The international approaches to remittance regulations and policymaking have significantly changed in the last two decades. New regulatory frameworks that aim to protect remittances from illicit flows, such as money laundering and terrorism financing, have emerged. Remittance-sending and...

Does ambiguity (Knightian uncertainty) or risk provide a greater discouragement to investment? There is general agreement in the financial press that uncertainty discourages investment, with uncertainty here meaning any situation where important future policy variables (such as tariffs or tax...