The Germany-Serbia Remittance Corridor : Challenges of Establishing a Formal Money Transfer System

This report provides an overview of remittance flows from Germany to Serbia and analyzes why a large part of remittance transfers take place outside financial institutions. The study presents a series of recommendations on needed policy changes to facilitate the transfer of remittance flows from the informal channels to licensed or registered financial institutions, thereby maximizing the developmental impact of remittances, reducing remittances fees, improving data collection practices, and strengthening the regulation and supervision of the money transfer industry.

Bibliographic Details

Main Authors:	De Luna Martinez, José, Endo, Isaku, Barberis, Corrado
Language:	English en_US
Published:	Washington, DC: World Bank 2006
Subjects:	ACCOUNT HOLDERS, AMOUNT OF REMITTANCES, ANTI-MONEY LAUNDERING, ASYLUM-SEEKERS, AUTOMATIC TELLER, BALANCE OF PAYMENT, BALANCE OF PAYMENT STATISTICS, BALANCE OF PAYMENTS, BANK, BANK ACCOUNT, BANK ACCOUNTS, BANK BRANCH, BANK BRANCHES, BANK DEPOSITS, BANKING INDUSTRY, BANKING SECTOR, BANKING SYSTEM, BENEFICIARIES OF REMITTANCES, BUS DRIVERS, CASH VALUE, CHARTER, COMMERCIAL BANK, COMMERCIAL BANKS, COMPENSATION OF EMPLOYEES, COOPERATIVE BANKS, CREDIT CARDS, DATA ON REMITTANCES, DEBIT CARD, DEBIT CARDS, DEPOSITS, DEUTSCHE MARK, DEVELOPMENTAL IMPACT, DEVELOPMENTAL IMPACT OF REMITTANCES, DIASPORA, DISTRIBUTION OF REMITTANCES, ECONOMIC GROWTH, ELECTRONIC TRANSFER, ELECTRONIC TRANSFERS, ESTATE, EURO, EXCHANGE RATE, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL PRODUCTS, FINANCIAL SERVICES, FLOW OF WORKERS, FOREIGN BANKS, FOREIGN EXCHANGE, FOREIGN EXCHANGE RESERVES, FOREIGN EXCHANGE SPREAD, FOREIGN WORKERS, HOME COUNTRIES, HOME COUNTRY, HOUSING, IMPORTANCE OF REMITTANCES, INCOME, INFORMAL CHANNELS, INFORMAL ECONOMY, INSURANCE, INTERNATIONAL PAYMENTS, LARGE CITIES, LIMITED, LOCAL CURRENCY, MIGRANT WORKERS, MIGRANTS, MIGRATION, MONEY DELIVERY, MONEY HOME, MONEY ORDER, MONEY ORDERS, MONEY TRANSFER, MONEY TRANSFER COMPANIES, MONEY TRANSFER COMPANY, MONEY TRANSFER INDUSTRY, MONEY TRANSFER OPERATOR, MONEY TRANSFER OPERATORS, MONEY TRANSFER PRODUCT, MONEY TRANSFER SERVICES, MONEY TRANSFER SYSTEM, MONEY TRANSFERS, MONEY TRANSMITTERS, MORTGAGE BANKS, MORTGAGES, NATIONAL BANK, NATIONAL ´, PARTNERSHIP, PAYMENT OF REMITTANCES, PAYMENT SYSTEMS, PERSONS, PRIVATE BANKS, RECIPIENT HOUSEHOLDS, RECIPIENTS OF REMITTANCES, REFUGEES, REGIONAL BANKS, REMITTANCE, REMITTANCE AMOUNT, REMITTANCE CHANNELS, REMITTANCE CORRIDORS, REMITTANCE FLOWS, REMITTANCE INFLOWS, REMITTANCE MARKET, REMITTANCE MARKETPLACE, REMITTANCE PRODUCTS, REMITTANCE SENDERS, REMITTANCE SERVICE, REMITTANCE SERVICE PROVIDERS, REMITTANCE SERVICES, REMITTANCE SYSTEMS, REMITTANCE TRANSACTION, REMITTANCE TRANSACTIONS, REMITTANCE TRANSFER, REMITTANCE TRANSFERS, REMITTANCE-RECEIVING HOUSEHOLDS, REMITTANCES, REMITTANCES FLOWS, RISK MANAGEMENT, SAVINGS, SEND MONEY, SEND MONEY HOME, SEND REMITTANCES, SOCIETY, SUBSIDIARY, TEMPORARY WORK, TOTAL AMOUNT OF REMITTANCES, TRANSFER CASH, TRANSFER MONEY, TRANSFER SYSTEMS, TRANSPORT, UNION, UNIVERSAL BANKS,
Online Access:	http://documents.worldbank.org/curated/en/2006/01/6833590/germany-serbia-remittance-corridor-challenges-establishing-formal-money-transfer-system https://hdl.handle.net/10986/7033
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