TY - JOUR
T1 - Banking services, transaction costs and international remittance flows
AU - Mookerjee, Rajen
AU - Roberts, Jellina
PY - 2011/2
Y1 - 2011/2
N2 - Using a unique data set on the financial sector, this article assesses the impact that financial sector development has on international remittance flows for a sample of 64 countries. The results show that greater financial sector development - as measured by bank branches per 1000 km2 - results in greater remittance flows to a country. However, this study also documents that transaction costs have no impact on remittance flows. This latter finding has important policy implications as reductions in transaction costs are often cited as an important approach to increase remittance flows.
AB - Using a unique data set on the financial sector, this article assesses the impact that financial sector development has on international remittance flows for a sample of 64 countries. The results show that greater financial sector development - as measured by bank branches per 1000 km2 - results in greater remittance flows to a country. However, this study also documents that transaction costs have no impact on remittance flows. This latter finding has important policy implications as reductions in transaction costs are often cited as an important approach to increase remittance flows.
UR - http://www.scopus.com/inward/record.url?scp=79251535064&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=79251535064&partnerID=8YFLogxK
U2 - 10.1080/13504851003614146
DO - 10.1080/13504851003614146
M3 - Article
AN - SCOPUS:79251535064
SN - 1350-4851
VL - 18
SP - 199
EP - 205
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 3
ER -