Worker's remittances: an overlooked channel of international business cycle transmission?
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Bibliographische Detailangaben
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] International Monetary Fund c2012
Schriftenreihe:IMF working paper WP/12/251
Schlagworte:
Online-Zugang:Volltext
Beschreibung:Title from PDF title page (IMF Web site, viewed Oct. 25, 2012). - "Middle East and Central Asia Department.". - "October 2012."
This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study demonstrates that this effect is robust and causal. Moreover, the econometric analysis reveals that remittance flows are more effective in channeling economic downturns than upswings from the sending countries to remittance-receiving economies. The analysis suggests that measures of openness and spillovers could be enhanced by accounting for the role of the remittances channel
Includes bibliographical references
Beschreibung:1 Online-Ressource (25 p.)
ISBN:9781475563764
1475563760

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