Publication

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

Cheikhrouhou, Hela, El-Swaify, Radwa, Jarque, Rodrigo, Hernández-Coss, Raúl

2006

Overview

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.

• Publisher: Washington, DC: World Bank
• Subject: 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
• ISBN: 082136782X, 9780821367827