What Explains Remittance Fees? : Panel Evidence /

What Explains Remittance Fees? : Panel Evidence /

This paper uses data across 365 corridors to document time and country variation in remittance fees and explore factors predicting variation in remittance fees. We document a general reduction in such fees over the past decade although the goal of fees below 3 percent has not been met yet in many co...

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Dades bibliogràfiques
Autor principal: Beck, Thorsten
Altres autors: Janfils, Mathilde, Kpodar, Kangni
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2022.
Col·lecció:IMF Working Papers; Working Paper ;No. 2022/063
Matèries:
Access To Financial Services
Economics
Macroeconomics
Migration
Remittances
Accés en línia:Full text available on IMF
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100 1 |a Beck, Thorsten. 
245 1 0 |a What Explains Remittance Fees? :   |b Panel Evidence /  |c Thorsten Beck, Mathilde Janfils, Kangni Kpodar. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (37 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper uses data across 365 corridors to document time and country variation in remittance fees and explore factors predicting variation in remittance fees. We document a general reduction in such fees over the past decade although the goal of fees below 3 percent has not been met yet in many corridors. We identify both cost- and risk-based constraints and market structure as barriers to lower remittance fees. Higher transaction costs as result of a more rural population in the sending country and lower scale are associated with higher remittance fees. However, lower risks due to the stability of fixed exchange rates and Internet rather than cash payment are associated with lower remittance fees. Finally, remittance corridors dominated by banks and few players are characterized by higher fees. 
538 |a Mode of access: Internet 
650 7 |a Access To Financial Services  |2 imf 
650 7 |a Economics  |2 imf 
650 7 |a Macroeconomics  |2 imf 
650 7 |a Migration  |2 imf 
650 7 |a Remittances  |2 imf 
700 1 |a Janfils, Mathilde. 
700 1 |a Kpodar, Kangni. 
830 0 |a IMF Working Papers; Working Paper   |v ;No. 2022/063 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=063  |z IMF e-Library 

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