Migration and Cross-Border Financial Flows
Migration facilitates the flow of information between countries, thereby reducing informational frictions that potentially hamper cross-country financial flows. Using a gravity model, migration is found to be highly correlated with financial...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/586241493123886865/Migration-and-cross-border-financial-flows http://hdl.handle.net/10986/26475 |
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okr-10986-264752021-06-08T14:42:45Z Migration and Cross-Border Financial Flows Kugler, Maurice Levintal, Oren Rapoport, Hillel MIGRATION REMITTANCES FINANCIAL FLOWS GRAVITY MODELS INFORMATION ASSYMETRY INTERNATIONAL FRICTION Migration facilitates the flow of information between countries, thereby reducing informational frictions that potentially hamper cross-country financial flows. Using a gravity model, migration is found to be highly correlated with financial flows from the migrant's host country to her home country. The correlation is strongest where information problems are more acute (e.g., between culturally more distant countries), for asset types that are more informational sensitive, and for the type of migrants that are most able to enhance the flow of information on their home countries, namely, skilled migrants. These differential effects are interpreted as evidence for the role of migration in reducing information frictions between countries. 2017-04-26T22:34:23Z 2017-04-26T22:34:23Z 2017-04 Working Paper http://documents.worldbank.org/curated/en/586241493123886865/Migration-and-cross-border-financial-flows http://hdl.handle.net/10986/26475 English en_US Policy Research Working Paper;No. 8034 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
MIGRATION REMITTANCES FINANCIAL FLOWS GRAVITY MODELS INFORMATION ASSYMETRY INTERNATIONAL FRICTION |
| spellingShingle |
MIGRATION REMITTANCES FINANCIAL FLOWS GRAVITY MODELS INFORMATION ASSYMETRY INTERNATIONAL FRICTION Kugler, Maurice Levintal, Oren Rapoport, Hillel Migration and Cross-Border Financial Flows |
| relation |
Policy Research Working Paper;No. 8034 |
| description |
Migration facilitates the flow of
information between countries, thereby reducing
informational frictions that potentially hamper
cross-country financial flows. Using a gravity model,
migration is found to be highly correlated with financial
flows from the migrant's host country to her home
country. The correlation is strongest where information
problems are more acute (e.g., between culturally more
distant countries), for asset types that are more
informational sensitive, and for the type of migrants that
are most able to enhance the flow of information on their
home countries, namely, skilled migrants. These differential
effects are interpreted as evidence for the role of
migration in reducing information frictions between countries. |
| format |
Working Paper |
| author |
Kugler, Maurice Levintal, Oren Rapoport, Hillel |
| author_facet |
Kugler, Maurice Levintal, Oren Rapoport, Hillel |
| author_sort |
Kugler, Maurice |
| title |
Migration and Cross-Border Financial Flows |
| title_short |
Migration and Cross-Border Financial Flows |
| title_full |
Migration and Cross-Border Financial Flows |
| title_fullStr |
Migration and Cross-Border Financial Flows |
| title_full_unstemmed |
Migration and Cross-Border Financial Flows |
| title_sort |
migration and cross-border financial flows |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/586241493123886865/Migration-and-cross-border-financial-flows http://hdl.handle.net/10986/26475 |
| _version_ |
1764462076327100416 |