The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation

This study reports on recent development and future potential for U.S.-based Guatemalan workers cross-border retail transfers to be more formal, cheaper, and disposed to the cross-sale of financial products and services. It also presents the key fe...

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Main Authors: Cheikhrouhou, Hela, Jarque, Rodrigo, Hernández-Coss, Raúl, El-Swaify, Radwa
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2006/01/7219896/us-guatemala-remittance-corridor-understanding-better-drivers-remittances-intermediation
http://hdl.handle.net/10986/7172
id okr-10986-7172
recordtype oai_dc
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 ACCOUNTING
AFFILIATE
AGRICULTURAL ACTIVITIES
AGRICULTURE
ANTI-MONEY LAUNDERING
ANTI-MONEY LAUNDERING REGULATIONS
BALANCE OF PAYMENTS
BANK
BANK ACCOUNT
BANK ACCOUNTS
BANK SECRECY ACT
BANKING SECTOR
BANKING SYSTEM
BANKS
BORDER TRANSACTIONS
BORDER TRANSFERS
CAPITA REMITTANCES
CASH REMITTANCES
CHECK CASHING
CITIZENS
CIVIL CONFLICT
CLEARING HOUSE
CLEARING HOUSES
COMMERCIAL CODE
COMPENSATION OF EMPLOYEES
CONSUMER PROTECTION
COOPERATIVES
CORP.
COURIER SERVICES
CREDIT INSTITUTIONS
CREDIT UNIONS
DATA ON REMITTANCES
DEPOSIT INSURANCE
DEPOSITORS
DEVELOPING COUNTRIES
DISSEMINATION
DRUG ABUSE
DUE DILIGENCE
EFFECT OF REMITTANCES
ELECTRONIC FUNDS
ELECTRONIC FUNDS TRANSFERS
ELECTRONIC TRANSFER
ELECTRONIC TRANSFERS
EMIGRANT REMITTANCES
EMPLOYMENT
EMPLOYMENT OPPORTUNITIES
EXCHANGE RATES
FAMILY MEMBERS
FARMERS
FEDERAL DEPOSIT INSURANCE
FEDERAL DEPOSIT INSURANCE CORPORATION
FEDERAL RESERVE SYSTEM
FINANCIAL FLOWS
FINANCIAL INFRASTRUCTURE
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL INTERMEDIATION
FINANCIAL LITERACY
FINANCIAL MARKETS
FINANCIAL PRODUCTS
FINANCIAL SERVICES
FINANCIAL SYSTEMS
FINANCIAL TRANSACTIONS
FOREIGN ASSETS
FOREIGN CURRENCY
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FOREIGN WORKERS
GROSS DOMESTIC PRODUCT
HOME COUNTRY
HOST COUNTRIES
HOST COUNTRY
HOUSEHOLD INCOME
HOUSING
ID REQUIREMENTS
IMMIGRANTS
IMMIGRATION
IMPACT OF REMITTANCES
IMPORTANCE OF REMITTANCES
INCOME
INCOME DISTRIBUTION
INCOME INEQUALITY
INCOMES
INDIVIDUALS
INFORMAL CHANNELS
INTERNATIONAL BORDERS
INTERNATIONAL ORGANIZATION FOR MIGRATION
INTERNATIONAL REMITTANCE
INTERNATIONAL REMITTANCE SYSTEMS
LATIN AMERICAN
LAWS
LEGAL FRAMEWORK
LEGAL STATUS
LIMITED
MACROECONOMIC LEVEL
MERGER
MERGER AGREEMENT
MICROFINANCE
MIGRANTS
MIGRATION
MIGRATION FLOWS
MIGRATORY STATUS
MONETARY REMITTANCES
MONEY GRAM
MONEY LAUNDERING
MONEY ORDER
MONEY ORDERS
MONEY TRANSFER
MONEY TRANSFER COMPANIES
MONEY TRANSFER OPERATOR
MONEY TRANSFER OPERATORS
MONEY TRANSFERS
MONEY TRANSMITTERS
MOTHER
NATIONAL SECURITY
OPERATING COSTS
PARTNERSHIP
PAYMENT SYSTEMS
PENSIONS
POSTAL SERVICE
POSTAL SERVICES
POVERTY ALLEVIATION
PRIMARY EDUCATION
PRIVATE ENTITIES
PROFITABILITY
PROPRIETARY
PUBLIC FINANCE
RECIPIENT COUNTRIES
RECIPIENT COUNTRY
REGULATORY COMPLIANCE
REGULATORY FRAMEWORK
REMITTANCE
REMITTANCE BUSINESS
REMITTANCE CORRIDORS
REMITTANCE DISTRIBUTION
REMITTANCE FLOW
REMITTANCE FLOWS
REMITTANCE INDUSTRY
REMITTANCE MARKET
REMITTANCE PAYMENTS
REMITTANCE PRODUCTS
REMITTANCE RECEIVER
REMITTANCE RECIPIENTS
REMITTANCE SENDERS
REMITTANCE SERVICE
REMITTANCE SERVICE PROVIDERS
REMITTANCE SERVICES
REMITTANCE TRANSACTION
REMITTANCE TRANSACTIONS
REMITTANCE TRANSFER
REMITTANCE-RECEIVING HOUSEHOLDS
