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On the Use of Differing Money Transmission Methods by Mexican Immigrants

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Abstract

Interest on the factors shaping migrants’ use of a given money transmittal method has recently intensified following researchers agreement on the often inadequate infrastructure surrounding remittances transfers. This concern has also captured the attention of government officials, who appear more eager to promote more efficient and safe transfers of emigrant’s earnings given the potential that remittances hold for increasing resources at the disposal of receiving nations. This paper uses data from mexican immigrants who have resided in the United States to examine the various factors that shape migrants’ use of the various methods to remit earnings to Mexico. The analysis reveals that accessibility factors and migrants’ awareness of alternative remitting methods play a key role in explaining their use of the various money transfer mechanisms.

Suggested Citation

  • Catalina Amuedo-Dorantes & Susan Pozo, 2004. "On the Use of Differing Money Transmission Methods by Mexican Immigrants," Economic Working Papers at Centro de Estudios Andaluces E2004/06, Centro de Estudios Andaluces.
    • Handle: RePEc:cea:doctra:e2004_06
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    Cited by:

    1. de Haas, Hein, 2009. "Mobility and Human Development," MPRA Paper 19176, University Library of Munich, Germany.
    2. Mohammad Joarder & Uddin Saleh, 2010. "Estimating the economic model of Hundi using micro-level data," Asia Europe Journal, Springer, vol. 8(1), pages 61-75, June.
    3. Kosse, Anneke & Vermeulen, Robert, 2014. "Migrants’ Choice of Remittance Channel: Do General Payment Habits Play a Role?," World Development, Elsevier, vol. 62(C), pages 213-227.
    4. Raúl Hernández-Coss, 2005. "The U.S.–Mexico Remittance Corridor : Lessons on Shifting from Informal to Formal Transfer Systems," World Bank Publications - Books, The World Bank Group, number 7322.
    5. Simeon Karafolas & Nikolaos Sariannidis, 2009. "The Banking Network as a Transmission Channel of Migrant Remittances: The Case of Greek and Italian Banks in Albania," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 15(4), pages 674-684, February.
    6. Simeon Karafolas & George Konteos, 2010. "Choice of Money Transfer Methods in the Case of Albanian Immigrants in Greece," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 16(4), pages 962-978, February.
    7. Mohammad Reza Farzanegan & Sherif Maher Hassan, 2020. "How does the flow of remittances affect the trade balance of the Middle East and North Africa?," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 23(2), pages 248-266, July.

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    More about this item

    Keywords

    International remittances; money transmission methods; mexican immigrants.;
    All these keywords.

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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