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Workers’ Remittances; An Overlooked Channel of International Business Cycle Transmission?
Barajas, Adolfo; Chami, Ralph; Ebeke, Christian; … - International Monetary Fund (IMF) - 2012
-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study …
Persistent link: https://www.econbiz.de/10011242272
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The Finance and Growth Nexus Re-Examined; Do All Countries Benefit Equally?
Barajas, Adolfo; Chami, Ralph; Yousefi, Reza - International Monetary Fund (IMF) - 2013
throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions …, income levels, and types of economy. Using a rich dataset for 150 countries for the period 1975–2005, dynamic panel … estimation results suggest that the beneficial effect of financial deepening on economic growth in fact displays measurable …
Persistent link: https://www.econbiz.de/10011242300
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Recent Credit Stagnation in the Mena Region; What to Expect? What Can Be Done?
Chami, Ralph; Espinoza, Raphael A.; Barajas, Adolfo; … - International Monetary Fund (IMF) - 2010
This paper examines the recent credit slowdown among Middle Eastern and North African (MENA) countries from three analytical angles. First, it finds that, similar to other regions and to its past history, a credit boom preceded the current slowdown, and that a protracted period of sluggish...
Persistent link: https://www.econbiz.de/10008671284
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Macroeconomic Consequences of Remittances
Fullenkamp, Connel; Cosimano, Thomas F.; Gapen, Michael T. - International Monetary Fund (IMF) - 2008
Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how...
Persistent link: https://www.econbiz.de/10010790498
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Remittances; An Automatic Output Stabilizer?
Hakura, Dalia; Chami, Ralph; Montiel, Peter - International Monetary Fund (IMF) - 2009
Remittance flows appear to be falling worldwide for the first time in decades as a result of the ongoing financial turmoil. It is suspected that the drop in remittance income into developing and emerging markets will have a destabilizing effect on these economies. The paper estimates the impact...
Persistent link: https://www.econbiz.de/10004999978
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The Global Financial Crisis and Workers' Remittances to Africa; What's the Damage?
Chami, Ralph; Barajas, Adolfo; Garg, Anjali; … - International Monetary Fund (IMF) - 2010
Using data on the distribution of migrants from Africa, GDP growth forecasts for host countries, and after estimating remittance multipliers in recipient countries, this paper estimates the impact of the global economic crisis on African GDP via the remittance channel during 2009-2010. It...
Persistent link: https://www.econbiz.de/10008519483
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Do Workers' Remittances Promote Economic Growth?
Gapen, Michael T.; Chami, Ralph; Montiel, Peter; … - International Monetary Fund (IMF) - 2009
Over the past decades, workers' remittances have grown to become one of the largest sources of financial flows to developing countries, often dwarfing other widely-studied sources such as private capital and official aid flows. While it is undeniable that remittances have poverty-alleviating and...
Persistent link: https://www.econbiz.de/10008528660
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Remittances and Institutions; Are Remittances a Curse?
Dagher, Jihad; Chami, Ralph; Montiel, Peter; Abdih, Yasser - International Monetary Fund (IMF) - 2008
This paper addresses the complex and overlooked relationship between the receipt of workers' remittances and institutional quality in the recipient country. Using a simple model, we show how an increase in remittance inflows can lead to deterioration of institutional quality - specifically, to...
Persistent link: https://www.econbiz.de/10005599273
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Are Immigrant Remittance Flows a Source of Capital for Development
Jahjah, Samir; Chami, Ralph; Fullenkamp, Connel - International Monetary Fund (IMF) - 2003
economic growth. We test this prediction using panel methods on a large sample of countries. The results indicate that …
Persistent link: https://www.econbiz.de/10005599738