Showing 1 - 10 of 410
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
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 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
This paper uses a stochastic dynamic general equilibrium model to investigate the influence of countercyclical 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...
Persistent link: https://www.econbiz.de/10005769249
can significantly contribute to the strength of their external positions. Assessing the likely stability of remittance …
Persistent link: https://www.econbiz.de/10005769292
Family remittances are important for El Salvador's economy. This paper analyzes the impact of remittances on El Salvador's economy and the spillover effects on the other Central American countries. A vector autoregression (VAR) model is formulated, consisting of real and monetary variables. The...
Persistent link: https://www.econbiz.de/10005599260