regulation of institutions and markets. Two distinct but highly inter-related constructs have come to epitomize this post …€œMacroeconomic and Financial Stability in Asian Emerging Marketsâ€, Kuala Lumpur]. …

remittances sent to rural households on consumption-type and investment-type expenditures. We apply propensity score matching to … account for the selection of households into receiving remittances, and estimate average treatment effects on the treated. We … find that remittances supplement income in rural China and lead to increased consumption rather than increased investment …