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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Format: | Publication |
Language: | English en_US |
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Washington, DC: World Bank
2012
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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 |
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okr-10986-7172 |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
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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 |