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Remittances remain a key source of funds for developing countries, far exceeding official development assistance and … even foreign direct investment. Remittances have proved to be more stable than private debt and portfolio equity flows, and … countries. Even in large emerging markets, such as India, remittances are equivalent to at least a quarter of total foreign …
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This report documents the increase in labor migration in Asia and looks at how finance and technology can aid its positive impact on home countries. As diasporas increase, governments have reached out to citizens abroad to provide them with financial instruments. Remittance channels have long...
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This paper distinguishes between target-earnings and life-cycle motivations for return migration by examining how Philippine migrants%u2019 return decisions respond to major, unexpected exchange rate changes in their overseas locations (due to the Asian financial crisis). Overall, the evidence...
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