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Do workers' remittances promote financial development ? (English)

Workers' remittances to developing countries have become the second largest type of flows after foreign direct investment. The authors use data on workers' remittance flows to 99 developing countries from 1975-2003 to study the impact of remittances on financial sector development. ... See More +

Policy Research Working Paper WPS3957 JUL 01, 2006

Aggarwal, Reena; Demirguc-Kunt, Asli; Martinez Peria, Maria Soledad Disclosed

American Depositary Receipts (ADR) holdings of U.S. based emerging market funds (English)

For a foreign "issuer," the benefits of cross-listing in the United States are extensively documented in the literature. However it is not clear what motivates "investors" to hold American Depositary Receipts (ADRs) rather than the underlying stock of these issuers. ... See More +

Policy Research Working Paper WPS3538 MAR 01, 2005

Aggarwal, Reena; Dahiya, Sandeep; Klapper, Leora Disclosed

Migrant labor remittances in South Asia (English)

This paper provides a strategic overview of key issues relating to the remittance industry in the South Asia region. The paper builds on recent research on remittances that prominently features the South Asia region. ... See More +

Publication 34359 JAN 01, 2005

Munzele Maimbo, Samuel; Adams, Richard H. Jr.; Aggarwal, Reena; Passas, Nikos Disclosed

Portfolio preferences of foreign institutional investors (English)

The authors examine the relationship between foreign investment and the attributes of emerging market countries and firms in which investment is made. ... See More +

Policy Research Working Paper WPS3101 JUL 01, 2003

Reena Aggarwal; Leora Klapper; Peter D. Wysocki