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The "Arab spring" of 2011 made a dent in remittance receipts in the Middle East and Africa, as migrant workers from the region fled countries such as Libya.
Those communities have protested that, since other banks are refusing to offer new accounts, Barclays' decision will lead to thousands of people losing jobs in remittance companies in the UK, while those sending money abroad will be forced to use a handful of big US money-transfer providers.
But Bolivia did see a decline in remittance income.
On the one hand, a change in remittance behaviour takes place with intermarriage.
Along with the growth in migration came an even larger growth in remittance transfers.
Because of the zero censoring in remittance data, the tobit estimation technique remains the best estimating method for remittances.
Similar(21)
One of the main challenges TransferWise faces in remittance-dependent countries such as the Philippines is that there are far more people sending money in than out, making the P2P model less viable there.
Last year, they sent back about $11 billion in remittances.
The starkest example is in remittances to Africa.
Mexico received $9.82 billion last year in remittances from abroad.
Compare that to the $40bn that diaspora Africans sent home in remittances in 2010.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com