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Leveraging remittances for development

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  • Dilip Ratha

Abstract

Migrant remittances have become a major source of external development finance. They can play an effective role in reducing poverty. And they provide a convenient angle for approaching the complex migration agenda. ; Remittances are personal flows from migrants to their friends and families and should not be taxed or directed to specific development uses. Instead, the development community should make remittance services cheaper and more convenient and indirectly leverage these flows to improve financial access of migrants, their beneficiaries, and the financial intermediaries in the origin countries.

Suggested Citation

  • Dilip Ratha, 2006. "Leveraging remittances for development," Proceedings, Federal Reserve Bank of Dallas, pages 173-185.
    • Handle: RePEc:fip:feddpr:y:2006:p:173-185
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    References listed on IDEAS

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    1. Dilip Ratha & William Shaw, 2007. "South-South Migration and Remittances," World Bank Publications - Books, The World Bank Group, number 6733.
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    Cited by:

    1. Franklin Allen and Giorgia Giovannetti, 2010. "Fragile Countries And The 2008-2009 Crisis," EUI-RSCAS Working Papers 13, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    2. Slobodan Djaji, 2011. "Reforming the System of International Migration," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume III, chapter 8, Edward Elgar Publishing.
    3. Hassan, Gazi & Shakur, Shamim & Bhuyan, Mohammed, 2012. "Nonlinear growth effect of remittances in recipient countries: an econometric analysis of remittances-growth nexus in Bangladesh," MPRA Paper 40086, University Library of Munich, Germany.
    4. Demirguc-Kunt, Asli & Klapper, Leora, 2012. "Measuring financial inclusion : the Global Findex Database," Policy Research Working Paper Series 6025, The World Bank.
    5. Krishnan Sharma, 2009. "The Impact of Remittances on Economic Insecurity," Working Papers 78, United Nations, Department of Economics and Social Affairs.
    6. Christian EBEKE, 2009. "The power of Remittances on the Prevalence of Child Labor," Working Papers 200924, CERDI.
    7. Christian EBEKE, 2010. "Transferts des migrants, ouverture sur l'extérieur et dépenses publiques dans les pays en développement," Working Papers 201011, CERDI.
    8. Kumar, Ronald/R, 2011. "Role of Trade, Aid, Remittances and Financial Development in Pakistan," MPRA Paper 38871, University Library of Munich, Germany.
    9. Davies, Simon, 2007. "Remittances as insurance for idiosyncratic and covariate shocks in Malawi: The importance of distance and relationship," MPRA Paper 4463, University Library of Munich, Germany.
    10. Isabel Ortiz & Jingqing Chai & Matthew Cummins, 2011. "Identifying Fiscal Space:Options for Social and Economic Development for Children and Poor Households in 184 Countries," Working papers 1108, UNICEF,Division of Policy and Strategy.
    11. Sanket Mohapatra & Dilip Ratha, 2010. "Forecasting migrant remittances during the global financial crisis," Migration Letters, Migration Letters, vol. 7(2), pages 203-213, October.
    12. Ibrahim Sirkeci & Jeffrey H. Cohen & Dilip Ratha, 2012. "Migration and Remittances during the Global Financial Crisis and Beyond," World Bank Publications - Books, The World Bank Group, number 13092.
    13. Bakewell Oliver, 2009. "Migration, Diasporas and Development: Some Critical Perspectives," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 229(6), pages 787-802, December.
    14. Ebeke, Christian Hubert, 2012. "The power of remittances on the international prevalence of child labor," Structural Change and Economic Dynamics, Elsevier, vol. 23(4), pages 452-462.
    15. Michael A. Clemens & Timothy N. Ogden, 2020. "Migration and household finances: How a different framing can improve thinking about migration," Development Policy Review, Overseas Development Institute, vol. 38(1), pages 3-27, January.
    16. Raúl Hernández-Coss & Gillian Brown & Chitrawati Buchori & Isaku Endo & Emiko Todoroki & Tita Naovalitha & Wameek Noor & Cynthia Mar, 2008. "The Malaysia-Indonesia Remittance Corridor : Making Formal Transfers the Best Option for Women and Undocumented Migrants," World Bank Publications - Books, The World Bank Group, number 6515.
    17. Kumar, Ronald R., 2010. "Impact of trade openness, remittances, capital inflows & financial development on income in Vanuatu," MPRA Paper 33221, University Library of Munich, Germany.
    18. Jayaraman, T. K. & Choong, Chee-Keong & Kumar, Ronald, 2011. "Role of Remittances in Economic Development: An Empirical Study of World’s Two Most Remittances Dependent Pacific Island Economies," MPRA Paper 33197, University Library of Munich, Germany.
    19. Kumar, Ronald R., 2011. "Role of Financial and Technology Inclusion, Remittances and Exports vis-à-vis growth: A study of Nepal," MPRA Paper 38850, University Library of Munich, Germany, revised 17 May 2012.
    20. Ratha, Dilip & Mohapatra, Sanket & Scheja, Elina, 2011. "Impact of migration on economic and social development : a review of evidence and emerging issues," Policy Research Working Paper Series 5558, The World Bank.

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