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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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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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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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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