International Transactions in Remittances: Guide for Compilers and Users
International Monetary Fund, 2009 - Business & Economics - 84 pages
"The International Transactions in Remittance: Guide for Compilers and Users (RCG)" presents concepts, definitions, and classifications related to remittances. It is consistent with the new standards for measuring balance of payments transactions, as contained in the sixth edition of the "Balance of Payments and International Investment Position Manual (BPM6)." These standards are used globally to compile comprehensive and comparable data. "The RCG" identifies the main remittances compilation methods currently being used by compilers and discusses in detail the strengths and weaknesses of each method. It is the first manual providing compilation guidance for remittances and is also the first compilation guide based on concepts set out in "BPM6." Although the "RCG" is primarily aimed at remittances data compilers, it may also be useful for users who wish to understand remittances data.
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abroad amount approach automated teller machine balance of payments bilateral data BPM6 capital transfers cash CEMLA central banks compensation of employees compilers costs country of origin coverage cross-border current and capital current transfers data obtained data on remittances data sources data users debit demographic direct reporting dissemination econometric economy electronic money estimate remittances Eurostat financial institutions foreign exchange foreign-born population funds transfer hawala host country household survey identify important inflows informal channels International Investment Position international transactions ITRS metadata migrants and short-term money transfer operators nonresident workers obtain data partner country Personal remittances personal transfers receiving countries recipient regulatory relevant remittance flows remittance transactions reporting by MTOs require resident sample send remittances service providers settlement short-term workers social contributions source data stored value card subagents supplementary item tances target population tion Total remittances trans transaction channels transfers to NPISHs variables World Bank