This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance … Middle East, North Africa, and Central Asia, three types of results emerge. First, remittances appear to be strongly … procyclical vis-à-vis sending country income. Second, remittances tend to be spent on consumption of both imported and …

have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remittances affect aid flows, and … how this relationship varies depending on the channel of transmission from remittances to aid. Buoyant remittances could … remittances may dampen donors' incentive to scale up aid. Concurrently, remittances could be positively associated with aid if …

effect on these economies. The paper estimates the impact of remittances on output stability for countries that are dependent … find robust evidence that remittances have a negative effect on output growth volatility of recipient countries. This … result supports the notion that remittance flows are a stabilizing influence on output. Thus, the fall in remittances …

estimates a gravity model for workers' remittances. We find that most of the variation in bilateral remittance flows can be … commonly believed. Most strikingly, remittances do not seem to increase in the wake of a natural disaster and appear aligned … with the business cycle in the home country, suggesting that remittances may not play a major role in limiting …

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 between remittances and financial development and its impact on …

Remittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects … that the altruistic motive for remittances remains much stronger in the Pacific region than in the rest of Asia, where …

remittances on the conduct of fiscal and monetary policy and trace their effects on real and nominal variables in a business cycle … setting. We show that remittances raise disposable income and consumption, and insure against income shocks, thereby raising … household welfare. However, remittances increase the correlation between labor and output, thereby producing a more volatile …

Workers' remittances have been playing an increasingly important role in the balance of payments of many countries and …' remittances to agricultural GDP, which is used as an indicator of economic "hardship" in the home country, evidence suggests that … altruism could have played an important role in the flow of remittances to Egypt, Jordan, Morocco, Pakistan, and Tunisia in …

Family remittances are important for El Salvador's economy. This paper analyzes the impact of remittances on El … formulated, consisting of real and monetary variables. The results suggest that in, El Salvador, remittances lead to decreases in …. This underscores the need for reorienting economic policy in El Salvador to promote the use of remittances in capital …

This paper addresses the complex and overlooked relationship between the receipt of workers' remittances and …, even after controlling for potential reverse causality. We find that a higher ratio of remittances to GDP is associated …