|Generate QR code
Open Access
Subscription Access
Innovative Mechanisms of Attracting Migrants’ Remittances to the Official Financial Sector
https://doi.org/10.32609/0042-8736-2005-7-50-65
Abstract
The article is devoted to studying innovative mechanisms in the financial sphere, promoting attraction of migrants' remittances to the official financial sector. It is shown that structural transformations of the banking system, perfection of remittance technologies, development of microfinancial organizations and their cooperation with banks and payment systems, improvement of migrants' access to official financial channels, realization of special government programs are capable to change significantly the existing situation in the sphere of migrants' remittances.
References
1. Bank of America Studies Binational Mortgages in Mexico // Associated Press, 2003, September 29.
2. Beate Reszat (2002). Hawala. http://www.hwwa.de/Projects/IaD_Programmes/IDSPs/Asia_Gateway/Hawala.htm.
3. Carvalho S. Meet Highlights the Need to Regulate, but Not Ban, Hawala // Gulf News, 2002, May 23.
4. Celent/Bezard G. Global Money Transfers: Exploring the Remittance Gold Mine. Celent Communications, August 2002. http://www.celent.com/default.htm.
5. Gold, Silver Cards Facility for Non-Residents Soon // Arab News, 2001, August 6.
6. Grace D. Case Study: Integration of Financial Sector Services. International Conference on Migrant Remittances. London, October 9-10, 2003.
7. Jain Р., Moore М. What Makes Microcredit Programmes Effective? Fashionable Fallacies and Workable Realities. Brighton, Institute of Development Studies Working Paper 177, 2003.
8. Johnson B., Sedaca S. Diasporas, Émigrés and Development Economic Linkages and Programmatic Responses. USAID/ Carana Corporation, 2004.
9. Kapur D. Remittances: the New Development Mantra? Conference on Migrant Remittances. London, October 9-10, 2003.
10. Ketkar S., Ratha D. Development Financing During a Crisis: Securitization of Future Receivables. Washington, D.C., The World Bank, PRWP 2582, 2001.
11. Khadria B. Skilled Labour Migration from Developing Countries: Study on India // ILO, Geneva, International Migration Papers, 2002, No 49.
12. Lowell B., De La Garza R. The Developmental Role of Remittances in U.S. Latino Communities and in Latin American Countries. Washington, D.C., Inter-American Dialogue, Final Project Report, 2000.
13. Making the Best of Globalization: Migrant Worker Remittances and Microfinance. Geneva, ILO, 2000, р. 15.
14. Mangi N. Pakistan Cripples the Money Movers // Business Week, 2002, January 31.
15. Mohan G. Diaspora and Development. In: Robinson J. (ed.). Development and Displacement. Open University Press, 2002, p. 77-139.
16. O'Neil K. Consular ID Cards: Mexico and Beyond. Migration Information Source, April 1, 2003.
17. Orozco M. Globalization and Migration: The Impact of Family Remittances in Latin America. Paper at Inter-American Foundation / UN ECLAC / World Bank Conference on Approaches to Increasing the Productive Value of Remittances. Washington, D.C., 2001.
18. Ratha D. Workers' Remittances: An Important and Stable Source of External Development Finance. In: Global Development Finance 2003. World Bank, 2003.
19. Remittances: Fuelling Consumerism or Aiding Development? // ID21 Society& Economy, 2003, June 23. http://www.id21.org/index.html.
20. Report and Conclusions. International Conference on Migrant Remittances: Development Impact, Opportunities for the Financial Sector and Future Prospects. London, October 2003.
21. Robinson M. The Microfinance Revolution: Sustainable Finance for the Poor. Washington, D.C., The World Bank and the Open Society Institute, 2001.
22. Rogers A. Latin America: Contrasting Fortunes in a Region Dependent on Remittances. Traces 17, 2002. http://www.transcomm.ox.ac.uk/traces/issue17.htm.
23. Rogers A. Remittances and Underground Banking in Asian Economies. Traces 6, 1999. http://www.transcomm.ox.ac.uk/traces/issue6.htm.
24. Special Report: Diasporas. A World of Exiles // The Economist, 2003, January 4, p. 25-27.
25. Two Current Issues Facing Developing Countries. In: World Economic Outlook, IMF, April 2005.
26. UN International Migration Report 2002. New York, 2002, ST/ESA/SER.A/220.
27. Vertovec S. Migrant Transnationalism and Modes of Transformation. CMD Working Paper No 03-09m, May 2003.
28. Walmsley T., Winters L. An Analysis of the Removal of Restrictions on the Temporary Movement of Natural Persons. Mimeo, University of Sheffield, 2002.
29. Wimaladharma J., Pearce D., Stanton D. Remittances: The New Development Finance? - Small Enterprise Development Journal, 2004, March.
30. Winters L. The Economic Implications of Liberalising Mode 4 Trade. The Joint WTO-World Bank Symposium on "The Movement of Natural Persons (MODE 4) under the GATS". WTO, Geneva, 11-12 April 2002.
31. Woodruff C., Zenteno R. Remittances and Microenterprises in Mexico. University of California, San Diego, 2001.
Review
For citations:
Glushchenko G. Innovative Mechanisms of Attracting Migrants’ Remittances to the Official Financial Sector. Voprosy Ekonomiki. 2005;(7):50-65. (In Russ.) https://doi.org/10.32609/0042-8736-2005-7-50-65
Views:
502
Email this article 
