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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

Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks

Bal-Gunduz, Yasemin - International Monetary Fund (IMF) - 2009

. Moreover, global conditions, including changes in real oil and non-oil commodity prices and world trade, are also significant …

Persistent link: https://www.econbiz.de/10008497612

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

IMF-Supported Programs in Low Income Countries: Economic Impact over the Short and Longer Term

Mumssen, Christian; Bal-Gunduz, Yasemin; Ebeke, Christian; … - International Monetary Fund (IMF) - 2013

This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three decades. In contrast to earlier studies, we focus on a sample composed exclusively of LICs and disentangle the different effects of IMF longer-term engagement and short-term...

Persistent link: https://www.econbiz.de/10010790307

The Economic Impact of IMF-Supported Programs in Low-Income Countries

Bal-Gunduz, Yasemin; Ebeke, Christian; Hacibedel, Burcu; … - International Monetary Fund (IMF) - 2013

This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the...

Persistent link: https://www.econbiz.de/10010790497

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

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

Exogenous Shocks and Growth Crises in Low-Income Countries; A Vulnerability Index

Dabla-Norris, Era; Bal-Gunduz, Yasemin - International Monetary Fund (IMF) - 2012

This paper develops a new index which provides early warning signals of a growth crisis in the event of large external shocks in low-income countries. Multivariate regression analysis and a univariate signaling approach are used to map information from a parsimonious set of underlying policy,...

Persistent link: https://www.econbiz.de/10011242226

Workersâ€™ 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

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