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

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

No 7172 in World Bank Publications - Books from The World Bank Group

Abstract: 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.

Keywords: Health; Nutrition and Population-Population Policies Law and Development-Corporate Law Agriculture and Farming Systems Banks and Banking Reform Macroeconomics and Economic Growth-Remittances Finance and Financial Sector Development Health; Nutrition and Population Agriculture (search for similar items in EconPapers)
Date: 2006
ISBN: 978-0-8213-6782-7
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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