Abstract:Migrant remittances increasingly constitute a significant source of financial inflows into emerging markets. Hitherto, extant studies have focused nearly exclusively on the macroeconomic benefits of remittances. Such studies have documented that the top benefits that accrue to the receiving country of remittances include: savings mobilisation, fostering intermediation, investment, sustenance of families and the enabling of access to health care and education by households who ordinarily would not afford to pay… Show more
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