses. We also recommend the development of financial infrastructures in rural areas for better distribution of remittances. Furthermore, we suggest that public policy should be more focused on building an environment for investment in the community and developing local businesses that export to Honduran communities abroad.
Book Synopsis The United States-Honduras Remittance Corridor by : Sarah Hirsch
Download or read book The United States-Honduras Remittance Corridor written by Sarah Hirsch and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The report is part of the Bilateral Remittance Corridor Analysis (BRCA) initiative. The report US-Honduras Remittance Corridor: Acting on Opportunity to Increase Financial Inclusion and Foster Development of a Transnational Economy provides an overview of remittances and migration between the Honduras and the United State. The report analyzes the remittance regulatory and market environment, financial inclusion strategies by financial institutions, transnational economic activities, and the impacts of remittances on the Honduran economy. The chapter 2 provides analysis of remittance market environment including factors that influence migrants' choices of remittance channels, remittance market by type of remittance service providers, and cost of sending remittances. The chapter also analyzes regulatory frameworks including detailed requirements for financial institutions to conduct remittance services and requirements to comply with the anti-money laundering and combating the financing of terrorism framework in both the United States and Honduras. The chapter 3 examines remittances and access to financial services as well as financial inclusion strategies by financial institutions. The chapter four analyzes the development impact of remittances in rural Honduras through transnational economy, networks and diaspora engagement. These analyses of the U.S.-Honduras remittance corridor have led to a set of policy recommendations for the authorities of Honduras and the United States. Regulatory reforms in the remittance markets are urgently recommended in order to promote the integrity and efficiency of money transfer businesses. The report also recommends the development of financial infrastructures in rural areas for better distributions of remittances. It is recommended that public policy be directed to building an environment for diaspora's investments in the community and local business for exports to Honduran communities abroad.
Book Synopsis The U.S.-Mexico Remittance Corridor by : Raúl Hernández-Coss
Download or read book The U.S.-Mexico Remittance Corridor written by Raúl Hernández-Coss and published by World Bank Publications. This book was released on 2005-01-01 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: The experience of Mexican nationals who send money home from the United States forms the basis for this study. The authors identify three stages of the remittance process: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising systems that facilitate the cross-border transfer of funds; and the Last Mile, where the funds reach the hands of the remittance recipient. This analysis, covering the last eight years, may provide guidance for other remittance sending and receiving countries that seek to encourage formalization of the flow.
Book Synopsis The U.S.-Mexico Remittance Corridor by : Raúl Hernández-Coss
Download or read book The U.S.-Mexico Remittance Corridor written by Raúl Hernández-Coss and published by World Bank Publications. This book was released on 2005 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: The experience of Mexican nationals who send money home from the United States forms the basis for this study. The authors identify three stages of the remittance process: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising systems that facilitate the cross-border transfer of funds; and the Last Mile, where the funds reach the hands of the remittance recipient. This analysis, covering the last eight years, may provide guidance for other remittance sending and receiving countries that seek to encourage formalization of the flow.
Book Synopsis The Canada-Caribbean Remittance Corridor by : Emiko Todoroki
Download or read book The Canada-Caribbean Remittance Corridor written by Emiko Todoroki and published by World Bank Publications. This book was released on 2009-04-30 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several economies in the Caribbean region, especially from the lower-income group, are highly dependent on remittances. Between 1991 and 2006, the combined flows of total remittances reaching the Caribbean have averaged almost 17 percent annual growth, surpassing US$6 billion in 2005 and overtaking the region’s total ODA and FDI inflows. In addition, remittances represent more than 20 percent of the domestic gross domestic product (GDP) in some Caribbean countries and have played a significant role in lessening both balance of payment deficits and the impact of natural disasters to which the region is particularly vulnerable. This study undertakes an analysis of the various dynamics underlying the Canada-Caribbean remittance corridor, including Caribbean migration issues and diaspora dynamics, remittance market landscapes, and regulatory frameworks. The study is intended to assist Canadian and Caribbean national authorities to sustain the continued growth and competitiveness of their remittance industries, while protecting them abuse by criminals. The study particularly emphasizes continued policy improvements in each country’s regulatory framework to improve financial sector development and to enhance poverty reduction.
Book Synopsis Migration and Remittances Factbook 2016 by : Dilip Ratha
Download or read book Migration and Remittances Factbook 2016 written by Dilip Ratha and published by World Bank Publications. This book was released on 2016-04-08 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Remittances remain a key source of funds for developing countries, far exceeding official development assistance and even foreign direct investment. Remittances have proved to be more stable than private debt and portfolio equity flows, and less volatile than official aid flows, and their annual flow can match or surpass foreign exchange reserves in many small countries. Even in large emerging markets, such as India, remittances are equivalent to at least a quarter of total foreign exchange reserves. India, China, Philippines and Mexico are the top recipients of migrant remittances. The Migration and Remittances Factbook 2016 attempts to present numbers and facts behind the stories of international migration and remittances, drawing on authoritative, publicly available data. It provides a snapshot of statistics on immigration, emigration, skilled emigration, and remittance flows for 210 countries and 15 regional and income groups. The Migration and Remittances Factbook 2016 updates the 2011 edition of the Factbook with additional data on bilateral migration and remittances and second generation diasporas, collected from various sources, including national censuses, labor force surveys, population registers, and other national sources.
