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Migrants’ Remittances and Financial Development: Macro- and Micro-Level Evidence of a Perverse Relationship

  1. Richard P. C. Brown1,
  2. Fabrizio Carmignani2,
  3. Ghada Fayad3

Article first published online: 16 JAN 2013

DOI: 10.1111/twec.12016

Issue

The World Economy

The World Economy

Volume 36, Issue 5, pages 636–660, May 2013

Additional Information

How to Cite

Brown, R. P. C., Carmignani, F. and Fayad, G. (2013), Migrants’ Remittances and Financial Development: Macro- and Micro-Level Evidence of a Perverse Relationship. World Economy, 36: 636–660. doi: 10.1111/twec.12016

Author Information

  1. 1

    School of Economics, University of Queensland, St Lucia, Brisbane, Australia

  2. 2

    Department of Accounting, Finance, and Economics, Griffith University, Brisbane, Queensland, Australia

  3. 3

    International Monetary Fund, Washington, DC, USA

  1. The authors acknowledge and thank the Asian Development Bank for permission to use their data set for the household-level analysis. We also thank Eliana Jimenez, Elizabeth Kenny and Xinran Liu for their invaluable assistance in preparing this paper, and the valuable comments on earlier drafts from Sambit Battacharyya, Paul Collier, Karlygash Kuralbayeva, Simon Quinn and Rick van der Ploeg, Department of Economics, Oxford, as well as participants at the CSAE 2011 Conference, Oxford, and the Migration, Economic Change, Social Challenge Conference, UCL, London, 2011 and University of Groningen, School of Economics Seminar, March 2011. We also thank the editors and referees for their useful comments and suggestions.

Publication History

  1. Issue published online: 8 MAY 2013
  2. Article first published online: 16 JAN 2013

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