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Migrants and Financial Services:Which Opportunities for Financial Innovation?

Luisa Anderloni () and Daniela Vandone ()
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Luisa Anderloni: University of Milan
Daniela Vandone: University of Milan

Chapter 7 in Frontiers of Banks in a Global Economy, 2008, pp 149-185 from Palgrave Macmillan

Abstract: Abstract Since the middle of the 1990s, international migration has been growing rapidly in most developed countries, with features indeed unique from several viewpoints: size, complexity, diversity, and social implications.1 The implementation of effective policies to ensure immigrant integration, to attract the required skills to satisfy domestic needs, and to fight against irregular entry and employment has become primary in the policy agenda of many countries over the past decades. An interesting aspect is that of financial inclusion of migrants, that is, access to the mainstream financial sector by immigrants. However, this is still a largely unexplored area, although some countries have experienced benchmark initiatives in promoting financial inclusion and, more specifically, in migrants’ financial inclusion, sometimes through financial innovations.

Keywords: Host Country; Financial Service; Banking System; Market Segment; Pension Scheme (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-59066-3_7

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DOI: 10.1057/9780230590663_7

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