Migrant remittances, financial sector development and the government ownership of banks: Evidence from a group of non-OECD economies

Arusha Cooray

    Research output: Contribution to journalArticle

    Abstract

    This study investigates the influence of migrant remittances on two dimensions of the financial sector, namely, . size and . efficiency in a sample of 94 non-OECD economies. Evidence suggests that migrant remittances contribute to increasing the size and efficiency of the financial sector. The study, in addition, examines the impact of remittances on financial sector size and efficiency through their interaction with the government ownership of banks. The results suggest that remittances lead to larger increases in financial sector size in countries in which the government ownership of banks is lower, and increases in efficiency in countries in which the government ownership of banks is higher.
    Original languageEnglish
    Pages (from-to)936-957
    JournalJournal of International Financial Markets, Institutions and Money
    Volume22
    Issue number4
    DOIs
    Publication statusPublished - 2012

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