REMITTANCES
REMITTANCES FLOWS
REMITTERS
RURAL AREAS
SAVINGS
SEND REMITTANCES
SERVICE PROVIDER
SOCIAL SERVICES
SOCIETY
SPONSOR
SPOUSES
SUBSIDIARY
TAKEOVER
TERRORIST
TRANSACTION COSTS
TRANSFER CHANNELS
TRANSFER FEE
TRANSFER OF REMITTANCES
TRANSFER SERVICES
TRANSPORTATION
UNDOCUMENTED MIGRANT
UNDOCUMENTED MIGRANTS
UNDOCUMENTED WORKERS
UNION
UNSKILLED LABOR
UNSKILLED WORKERS
USING MONEY ORDERS
WORK FORCE
WORKER REMITTANCES
WORKERS REMITTANCES
spellingShingle ACCOUNTING
AFFILIATE
AGRICULTURAL ACTIVITIES
AGRICULTURE
ANTI-MONEY LAUNDERING
ANTI-MONEY LAUNDERING REGULATIONS
BALANCE OF PAYMENTS
BANK
BANK ACCOUNT
BANK ACCOUNTS
BANK SECRECY ACT
BANKING SECTOR
BANKING SYSTEM
BANKS
BORDER TRANSACTIONS
BORDER TRANSFERS
CAPITA REMITTANCES
CASH REMITTANCES
CHECK CASHING
CITIZENS
CIVIL CONFLICT
CLEARING HOUSE
CLEARING HOUSES
COMMERCIAL CODE
COMPENSATION OF EMPLOYEES
CONSUMER PROTECTION
COOPERATIVES
CORP.
COURIER SERVICES
CREDIT INSTITUTIONS
CREDIT UNIONS
DATA ON REMITTANCES
DEPOSIT INSURANCE
DEPOSITORS
DEVELOPING COUNTRIES
DISSEMINATION
DRUG ABUSE
DUE DILIGENCE
EFFECT OF REMITTANCES
ELECTRONIC FUNDS
ELECTRONIC FUNDS TRANSFERS
ELECTRONIC TRANSFER
ELECTRONIC TRANSFERS
EMIGRANT REMITTANCES
EMPLOYMENT
EMPLOYMENT OPPORTUNITIES
EXCHANGE RATES
FAMILY MEMBERS
FARMERS
FEDERAL DEPOSIT INSURANCE
FEDERAL DEPOSIT INSURANCE CORPORATION
FEDERAL RESERVE SYSTEM
FINANCIAL FLOWS
FINANCIAL INFRASTRUCTURE
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL INTERMEDIATION
FINANCIAL LITERACY
FINANCIAL MARKETS
FINANCIAL PRODUCTS
FINANCIAL SERVICES
FINANCIAL SYSTEMS
FINANCIAL TRANSACTIONS
FOREIGN ASSETS
FOREIGN CURRENCY
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FOREIGN WORKERS
GROSS DOMESTIC PRODUCT
HOME COUNTRY
HOST COUNTRIES
HOST COUNTRY
HOUSEHOLD INCOME
HOUSING
ID REQUIREMENTS
IMMIGRANTS
IMMIGRATION
IMPACT OF REMITTANCES
IMPORTANCE OF REMITTANCES
INCOME
INCOME DISTRIBUTION
INCOME INEQUALITY
INCOMES
INDIVIDUALS
INFORMAL CHANNELS
INTERNATIONAL BORDERS
INTERNATIONAL ORGANIZATION FOR MIGRATION
INTERNATIONAL REMITTANCE
INTERNATIONAL REMITTANCE SYSTEMS
LATIN AMERICAN
LAWS
LEGAL FRAMEWORK
LEGAL STATUS
LIMITED
MACROECONOMIC LEVEL
MERGER
MERGER AGREEMENT
MICROFINANCE
MIGRANTS
MIGRATION
MIGRATION FLOWS
MIGRATORY STATUS
MONETARY REMITTANCES
MONEY GRAM
MONEY LAUNDERING
MONEY ORDER
MONEY ORDERS
MONEY TRANSFER
MONEY TRANSFER COMPANIES
MONEY TRANSFER OPERATOR
MONEY TRANSFER OPERATORS
MONEY TRANSFERS
MONEY TRANSMITTERS
MOTHER
NATIONAL SECURITY
OPERATING COSTS
PARTNERSHIP
PAYMENT SYSTEMS
PENSIONS
POSTAL SERVICE
POSTAL SERVICES
POVERTY ALLEVIATION
PRIMARY EDUCATION
PRIVATE ENTITIES
PROFITABILITY
PROPRIETARY
PUBLIC FINANCE
RECIPIENT COUNTRIES
RECIPIENT COUNTRY
REGULATORY COMPLIANCE
REGULATORY FRAMEWORK
REMITTANCE
REMITTANCE BUSINESS
REMITTANCE CORRIDORS
REMITTANCE DISTRIBUTION
REMITTANCE FLOW
REMITTANCE FLOWS
REMITTANCE INDUSTRY
REMITTANCE MARKET
REMITTANCE PAYMENTS
REMITTANCE PRODUCTS
REMITTANCE RECEIVER
REMITTANCE RECIPIENTS
REMITTANCE SENDERS
REMITTANCE SERVICE
REMITTANCE SERVICE PROVIDERS
REMITTANCE SERVICES
REMITTANCE TRANSACTION
REMITTANCE TRANSACTIONS
REMITTANCE TRANSFER
REMITTANCE-RECEIVING HOUSEHOLDS
REMITTANCES
REMITTANCES FLOWS
REMITTERS
RURAL AREAS
SAVINGS
SEND REMITTANCES
SERVICE PROVIDER
SOCIAL SERVICES
SOCIETY
SPONSOR
SPOUSES
SUBSIDIARY
TAKEOVER
TERRORIST
TRANSACTION COSTS
TRANSFER CHANNELS
TRANSFER FEE
TRANSFER OF REMITTANCES
TRANSFER SERVICES
TRANSPORTATION
