Banking Across Borders: The Future of the U.S.-Mexico Remittance Corridor
| Title: | Banking Across Borders: The Future of the U.S.-Mexico Remittance Corridor |
| Author: | Taparia, Vivek |
| Abstract: | In 2004, Mexican immigrants in the United States sent a record of $16.6 billion dollars to their relatives in Mexico. Cross-border consolidation of banks has created the opportunity for migrants to send money home at no cost. However, most migrants do not choose this cost-free option of sending money home. This is due to the various barriers detering migrants from using banks. But this is changing. Political-economic developments are leveling these barriers, clearing the way for increasing numbers of migrants to use financial institutions for remitting money to Mexico. |
| Department: | IC2 Institute |
| Subject: |
Mexico
immigration finance remittances banking |
| URI: | http://hdl.handle.net/2152/14920 |
| Date: | 2005-02 |
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