Impact of transaction costs on intra Southern African migrants remittances

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dc.contributor.advisorBiekpe, Nicholasen_ZA
dc.contributor.authorMukadi, Basalaen_ZA
dc.date.accessioned2018-11-02T09:31:32Z
dc.date.available2018-11-02T09:31:32Z
dc.date.issued2016en_ZA
dc.description.abstractThe average charges of officially transferring remittances from South Africa to other Southern African countries have been regarded as expensive compared to other main corridor of south-south remittance, and this has long been recognized as a major drain on the income of migrants and their households. Using data gathered across the SADC countries remittances corridors, this research explored the factors that account for the high costs of officially transferring remittances from South Africa to the SADC region. The average costs were regressed across all types of regulated financial institutions and money transfer operators with the following financial and macroeconomic variables: Real GDP per Capita, Dual exchange rates dummy, exchange rates, dollarization dummy, stock of migrants, volume of remittances, Exchange Control Restrictiveness Index, and the bank concentration. The study found that the main factors explaining the high costs of officially transferring remittances from South Africa to the SADC region were the bank concentration, exchange rate volatility, and the exchange control restrictiveness index. These findings suggest that the costs of officially transferring remittances from South Africa to the SADC region could be lowered by policies to increase competition among South African financial institutions and money transfer service providers, to reduce the country's exchange rate volatility, and to reduce the regulatory barriers that restrict financial services to migrants with non-South African identity documents.en_ZA
dc.identifier.apacitationMukadi, B. (2016). <i>Impact of transaction costs on intra Southern African migrants remittances</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/28980en_ZA
dc.identifier.chicagocitationMukadi, Basala. <i>"Impact of transaction costs on intra Southern African migrants remittances."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2016. http://hdl.handle.net/11427/28980en_ZA
dc.identifier.citationMukadi, B. 2016. Impact of transaction costs on intra Southern African migrants remittances. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Mukadi, Basala AB - The average charges of officially transferring remittances from South Africa to other Southern African countries have been regarded as expensive compared to other main corridor of south-south remittance, and this has long been recognized as a major drain on the income of migrants and their households. Using data gathered across the SADC countries remittances corridors, this research explored the factors that account for the high costs of officially transferring remittances from South Africa to the SADC region. The average costs were regressed across all types of regulated financial institutions and money transfer operators with the following financial and macroeconomic variables: Real GDP per Capita, Dual exchange rates dummy, exchange rates, dollarization dummy, stock of migrants, volume of remittances, Exchange Control Restrictiveness Index, and the bank concentration. The study found that the main factors explaining the high costs of officially transferring remittances from South Africa to the SADC region were the bank concentration, exchange rate volatility, and the exchange control restrictiveness index. These findings suggest that the costs of officially transferring remittances from South Africa to the SADC region could be lowered by policies to increase competition among South African financial institutions and money transfer service providers, to reduce the country's exchange rate volatility, and to reduce the regulatory barriers that restrict financial services to migrants with non-South African identity documents. DA - 2016 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2016 T1 - Impact of transaction costs on intra Southern African migrants remittances TI - Impact of transaction costs on intra Southern African migrants remittances UR - http://hdl.handle.net/11427/28980 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/28980
dc.identifier.vancouvercitationMukadi B. Impact of transaction costs on intra Southern African migrants remittances. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2016 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/28980en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentResearch of GSBen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.titleImpact of transaction costs on intra Southern African migrants remittancesen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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