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This paper explores the relationship between remittances and financial inclusion for a sample of 187 countries over the … period 2004-2015, using cross-country as well as dynamic panel GMM regressions. At low levels of remittances-to-GDP, these …
Persistent link: https://www.econbiz.de/10012830840
We present cross-country evidence on the impact of remittances on labor market outcomes.Remittances appear to have a … in size than those offoreign direct investment or offcial development aid. On the supply side, remittances reducelabor … significantly different sensitivities to remittances. On the demandside, remittances reduce overall unemployment but benefit mostly …
Persistent link: https://www.econbiz.de/10012913942
financial inclusion. These findings are then used to help inform policy recommendations in areas related to the digitization of …
Persistent link: https://www.econbiz.de/10013306790
The paper examines the usage of the Renminbi (RMB) as an international payment currency. Globally, the use of RMB remains small, accounting for 2 percent of total cross-border transactions. Using country-level transaction data from Swift** for 2010–21, we find significant regional variations...
Persistent link: https://www.econbiz.de/10014355350
This paper presents the most comprehensive and up-to-date panel data set of invoicing currencies in global trade. It provides data on the shares of exports and imports invoiced in US dollars, euros, and other currencies for more than 100 countries since 1990. The evidence from these data...
Persistent link: https://www.econbiz.de/10012826025
This paper uses a novel macroeconomic framework to identify policy and financing options to help Rwanda achieve its sustainable development goals (SDGs). Under current policies, Rwanda would meet its SDGs right after 2050. Active policies that combine fiscal reforms and higher private sector...
Persistent link: https://www.econbiz.de/10013305665
The COVID-19 pandemic has resulted in an unprecedented shock to firms with adverse consequences for existing productive capacities. At the same time, digitalization has increasingly been touted as a key pathway for mitigating economic losses from the pandemic, and we expect firms facing digital...
Persistent link: https://www.econbiz.de/10013295125
The Sustainable Development Goals (SDGs) adopted by the UN General Assembly in 2015 represent a new global consensus to end poverty, promote prosperity, and protect the environment. Goal 8 seeks to improve global resource efficiency in consumption and production and to decouple economic growth...
Persistent link: https://www.econbiz.de/10012924236
The global financial crisis has placed the spotlight squarely on bank stress tests. Stress tests conducted in the lead-up to the crisis, including those by IMF staff, were not always able to identify the right risks and vulnerabilities. Since then, IMF staff has developed more robust stress...
Persistent link: https://www.econbiz.de/10013084148
This paper presents a statistical analysis of revisions in quarterly gross domestic product (GDP) of the Group of Twenty countries (G-20) since 2000. The main objective is to assess whether the reliability of early estimates of quarterly GDP has been weakened from the turmoil of the 2008...
Persistent link: https://www.econbiz.de/10013084476