Book Synopsis US-Guatemala Remittance Corridor by :
Download or read book US-Guatemala Remittance Corridor written by and published by World Bank Publications. This book was released on 2006-01-01 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study gives an overview of the intermediation of worker remittance flows from the United States to Guatemala. In contrast to other remittance corridors in the world, most transfers in this corridor are channeled in the United States through the formal sector, and distributed in Guatemala through the banking system. However, both senders and receivers have little access to financial products and services. This study argues that in a country characterized by high income inequality and low and concentrated access to credit, the large role played by domestic banks in distributing remittances seems promising in terms of creating a point of contact that could lead to cross-sales of other financial services. The report also argues that authorities have an important coordination and catalytic role to play, for increased efficiency in remittance intermediation, fostering competition, and ultimately highlighting the potential for greater access. The report concludes with specific avenues for further policy action in terms of transparency, regulatory environment, financial literacy and access, risk
Download or read book Global Economic Prospects 2006 written by and published by World Bank Publications. This book was released on with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: International migration, the movement of people across international boundaries to improve economic opportunity, has enormous implications for growth and welfare in both origin and destination countries. An important benefit to developing countries is the receipt of remittances or transfers from income earned by overseas emigrants. Official data show that development countries' remittance receipts totaled 160 billion in 2004, more than twice the size of official aid. This year's edition of Global Economic Prospects focuses on remittances and migration. The bulk of the book covers remittances.
Book Synopsis The UK-Nigeria Remittance Corridor by : Raúl Hernández-Coss
Download or read book The UK-Nigeria Remittance Corridor written by Raúl Hernández-Coss and published by World Bank Publications. This book was released on 2007-01-01 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is the first research work on remittances conducted in Nigeria and reveals the actual state of its remittance market. The report describes how United Kingdom residents of Nigerian origin transfer remittances home and how the funds are distributed to their beneficiaries in Nigeria. The review presents the remittance industry conditions existing in the UKNigeria remittance corridor at the origination and distribution stages of the transactions, and the intermediaries who facilitate the transfers. The report makes conclusions and compares these main findings with lessons from other corridors. The UK-Nigeria remittance corridor has an equal dominance of formal and informal remittance intermediaries. Although several formal financial institutions for transferring money exist in the UK, many people choose to send money informally. More collaboration between the UK and Nigeria is necessary to develop the remittance market, to encourage the use of formal channels, and to enhance the development potential. Among its benefits, the remittance country partnership (RCP) between UK and Nigeria aims to reduce the cost of remittance transfers. The Nigerian government is engaging its diaspora to help spur economic growth. This report recommends that each government focus on improving data collection at its end of the corridor and do more research to provide its policymakers and its private sector with accurate information.
Book Synopsis Race and Racism in the United States [4 volumes] by : Charles A. Gallagher
Download or read book Race and Racism in the United States [4 volumes] written by Charles A. Gallagher and published by Bloomsbury Publishing USA. This book was released on 2014-06-24 with total page 4036 pages. Available in PDF, EPUB and Kindle. Book excerpt: How is race defined and perceived in America today, and how do these definitions and perceptions compare to attitudes 100 years ago... or 200 years ago? This four-volume set is the definitive source for every topic related to race in the United States. In the 21st century, it is easy for some students and readers to believe that racism is a thing of the past; in reality, old wounds have yet to heal, and new forms of racism are taking shape. Racism has played a role in American society since the founding of the nation, in spite of the words "all men are created equal" within the Declaration of Independence. This set is the largest and most complete of its kind, covering every facet of race relations in the United States while providing information in a user-friendly format that allows easy cross-referencing of related topics for efficient research and learning. The work serves as an accessible tool for high school researchers, provides important material for undergraduate students enrolled in a variety of humanities and social sciences courses, and is an outstanding ready reference for race scholars. The entries provide readers with comprehensive content supplemented by historical backgrounds, relevant examples from primary documents, and first-hand accounts. Information is presented to interest and appeal to readers but also to support critical inquiry and understanding. A fourth volume of related primary documents supplies additional reading and resources for research.
Book Synopsis The Migration Industry and the Commercialization of International Migration by : Thomas Gammeltoft-Hansen
Download or read book The Migration Industry and the Commercialization of International Migration written by Thomas Gammeltoft-Hansen and published by Routledge. This book was released on 2013 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book offers new concepts and theory for the study of international migration by weaving together diverse strands of arguments related to international migration in ways not attempted before. Throughout the chapters, the book brings together original and cross-disciplinary theoretical explorations and original case studies. It also provides a rather global coverage of the phenomena under study, covering migrant destinations in Europe, the United States and Asia, and migrant sending regions in Africa, Asia and Latin America.
