International remittances and financial inclusion in Sub-Saharan Africa

Gemechu Aga and Maria Martinez Peria

No 6991, Policy Research Working Paper Series from The World Bank

Abstract: This paper uses World Bank survey data, including about 10,000 households in five countries -- Burkina Faso, Kenya, Nigeria, Senegal, and Uganda -- to investigate the link between international remittances and households'financial inclusion in Sub-Saharan Africa. The paper finds that receiving international remittances increases the probability that the household opens a bank account in all the five countries. This result is robust to controlling for the potential endogeneity of remittances, using as instruments indicators of the migrants'economic conditions in the destination countries.

Keywords: Access to Finance; Population Policies; Remittances; Debt Markets; Banks&Banking Reform (search for similar items in EconPapers)
Date: 2014-07-01
New Economics Papers: this item is included in nep-afr, nep-dev and nep-mig
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:6991

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