Umfang:
1 online resource (88 pages)
ISBN:
9780821367834
Serie:
World Bank working paper no. 86
Inhalt:
This study gives an overview of the intermediation of worker remittance flows from the United States to Guatemala. In contrast to other remittance corridors in the world, most transfers in this corridor are channeled in the United States through the formal sector, and distributed in Guatemala through the banking system. However, both senders and receivers have little access to financial products and services. This study argues that in a country characterized by high income inequality and low and concentrated access to credit, the large role played by domestic banks in distributing remittances seems promising in terms of creating a point of contact that could lead to cross-sales of other financial services. The report also argues that authorities have an important coordination and catalytic role to play, for increased efficiency in remittance intermediation, fostering competition, and ultimately highlighting the potential for greater access.The report concludes with specific avenues for further policy action in terms of transparency, regulatory environment, financial literacy and access, risk management, and money laundering prevention.
Inhalt:
Contents -- Acknowledgments -- Abbreviations and Acronyms -- Executive Summary -- Introduction -- Context -- Organization of the Study -- 1. At the First Mile -- Snapshot -- Profile of Remittance Senders -- Features of the Remittance Industry -- Impact of the Regulatory Framework at the First Mile -- Key Findings and Avenues for Further Action -- 2. At the Intermediary Stage -- Generic Remittance Intermediation Model -- Current Status of Remittance Intermediation Infrastructure in the U.S.-Guatemala Corridor -- Key Findings and Avenues for Further Action -- 3. At the Last Mile -- Characteristics of Recipients and the Impact of Remittances -- Remittance Distribution Industry and Potential for Increased Access to Financial Services -- Last Mile Regulatory and Institutional Framework -- Key Findings and Avenues for Further Action -- Appendixes -- A. Relative Importance of Remittances at Macroeconomic Level in Guatemala vs. Selected Latin American Countries -- B. Addenda on Relevant Legal and Regulatory Framework -- C. Full Text of Relevant Sections of Laws and Regulations Mentioned in Document -- Bibliography -- Map of Remittance Flows in the U.S.-Guatemala Corridor -- LIST OF TABLES -- 1. Largest Intermediaries Partnerships in the U. S.-Guatemala Remittance Corridor (2005) -- 2. Data Issues-Electronic Transfer Major Intermediaries and Their Estimated Market Shares in 2004 -- 3. Comparing Money Orders to Electronic Fund Transfers -- 4. Main Differences between Swift Batch Processing and MTO Proprietary Systems -- 5. Destination of U.S. Remittances by Department, 2005 -- 6. Marginal Budget Shares on Expenditure for Non-Remittance and Remittance-Receiving Households -- 7. Remittance Distribution Market Players in Guatemala: Strengths, Weaknesses, Opportunities, and Threats -- 8. Top 5 Banks Physical Coverage and Remittances FX Market Shares, 2004.
Anmerkung:
Description based on publisher supplied metadata and other sources
Weitere Ausg.:
ISBN 9780821367827
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 9780821367827
Weitere Ausg.:
Print version The U.S.-Guatemala Remittance Corridor
Sprache:
Englisch
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