Tuesday, 21 August 2007

Remittances, Free Trade and Cross-Border Banking Examined in Dallas Fed Report

DALLAS, Aug 20, 2007 /PRNewswire via COMTEX/ -- Remittances to Mexico, free trade and cross-border banking are the focus of the Federal Reserve Bank of Dallas' latest issue of Southwest Economy.
Find the July/August issue online at http://www.dallasfed.org/.

Lower money-transfer costs and better measurement techniques likely explain the post-2000 growth in remittances from the United States to Mexico, according to Dallas Fed assistant economists Jesus Canas and Roberto Coronado and senior economist and policy adviser Pia Orrenius.
In "Explaining the Increase in Remittances to Mexico," the authors assert that the growth in the Mexican migrant population and their income alone can't account for the increase in remittances. [Read more]

No comments:

Post a Comment