Showing 1 - 10 of 804
Since the terrorist attacks of September 11, 2001, there has been increased public interest in informal funds transfer (IFT) systems. This paper examines the informal hawala system, an IFT system found predominantly in the Middle East and South Asia. The paper examines the historical and...
Persistent link: https://www.econbiz.de/10005590949
This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance …-sending countries, to the public finances of remittance-receiving countries. Using panel data for remittance-receiving countries in the … 2010 virtually all receiving countries benefitted from an upturn in remittance-driven tax revenues. …
Persistent link: https://www.econbiz.de/10011142083
Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have …
Persistent link: https://www.econbiz.de/10010790498
Aid has been for decades an important source of financing for developing countries, but more recently remittance flows …
Persistent link: https://www.econbiz.de/10009369450
This paper builds on the methodology developed by Chudik and Mongardini (2007) to estimate the relationship between grants and remittances and the equilibrium real exchange rate in Sub-Saharan African (SSA) countries using panel techniques. The results indicate that grants and remittances are...
Persistent link: https://www.econbiz.de/10004999958
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 … result supports the notion that remittance flows are a stabilizing influence on output. Thus, the fall in remittances …
Persistent link: https://www.econbiz.de/10004999978
This Selected Issues paper presents background notes on El Salvador’s economic growth, national savings, and implications of the Central American Free-Trade Agreement with the United States (CAFTA). The paper describes possible factors behind sluggish growth in El Salvador in recent...
Persistent link: https://www.econbiz.de/10005768488
This paper creates the first dataset of bilateral remittance flows for a limited set of developing countries and … estimates a gravity model for workers' remittances. We find that most of the variation in bilateral remittance flows can be …
Persistent link: https://www.econbiz.de/10005768761
There has been little systematic empirical study on the relationship between remittances and growth. This paper attempts to examine this relationship. Using a newly constructed crosscountry of data series for remittances covering a large sample of developing countries, we relate the interaction...
Persistent link: https://www.econbiz.de/10005768968
Remittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects the impact of emigration due to low growth and limited employment prospects at home. Many Pacific emigrants settle abroad with their families for long periods, but maintain...
Persistent link: https://www.econbiz.de/10005769049