The Germany-Serbia Remittance Corridor: Challenges of Establishing a Formal Money Transfer System

José De Luna Martinez, Isaku Endo and Corrado Barberis

No 7033 in World Bank Publications - Books from The World Bank Group

Abstract: This report provides an overview of remittance flows from Germany to Serbia and analyzes why a large part of remittance transfers take place outside financial institutions. The study presents a series of recommendations on needed policy changes to facilitate the transfer of remittance flows from the informal channels to licensed or registered financial institutions, thereby maximizing the developmental impact of remittances, reducing remittances fees, improving data collection practices, and strengthening the regulation and supervision of the money transfer industry.

Keywords: Fiscal; and; Monetary; Policy; Finance; and; Financial; Sector; Development-Financial; Intermediation; Law; and; Development-Corporate; Law; Banks; and; Banking; Reform; Macroeconomics; and; Economic; Growth-Remittances (search for similar items in EconPapers)
Date: 2006
ISBN: 978-0-8213-6658-5
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:7033

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