Migrant remittances, financial strongsectorstrong development and the.pdf

University of Wollongong Research Online Faculty of Commerce - Papers (Archive) Faculty of Business 2012 Migrant remittances, financial sector development and the government ownership of banks: evidence from a group of non-OECD economies A rusha Coora University of Wollongo ng, arusha@.au Publication Details Cooray, A . (2012). Migrant remittances, financial sector development and the government ownership of banks: evidence from a group of non-OECD economies. Journal of International Financial Markets, Institutions and Money, 22 (4), 936-957. Research Online is the open access institutional repository for the University of Wollongong. For further information contact the UOW Library: research-pubs@.au Migrant remittances, financial sector development and the government ownership of banks: evidence from a group of non-OECD economies Abstract This study investigates the influence of migrant remittances on two dimensions of the financial sector, namely, size and efficiency in a sample of 94 non-OECD economies. Evidence suggests that migrant remittances contribute to increasing the size and efficiency of the financial sector. The study, in addition, examines the impact of remittances on financial sector size and efficiency through their interaction with the government ownership of banks. The results suggest that remittances lead to larger increases in financial sector size in countries in which the government ownership of banks is lower, and increases in efficiency in countries in which the government ownership of banks is higher. Keywords oecd, financial, remittances, migrant, non, group, evidence, banks, ownership, government, development, economies, sector Disciplines Business | ocial and Behavioral ciences Publication Details