The U.S.-Guatemala Remittance Corridor

Understanding Better the Drivers of Remittances Intermediation (World Bank Working Paper)

Bibliographic Data

ID23538108
AuthorsHela Cheikhrouhou, Raúl Hernández-Coss, Radwa El-Swaify, Rodrigo Jarque
Year2006
Pages71
Publication date2006-11-15
Open AccessNo
TypeBOOK
VenueThe U.S.-Guatemala Remittance Corridor (SOURCE_BOOK)
PublisherThe World Bank (PUBLISHER)
DOI10.1596/978-0-8213-6782-7
OpenAlexW1600582048
ISBN9780821367827
Open LibraryOL11416929M
LanguageEN
Citations received4
References cited6

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.

Economic growth · Economics · Geography · Remittance · Diaspora, migration, transnational identity · Migration and Labor Dynamics · Migration, Ethnicity, and Economy · Banking · Banks & Banking · Business · Business & Economics · Development - Business Development · Emigrant remittances · Finance · guatemala · International economics · united states · USA

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