Journal Article

Leveraging immigrant remittances for development

Abstract: Some observers have suggested that one way to draw immigrants into the financial system is for banks to tap the large global remittance market. The authors of this article propose a model that would leverage remittances to both draw immigrants into the banking system as well promote economic development in immigrant communities in the United States and immigrants? home countries.

Keywords: Emigrant remittances;

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: New England Community Developments

Publication Date: 2006

Pages: 1-7

Order Number: 3