Book Synopsis Migration and Remittances in Latin America and the Caribbean by : Ms.Kimberly Beaton
Download or read book Migration and Remittances in Latin America and the Caribbean written by Ms.Kimberly Beaton and published by International Monetary Fund. This book was released on 2017-06-30 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Outward migration has been an important phenomenon for countries in Latin American and the Caribbean (LAC), particularly those in Central America and the Caribbean. This paper examines recent trends in outward migration from and remittances to LAC, as well as their costs and benefits. For the home country, the negative impact from emigration on labor resources and productivity seems to outweigh growth gains from remittances, notably for the Caribbean. However, given emigration, remittance flows play key financing and stabilizing roles in Central America and the Caribbean. They facilitate private consumption smoothing, support financial sector stability and fiscal revenues, and help reduce poverty and inequality, without strong evidence for harmful competitiveness effects through shifts in the real exchange rate.
Book Synopsis The Malaysia-Indonesia Remittance Corridor by :
Download or read book The Malaysia-Indonesia Remittance Corridor written by and published by World Bank Publications. This book was released on 2008-01-01 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Malaysia, Indonesian migrants are showing an increasingly clear preference for informal transfer mechanisms compared to their counterparts in other countries. A little less than half of all Indonesian migrants overseas&—thought to be around 2 million&—are working in Malaysia. An increasing number of migrants are women, and the corridor is also marked by a high number of undocumented migrants. Despite the increasing flows of migrants, only about 10 percent of the estimated flow of remittances into Indonesia from Malaysia is transferred through the formal system. The extent of the preference fo.
Book Synopsis General Principles for International Remittance Services by : Group of Ten. Committee on Payment and Settlement Systems
Download or read book General Principles for International Remittance Services written by Group of Ten. Committee on Payment and Settlement Systems and published by . This book was released on 2007 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Remittance Markets in Africa by : Sanket Mohapatra
Download or read book Remittance Markets in Africa written by Sanket Mohapatra and published by World Bank Publications. This book was released on 2011-01-01 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Remittances sent by African migrants have become an important source of external finance for countries in the Sub-Saharan African region. In many African countries, these flows are larger than foreign direct investment and portfolio debt and equity flows. In some cases, they are similar in size to official aid from multilateral and bilateral donors. Remittance markets in Africa, however, remain less developed than other regions. The share of informal or unrecorded remittances is among the highest for Sub-Saharan African countries. Remittance costs tend to be significantly higher in Africa both for sending remittances from outside the region and for within-Africa (South-South) remittance corridors. At the same time, the remittance landscape in Africa is rapidly changing with the introduction of new remittance technologies, in particular mobile money transfers and branchless banking. This book presents findings of surveys of remittance service providers conducted in eight Sub-Saharan African countries and in three key destination countries. It looks at issues relating to costs, competition, innovation and regulation, and discusses policy options for leveraging remittances for development in Africa.
Book Synopsis Remittances and Vulnerability in Developing Countries by : Giulia Bettin
Download or read book Remittances and Vulnerability in Developing Countries written by Giulia Bettin and published by International Monetary Fund. This book was released on 2014-01-27 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing countries over the period 2005-2011. We find that remittances are negatively correlated with the business cycle in recipient countries, and increase in response to adverse exogenous shocks, such as natural disasters or large declines in the terms of trade. Remittances are positively correlated with economic conditions in the source province. Nevertheless, in the presence of similar negative shocks to both source and recipient economies, remittances remain counter-cyclical with respect to the recipient country.
Book Synopsis Defying the Odds: Remittances During the COVID-19 Pandemic by : Mr. Kangni R Kpodar
Download or read book Defying the Odds: Remittances During the COVID-19 Pandemic written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-07-16 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an early assessment of the dynamics and drivers of remittances during the COVID-19 pandemic, using a newly compiled monthly remittance dataset for a sample of 52 countries, of which 16 countries with bilateral remittance data. The paper documents a strong resilience in remittance flows, notwithstanding an unprecedent global recession triggered by the pandemic. Using the local projection approach to estimate the impulse response functions of remittance flows during Jan 2020-Dec 2020, the paper provides evidence that: (i) remittances responded positively to COVID-19 infection rates in migrant home countries, underscoring its role as an important automatic stabilizer; (ii) stricter containment measures have the unintended consequence of dampening remittances; and (iii) a shift from informal to formal remittance channels due to travel restrictions appears to have also played a role in the surge in formal remittances. Lastly, the size of the fiscal stimulus in host countries is positively associated with remittances as the fiscal response cushions the economic impact of the pandemic.
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