Migrant remittances are significant but remain relatively costly to send. Policymakers have argued that fintech …. Yet, little is known about how migrants with limited education and trust in digital methods interact with fintech. We …-28 percent of migrants exhibit some type of remittance habit, more than half experiment with companies once provided with fintech …

distrust--in a managerial setting. In partnership with a FinTech payments company in Mexico, we randomly offer 33,978 firms the …-up by an additional 7%. Survey data reveal the likely mechanism: When the FinTech company follows through with the pre …

Between the founding of the Federal Reserve System in 1913 and the depression of the 1930s, three check-clearing … systems operated in the United States. The Federal Reserve cleared checks for members of the system. Clearing houses cleared … checks for members of their organizations. Correspondents cleared checks for all other institutions. The correspondent-clearing …

nonbank credit, and aspects of the operation of bank clearing mechanisms. What to make of these threats from a public policy …