Remittances are private monetary transfers. Yet the rapidly growing literature on the subject often ignores the role … that exchange rate regimes play in determining the effect remittances have on a recipient economy. This paper uses a … effect of remittances. The analysis considers yearly and quarterly data for seven Latin American countries. Our theoretical …

Remittances are private monetary transfers across borders and thus, often, involve different currencies. Yet the … foreign-currency remittances have on a recipient economy. This paper uses a theoretical model and panel vector autoregression … techniques to understand the effect of remittances on GDP, inflation, real exchange rate and money supply, depending on the …