Emigrants loan money to homelands with 'Diaspora bonds'

Sinews of the Nation: Constructing Irish and Zionist Bonds in the United States by Daniel Lainer-Vos

As the debate over immigration rages on, consider this: people who were born in one country, but then move somewhere else, have an estimated $400 billion in savings. These days, the old country sometimes comes back to the emigrants with an offer -- lend us money.

Dan Lainer-Vos teaches sociology at the University of Southern California and has written a book about what are referred to as Diaspora bonds, and how they're used by Irish and Israeli Americans, called "Sinews of the Nation."

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio

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