UNDOCUMENTED MIGRANT
UNDOCUMENTED MIGRANTS
UNDOCUMENTED WORKERS
UNION
UNSKILLED LABOR
UNSKILLED WORKERS
USING MONEY ORDERS
WORK FORCE
WORKER REMITTANCES
WORKERS REMITTANCES
Cheikhrouhou, Hela
Jarque, Rodrigo
Hernández-Coss, Raúl
El-Swaify, Radwa
The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation
relation World Bank Working Paper No. 86
description This study reports on recent development and future potential for U.S.-based Guatemalan workers cross-border retail transfers to be more formal, cheaper, and disposed to the cross-sale of financial products and services. It also presents the key features of remittances senders, recipients, instruments, and intermediaries involved. The paper focuses on three areas: (a) the main characteristics of the Guatemalan migrants in the United States and the key drivers behind their decision to remit money and to choose an intermediary; (b) financial infrastructure supporting U.S.-Guatemala remittances processing, especially the role of technology, payment systems and innovations going forward, as avenues to help lower transaction costs, among others; and (c) the landscape of workers remittances distribution in Guatemala, examines the characteristics of recipients and the evidence of remittances impact, and analyzes the indications of potential for cross-sale of financial services to recipients.
format Publications & Research :: Publication
author Cheikhrouhou, Hela
Jarque, Rodrigo
Hernández-Coss, Raúl
El-Swaify, Radwa
author_facet Cheikhrouhou, Hela
Jarque, Rodrigo
Hernández-Coss, Raúl
El-Swaify, Radwa
author_sort Cheikhrouhou, Hela
title The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation
title_short The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation
title_full The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation
title_fullStr The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation
title_full_unstemmed The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation
title_sort u.s.-guatemala remittance corridor : understanding better the drivers of remittances intermediation
publisher Washington, DC: World Bank
publishDate 2012
url http://documents.worldbank.org/curated/en/2006/01/7219896/us-guatemala-remittance-corridor-understanding-better-drivers-remittances-intermediation
http://hdl.handle.net/10986/7172
_version_ 1764399243805589504
spelling okr-10986-71722021-04-23T14:02:27Z The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation Cheikhrouhou, Hela Jarque, Rodrigo Hernández-Coss, Raúl El-Swaify, Radwa ACCOUNTING AFFILIATE AGRICULTURAL ACTIVITIES AGRICULTURE ANTI-MONEY LAUNDERING ANTI-MONEY LAUNDERING REGULATIONS BALANCE OF PAYMENTS BANK BANK ACCOUNT BANK ACCOUNTS BANK SECRECY ACT BANKING SECTOR BANKING SYSTEM BANKS BORDER TRANSACTIONS BORDER TRANSFERS CAPITA REMITTANCES CASH REMITTANCES CHECK CASHING CITIZENS CIVIL CONFLICT CLEARING HOUSE CLEARING HOUSES COMMERCIAL CODE COMPENSATION OF EMPLOYEES CONSUMER PROTECTION COOPERATIVES CORP. COURIER SERVICES CREDIT INSTITUTIONS CREDIT UNIONS DATA ON REMITTANCES DEPOSIT INSURANCE DEPOSITORS DEVELOPING COUNTRIES DISSEMINATION DRUG ABUSE DUE DILIGENCE EFFECT OF REMITTANCES ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFERS ELECTRONIC TRANSFER ELECTRONIC TRANSFERS EMIGRANT REMITTANCES EMPLOYMENT EMPLOYMENT OPPORTUNITIES EXCHANGE RATES FAMILY MEMBERS FARMERS FEDERAL DEPOSIT INSURANCE FEDERAL DEPOSIT INSURANCE