In an increasingly interconnected global landscape, diaspora communities maintain complex transnational ties with their homelands, influencing local religious practices and institutions. This study examines how UK-Bangladesh diaspora connections shape religious identity formation and social...

Given the increasing global interest in the transition to green energy sources in developing countries that have financial constraints, this study examines the influence of foreign finance on the production and consumption of renewable energy (RE). The study also explores whether globalization...

This study explores the intricate links between remittance inflow and energy consumption in South Asia, a region characterized by high levels of migration abroad and remittance inflows. The present study provides a thorough analysis of vigorous energy utilization in the context of South Asian...

Innovation is essential for promoting long-term growth in middle-income countries (MICs). Amid growing remittance inflows, understanding how these financial transfers influence innovation outcomes has become increasingly important; however, the prevailing literature overlooks the impact of...

This report presents the findings and recommendations from a review of the market for international remittances of Eswatini based on the Committee on Payments and Market Infrastructures (CPMI) and World Bank General Principles for International Remittance Services . This review was undertaken...

Although research has examined the financial sector's response to COVID-19, the role of the cross-border money transfer industry remains unclear. This study investigates the corporate social responsibility (CSR) actions of 22 cross-border money transfer firms headquartered in Canada, the US, and...

Based on a transnational case study of an informal value transfer system that UK law enforcement authorities were able to detect, this doctrinal and qualitative study explores the regulation, supervision and enforcement of unlicensed/unregistered hawala operators and similar service providers...

This paper provides a targeted analysis of ML/TF risks pertaining to remittances to Samoa, confirming limited risks, and discusses potential opportunities for streamlining applicable AML/CFT requirements to operationalize regional remittances risk assessments. Over the past decade, Samoa has...

Growing remittance flows to emerging and developing economies may lead to real exchange rate appreciation and weaken their competitiveness. While the empirical literature finds mixed results about the relevance of this relationship, it does not delve into understanding the interplay of two...

By 2020, one in four Salvadorans lived abroad, with 88 percent residing in the United States. The remittances to GDP ratio was about 25 percent, highlighting the country's dependence on migration. This paper examines the effects of a major U.S. immigration enforcement program - Secure...

This study investigates the relationships between remittances, financial development, and economic growth in Western Balkan countries during 2002-2022. Employing a dynamic panel data approach, the research encompasses a multi-faceted regression strategy, including Ordinary Least Squares (OLS),...

Foreign remittances have become a crucial component of the Nepalese economy. This study investigates the impact of remittances on household consumption patterns in rural Nepal using data from the World Bank's Nepal Household Risk and Vulnerability (NHRV) Survey Panel, covering the period from...

Pakistan is one of the largest recipients of remittances globally and has substantial remittance inflow fluctuations; thus, finding the remittance-gross domestic product (GDP) ratio threshold is expedient. This study examined the macroeconomic impacts of emigrant remittances in Pakistan using a...

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...

This empirical study examines the dynamic connectedness between global geopolitical tension (GPR) and the flow of foreign remittances (FR) in response to evolving global and strategic economic dynamics. The study employs the NARDL estimation model to assess the symmetric and asymmetric...

Remittances are a lifeline for many households in low and middle income countries (LMICs), and have emerged as an important source of external financing for sustainable development. With over 800 million people dependent on remittances worldwide, their importance for developing and least...

Purpose - The purpose of this research is to develop a predictive model that can estimate the volume of remittances channeled toward Yemen's economic reconstruction efforts. Design/methodology/approach - This study utilized a time-series dataset encompassing remittance inflows into Yemen's...

"South Asia Migration Report 2024 documents key themes of remittances, resilience, and rehabilitation from the region. This volume: - Includes dedicated fieldwork to map migration within and outside South Asia; - Analyses the impact of Covid-19 on migrants and migration in South Asia; - Highlights...

This study analyzes the determinants of remittance inflow to the Palestinian territories within the framework of chronic political conflict and economic volatility. Remittances are an important source of Palestinian household finance, offering economic security in the face of labor supply...

In developing economies, rural households send their members to urban areas to cope with idiosyncratic shocks by sharing resources through internal remittances, which are more prevalent than international remittances. However, there is limited evidence on the role of internal remittances in...

Small Island Developing States (SIDS) face many economic challenges. Economic stimuli such as tourism expenditures, remittances, and hotel investment, can address some of these challenges. This research seeks to quantify and compare the economic effects of these three primary injections into a...

In existing empirical literature, the effect of remittances has most often been examined in relation to economic growth, poverty reduction, and employment in recipient countries. Unlike previous empirical studies, this paper focuses its analysis on the impact of remittances on unemployment in...

Diaspora remittance either smooths consumption, boosts welfare among recipients, or en- hances the balance of payment in economies such as developing nations. Nonetheless, institutions that support its usefulness for financing business are always a concern, as they may not encourage interest in...