Do Remittances Enhance Financial Inclusion in LMICs and in Fragile States? /

This paper explores the relationship between remittances and financial inclusion for a sample of 187 countries over the period 2004-2015, using cross-country as well as dynamic panel GMM regressions. At low levels of remittances-to-GDP, these flows act as a substitute to formal financial channels, t...

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מחבר ראשי: Ben Naceur, Sami
מחברים אחרים: Chami, Ralph, Trabelsi, Mohamed
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2020.
סדרה:IMF Working Papers; Working Paper ; No. 2020/066
גישה מקוונת:Full text available on IMF
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245 1 0 |a Do Remittances Enhance Financial Inclusion in LMICs and in Fragile States? /  |c Sami Ben Naceur, Ralph Chami, Mohamed Trabelsi. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2020. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper explores the relationship between remittances and financial inclusion for a sample of 187 countries over the period 2004-2015, using cross-country as well as dynamic panel GMM regressions. At low levels of remittances-to-GDP, these flows act as a substitute to formal financial channels, thereby reducing financial inclusion. In contrast, when remittance-to-GDP ratio is high, above 13% on average, they tend to complement formal access and usage channels, thus enhancing financial inclusion. This 'U shaped' relationship highlights the role of remittance flows in financing household consumption at low levels, while raising formal household bank savings and allowing for more intermediation, at high levels of remittance-to-GDP. 
538 |a Mode of access: Internet 
700 1 |a Chami, Ralph. 
700 1 |a Trabelsi, Mohamed. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2020/066 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2020/066/001.2020.issue-066-en.xml  |z IMF e-Library