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Moving Minds and Money: The Political Economy of Migrant Transfers

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  • Martina Metzger
  • Jennifer Pédussel Wu

Abstract

This paper examines the potential of digital financial services (Fintech) to increase the development impact of remittances. We discuss both household and macroeconomic perspectives of the nexus of digital financial services, remittances, and financial inclusion. Using our findings, we identify regulatory gaps in dealing with digital financial services to enhance the development impact of remittances. Political and social remittances, as well as collective remittances, and the role of diaspora networks are also considered. We then examine the impact of the Covid-19 pandemic before elucidating major research questions in the political economy of migrant transfers.

Suggested Citation

  • Martina Metzger & Jennifer Pédussel Wu, 2020. "Moving Minds and Money: The Political Economy of Migrant Transfers," ICDD Working Papers 33, University of Kassel, Fachbereich Gesellschaftswissenschaften (Social Sciences), Internatioanl Center for Development and Decent Work (ICDD).
    • Handle: RePEc:ajy:icddwp:33
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    File URL: https://kobra.uni-kassel.de/bitstream/handle/123456789/12370/ICDD_WP33_Metzger_Wu.pdf?sequence=5&isAllowed=y
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    References listed on IDEAS

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    1. repec:unl:unlfep:novafrica:wp1301 is not listed on IDEAS
    2. Frédéric Docquier & Aysit Tansel & Riccardo Turati, 2017. "Do Emigrants Self-Select Along Cultural Traits? Evidence from the MENA Countries," CESifo Working Paper Series 6777, CESifo.
    3. Leo Van Hove & Antoine Dubus, 2019. "M-PESA and Financial Inclusion in Kenya: Of Paying Comes Saving?," Sustainability, MDPI, vol. 11(3), pages 1-26, January.
    4. Paresh Kumar Narayan & Seema Narayan & Sagarika Mishra, 2011. "Do Remittances Induce Inflation? Fresh Evidence from Developing Countries," Southern Economic Journal, John Wiley & Sons, vol. 77(4), pages 914-933, April.
    5. Stefan Staschen & Patrick Meagher, 2018. "Basic Regulatory Enablers for Digital Financial Services," World Bank Publications - Reports 30275, The World Bank Group.
    6. Barajas, Adolfo & Chami, Ralph & Ebeke, Christian & Oeking, Anne, 2018. "What's different about monetary policy transmission in remittance-dependent countries?," Journal of Development Economics, Elsevier, vol. 134(C), pages 272-288.
    7. Sami Ben Naceur & Mr. Ralph Chami & Mohamed Trabelsi, 2020. "Do Remittances Enhance Financial Inclusion in LMICs and in Fragile States?," IMF Working Papers 2020/066, International Monetary Fund.
    8. Catia Batista & Pedro C. Vicente, 2013. "Introducing mobile money in rural Mozambique: Evidence from a field experiment," NOVAFRICA Working Paper Series wp1301, Universidade Nova de Lisboa, Nova School of Business and Economics, NOVAFRICA.
    9. William Jack & Tavneet Suri, 2014. "Risk Sharing and Transactions Costs: Evidence from Kenya's Mobile Money Revolution," American Economic Review, American Economic Association, vol. 104(1), pages 183-223, January.
    10. Docquier, Frédéric & Tansel, Aysit & Turati, Riccardo, 2017. "Do emigrants self-select along cultural traits? Evidence from the MENA countries," MPRA Paper 82778, University Library of Munich, Germany.
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    Cited by:

    1. Metzger, Martina & Were, Maureen & Pédussel Wu, Jennifer, 2022. "Financial inclusion, mobile money and regulatory architecture," IPE Working Papers 202/2022, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    2. Farroukh, Arafet & Mazioued, Manel & Pédussel Wu, Jennifer, 2024. "Revisiting the linkage between remittances inflow and economic growth: A semi-parametric estimation with panel data," IPE Working Papers 238/2024, Berlin School of Economics and Law, Institute for International Political Economy (IPE).

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