Workers'' remittances have been playing an increasingly important role in the balance of payments of many countries and can significantly contribute to the strength of their external positions. Assessing the likely stability of remittance flows could be a valuable input to the analysis of their...

This paper provides a model on how altruism, ""attachment"" to the home country, and portfolio diversification may act as potential motives behind workers'' remittances. It shows that the level of workers'' remittances depends on how great are their degrees of altruism and ""attachment"" to...

Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has so far been limited, in part because banks either have multiple relationships or have been successful in replacing lost CBRs. However, the cost of services has increased...