What Do Remittances Do?: Analyzing the Private Remittance Transmission Mechanism in El Salvador
Family remittances are important for El Salvador''s economy. This paper analyzes the impact of remittances on El Salvador''s economy and the spillover effects on the other Central American countries. A vector autoregression (VAR) model is formulated, consisting of real and moneta...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2006
|
| Series: | IMF Working Papers
Working Paper No. 06/250 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Summary: | Family remittances are important for El Salvador''s economy. This paper analyzes the impact of remittances on El Salvador''s economy and the spillover effects on the other Central American countries. A vector autoregression (VAR) model is formulated, consisting of real and monetary variables. The results suggest that in, El Salvador, remittances lead to decreases in economic activity, international reserves, and money supply and increases in the interest rate, imports, and consumer prices. This underscores the need for reorienting economic policy in El Salvador to promote the use of remittances in capital formation activities to maximize the benefit of remittances |
| Physical Description: | 1 Online-Ressource (30 p) |
| ISBN: | 1451865104 9781451865103 |
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| index_date | 2024-07-03T20:13:23Z |
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| spelling | Cáceres, Luis René Verfasser aut What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador Cáceres, Luis René Washington, D.C International Monetary Fund 2006 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 06/250 Family remittances are important for El Salvador''s economy. This paper analyzes the impact of remittances on El Salvador''s economy and the spillover effects on the other Central American countries. A vector autoregression (VAR) model is formulated, consisting of real and monetary variables. The results suggest that in, El Salvador, remittances lead to decreases in economic activity, international reserves, and money supply and increases in the interest rate, imports, and consumer prices. This underscores the need for reorienting economic policy in El Salvador to promote the use of remittances in capital formation activities to maximize the benefit of remittances Online-Ausg Nery Saca, Nolvia Sonstige oth http://elibrary.imf.org/view/IMF001/07882-9781451865103/07882-9781451865103/07882-9781451865103.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Cáceres, Luis René What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador |
| title | What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador |
| title_auth | What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador |
| title_exact_search | What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador |
| title_exact_search_txtP | What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador |
| title_full | What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador Cáceres, Luis René |
| title_fullStr | What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador Cáceres, Luis René |
| title_full_unstemmed | What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador Cáceres, Luis René |
| title_short | What Do Remittances Do? |
| title_sort | what do remittances do analyzing the private remittance transmission mechanism in el salvador |
| title_sub | Analyzing the Private Remittance Transmission Mechanism in El Salvador |
| url | http://elibrary.imf.org/view/IMF001/07882-9781451865103/07882-9781451865103/07882-9781451865103.xml |
| work_keys_str_mv | AT caceresluisrene whatdoremittancesdoanalyzingtheprivateremittancetransmissionmechanisminelsalvador AT nerysacanolvia whatdoremittancesdoanalyzingtheprivateremittancetransmissionmechanisminelsalvador |