Description: The Germany-Serbia Remittance Corridor : Challenges of Establishing a Formal Money Transfer System

The Germany-Serbia Remittance Corridor : Challenges of Establishing a Formal Money Transfer System

This report provides an overview of remittance flows from Germany to Serbia and analyzes why a large part of remittance transfers take place outside financial institutions. The study presents a series of recommendations on needed policy changes to...

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Bibliographic Details
Main Authors:	De Luna Martinez, José, Endo, Isaku, Barberis, Corrado
Language:	English en_US
Published:	Washington, DC: World Bank 2012
Subjects:	ACCOUNT HOLDERS AMOUNT OF REMITTANCES ANTI-MONEY LAUNDERING ASYLUM-SEEKERS AUTOMATIC TELLER BALANCE OF PAYMENT BALANCE OF PAYMENT STATISTICS BALANCE OF PAYMENTS BANK BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK BRANCHES BANK DEPOSITS BANKING INDUSTRY BANKING SECTOR BANKING SYSTEM BENEFICIARIES OF REMITTANCES BUS DRIVERS CASH VALUE CHARTER COMMERCIAL BANK COMMERCIAL BANKS COMPENSATION OF EMPLOYEES COOPERATIVE BANKS CREDIT CARDS DATA ON REMITTANCES DEBIT CARD DEBIT CARDS DEPOSITS DEUTSCHE MARK DEVELOPMENTAL IMPACT DEVELOPMENTAL IMPACT OF REMITTANCES DIASPORA DISTRIBUTION OF REMITTANCES ECONOMIC GROWTH ELECTRONIC TRANSFER ELECTRONIC TRANSFERS ESTATE EURO EXCHANGE RATE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL PRODUCTS FINANCIAL SERVICES FLOW OF WORKERS FOREIGN BANKS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN EXCHANGE SPREAD FOREIGN WORKERS HOME COUNTRIES HOME COUNTRY HOUSING IMPORTANCE OF REMITTANCES INCOME INFORMAL CHANNELS INFORMAL ECONOMY INSURANCE INTERNATIONAL PAYMENTS LARGE CITIES LIMITED LOCAL CURRENCY MIGRANT WORKERS MIGRANTS MIGRATION MONEY DELIVERY MONEY HOME MONEY ORDER MONEY ORDERS MONEY TRANSFER MONEY TRANSFER COMPANIES MONEY TRANSFER COMPANY MONEY TRANSFER INDUSTRY MONEY TRANSFER OPERATOR MONEY TRANSFER OPERATORS MONEY TRANSFER PRODUCT MONEY TRANSFER SERVICES MONEY TRANSFER SYSTEM MONEY TRANSFERS MONEY TRANSMITTERS MORTGAGE BANKS MORTGAGES NATIONAL BANK NATIONAL ´ PARTNERSHIP PAYMENT OF REMITTANCES PAYMENT SYSTEMS PERSONS PRIVATE BANKS RECIPIENT HOUSEHOLDS RECIPIENTS OF REMITTANCES REFUGEES REGIONAL BANKS REMITTANCE REMITTANCE AMOUNT REMITTANCE CHANNELS REMITTANCE CORRIDORS REMITTANCE FLOWS REMITTANCE INFLOWS REMITTANCE MARKET REMITTANCE MARKETPLACE REMITTANCE PRODUCTS REMITTANCE SENDERS REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCE SYSTEMS REMITTANCE TRANSACTION REMITTANCE TRANSACTIONS REMITTANCE TRANSFER REMITTANCE TRANSFERS REMITTANCE-RECEIVING HOUSEHOLDS REMITTANCES REMITTANCES FLOWS RISK MANAGEMENT SAVINGS SEND MONEY SEND MONEY HOME SEND REMITTANCES SOCIETY SUBSIDIARY TEMPORARY WORK TOTAL AMOUNT OF REMITTANCES TRANSFER CASH TRANSFER MONEY TRANSFER SYSTEMS TRANSPORT UNION UNIVERSAL BANKS
Online Access:	http://documents.worldbank.org/curated/en/2006/01/6833590/germany-serbia-remittance-corridor-challenges-establishing-formal-money-transfer-system http://hdl.handle.net/10986/7033

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Summary:	This report provides an overview of remittance flows from Germany to Serbia and analyzes why a large part of remittance transfers take place outside financial institutions. The study presents a series of recommendations on needed policy changes to facilitate the transfer of remittance flows from the informal channels to licensed or registered financial institutions, thereby maximizing the developmental impact of remittances, reducing remittances fees, improving data collection practices, and strengthening the regulation and supervision of the money transfer industry.

The Germany-Serbia Remittance Corridor : Challenges of Establishing a Formal Money Transfer System

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