02122cas a2200325 a 4500 AALejournalIMF022605 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400205439 1018-5941 BD-DhAAL BD-DhAAL Beck, Thorsten. What Explains Remittance Fees? : Panel Evidence / Thorsten Beck, Mathilde Janfils, Kangni Kpodar. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper uses data across 365 corridors to document time and country variation in remittance fees and explore factors predicting variation in remittance fees. We document a general reduction in such fees over the past decade although the goal of fees below 3 percent has not been met yet in many corridors. We identify both cost- and risk-based constraints and market structure as barriers to lower remittance fees. Higher transaction costs as result of a more rural population in the sending country and lower scale are associated with higher remittance fees. However, lower risks due to the stability of fixed exchange rates and Internet rather than cash payment are associated with lower remittance fees. Finally, remittance corridors dominated by banks and few players are characterized by higher fees. Mode of access: Internet Access To Financial Services imf Economics imf Macroeconomics imf Migration imf Remittances imf Janfils, Mathilde. Kpodar, Kangni. IMF Working Papers; Working Paper ;No. 2022/063 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=063 IMF e-Library