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How the poor (and not-so-poor) saved : savings banks in mid- Nineteenth Century Ireland and America

Portuguese migrants in Europe send remittances to their home from a small number of sending countries. France has been the most important source country since the 1960s, and more recently, Germany, Switzerland, and the United States have also become significant source countries (Karafolas, 1998). According to figures from the Banco de Portugal, 42 per cent of remittances came from France, 18 per cent from Switzerland and 15 per cent from the United States. Transfers of remittances are primarily performed by Portuguese banks with their branches abroad. As Portuguese banks expanded operations to the countries of destination. | fi A à O Research Repository UCD Provided by the author s and University College Dublin Library in accordance with publisher policies. Please cite the published version when available. Title How the poor and not-so-poor saved savings banks in midNineteenth Century Ireland and America Author s O Grada Cormac Publication Date 2008-10 Series UCD Centre for Economic Research Working Paper Series WP08 22 Publisher University College Dublin. School of Economics Link to publisher s version http www.ucd.ie economics research papers 2008 WP08.22.p df This item s record more information http hdl.handle.net 10197 972 Downloaded 2012-12-27T13 08 26Z Some rights reserved. For more information please see the item record link above. UCD CENTRE FOR ECONOMIC RESEARCH WORKING PAPER SERIES 2008 How the Poor and not-so-poor Saved Savings Banks in Mid-Nineteenth Century Ireland and America Cormac Ó Gráda University College Dublin WP08 22 October 2008 UCD SCHOOL OF ECONOMICS UNIVERSITY COLLEGE DUBLIN BELFIELD DUBLIN 4 HOW THE POOR AND NOT-SO-POOR SAVED SAVINGS BANKS IN MID-NINETEENTH CENTURY IRELAND AND AMERICA1 Cormac Ó Gráda School of Economics University College Dublin 4 cormac.ograda@ucd.ie 1 Paper presented to the International Congress on the History of Savings Banks Murcia 16-18 October 2008. The author thanks the organizers and participants for their .