NDLI: The Innovation of the Central Bank of Ecuador and its Influence to the Remittance Market Structure

Content Provider	IEEE Xplore Digital Library
Author	Shan He Cevallos, E.
Copyright Year	2008
Description	Author affiliation: Sch. of Manage., Wuhan Univ. of Technol., Wuhan (Shan He)
Abstract	After the Ecuadorian crisis in 1999, the country showed deterioration in the economic, financial, social, and labor sectors. These conditions encouraged a significant number of the unemployed and sub-employed population to make the decision to migrate to other countries. This decision was taken basically in order to find new income sources. According to the Ecuadorian Foreign Affairs Ministry, there are around 2.83 millions Ecuadorians spread around the world who send remittances to their relatives. This made a lot of business for Couriers companies in Ecuador who charged high commissions for this service. Due to this scenario it was important to design structural policies in the finance industry in order to involve the banking system in the remittance process. The Central Bank of Ecuador (CBE) in conjunction with local banks designed a strategy that allowed remittances transfers at a minimum cost. Using information and bulletins from the CBE, market investigations and other's research, the paper describes the effects of the government involvement and financial innovation through the CBE in the Ecuadorian remittance market which was considered an oligopoly market.
Starting Page	1
Ending Page	4
File Size	103731
Page Count	4
File Format	PDF
ISBN	9781424421077
DOI	10.1109/WiCom.2008.2253
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2008-10-12
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Economics Technological innovation Crisis management Costs Technology management Law Government Companies Unemployment Oligopoly
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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