Remittances are a sizeable source of external financing for developing countries. In the L’Aquila 2009 G8 Summit, leaders pledged to reduce the cost of remittances by half in 5 years (from 10 to 5 percent). Yet, empirically, little is known about what drives the cost of remittances. Using newly gathered data across 119 country corridors, this paper explores the factors that determine the cost of remittances. Considering average costs across all types...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2009/10/01
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Рабочий документ в рамках исследования вопросов политики
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WPS5072
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1
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1
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2010/07/01
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Disclosed
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What explains the cost of remittances ? an examination across 119 country corridors
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Finance & Private Sector Development
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