CORPORATION FEDERAL RESERVE SYSTEM FINANCIAL FLOWS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FOREIGN ASSETS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN WORKERS GROSS DOMESTIC PRODUCT HOME COUNTRY HOST COUNTRIES HOST COUNTRY HOUSEHOLD INCOME HOUSING ID REQUIREMENTS IMMIGRANTS IMMIGRATION IMPACT OF REMITTANCES IMPORTANCE OF REMITTANCES INCOME INCOME DISTRIBUTION INCOME INEQUALITY INCOMES INDIVIDUALS INFORMAL CHANNELS INTERNATIONAL BORDERS INTERNATIONAL ORGANIZATION FOR MIGRATION INTERNATIONAL REMITTANCE INTERNATIONAL REMITTANCE SYSTEMS LATIN AMERICAN LAWS LEGAL FRAMEWORK LEGAL STATUS LIMITED MACROECONOMIC LEVEL MERGER MERGER AGREEMENT MICROFINANCE MIGRANTS MIGRATION MIGRATION FLOWS MIGRATORY STATUS MONETARY REMITTANCES MONEY GRAM MONEY LAUNDERING MONEY ORDER MONEY ORDERS MONEY TRANSFER MONEY TRANSFER COMPANIES MONEY TRANSFER OPERATOR MONEY TRANSFER OPERATORS MONEY TRANSFERS MONEY TRANSMITTERS MOTHER NATIONAL SECURITY OPERATING COSTS PARTNERSHIP PAYMENT SYSTEMS PENSIONS POSTAL SERVICE POSTAL SERVICES POVERTY ALLEVIATION PRIMARY EDUCATION PRIVATE ENTITIES PROFITABILITY PROPRIETARY PUBLIC FINANCE RECIPIENT COUNTRIES RECIPIENT COUNTRY REGULATORY COMPLIANCE REGULATORY FRAMEWORK REMITTANCE REMITTANCE BUSINESS REMITTANCE CORRIDORS REMITTANCE DISTRIBUTION REMITTANCE FLOW REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE MARKET REMITTANCE PAYMENTS REMITTANCE PRODUCTS REMITTANCE RECEIVER REMITTANCE RECIPIENTS REMITTANCE SENDERS REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCE TRANSACTION REMITTANCE TRANSACTIONS REMITTANCE TRANSFER REMITTANCE-RECEIVING HOUSEHOLDS REMITTANCES REMITTANCES FLOWS REMITTERS RURAL AREAS SAVINGS SEND REMITTANCES SERVICE PROVIDER SOCIAL SERVICES SOCIETY SPONSOR SPOUSES SUBSIDIARY TAKEOVER TERRORIST TRANSACTION COSTS TRANSFER CHANNELS TRANSFER FEE TRANSFER OF REMITTANCES TRANSFER SERVICES TRANSPORTATION UNDOCUMENTED MIGRANT UNDOCUMENTED MIGRANTS UNDOCUMENTED WORKERS UNION UNSKILLED LABOR UNSKILLED WORKERS USING MONEY ORDERS WORK FORCE WORKER REMITTANCES WORKERS REMITTANCES This study reports on recent development and future potential for U.S.-based Guatemalan workers cross-border retail transfers to be more formal, cheaper, and disposed to the cross-sale of financial products and services. It also presents the key features of remittances senders, recipients, instruments, and intermediaries involved. The paper focuses on three areas: (a) the main characteristics of the Guatemalan migrants in the United States and the key drivers behind their decision to remit money and to choose an intermediary; (b) financial infrastructure supporting U.S.-Guatemala remittances processing, especially the role of technology, payment systems and innovations going forward, as avenues to help lower transaction costs, among others; and (c) the landscape of workers remittances distribution in Guatemala, examines the characteristics of recipients and the evidence of remittances impact, and analyzes the indications of potential for cross-sale of financial services to recipients. 2012-06-05T20:04:23Z 2012-06-05T20:04:23Z 2006 http://documents.worldbank.org/curated/en/2006/01/7219896/us-guatemala-remittance-corridor-understanding-better-drivers-remittances-intermediation 978-0-8213-6782-7 http://hdl.handle.net/10986/7172 English en_US World Bank Working Paper No. 86 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication