Cape Verde : Selected Issues
This Selected Issues paper examines macroeconomic challenges for a highly tourism-based economy such as Cape Verde. The changing structure of Cape Verde’s balance-of-payments financing calls for a closer look at the volatility of remittances and their role as an absorber of economic shocks. The paper finds that compared with other external inflows, remittances continue to be a reliable source of foreign financing, but they are declining in importance. It also shows that this influence seems to be gradually fading, and remittances are becoming increasingly procyclical
Year of publication: |
2008
|
---|---|
Institutions: | International Monetary Fund ; International Monetary Fund (contributor) |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | Kap Verde | Cape Verde | Tourismus | Tourism | Wirtschaftslage | Macroeconomic performance | Rücküberweisungen | Remittances |
Saved in:
freely available
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