Banking Across Borders: The Future of the U.S.-Mexico Remittance Corridor

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Banking Across Borders: The Future of the U.S.-Mexico Remittance Corridor

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Title: Banking Across Borders: The Future of the U.S.-Mexico Remittance Corridor
Author: Taparia, Vivek
Abstract: In 2004, Mexican immigrants in the United States sent a record of $16.6 billion dollars to their relatives in Mexico. Cross-border consolidation of banks has created the opportunity for migrants to send money home at no cost. However, most migrants do not choose this cost-free option of sending money home. This is due to the various barriers detering migrants from using banks. But this is changing. Political-economic developments are leveling these barriers, clearing the way for increasing numbers of migrants to use financial institutions for remitting money to Mexico.
Department: IC2 Institute
Subject: Mexico immigration finance remittances banking
URI: http://hdl.handle.net/2152/14920
Date: 2005-02

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