Hakura, Dalia; Chami, Ralph; Montiel, Peter - International Monetary Fund (IMF) - 2009
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 …