Macroeconomic Consequences of Remittances:
Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how to ma...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
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Schriftenreihe: | Occasional Papers
Occasional Paper No. 259 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their development potential--by reporting the results of the first global study of the comprehensive macroeconomic effects of remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely been overlooked. The main challenge for policymakers in countries that receive significant flows of remittances is to design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these policy prescriptions correct early on is imperative. Globalization and the aging of developed economy populations will ensure that demand for migrant workers remains robust for years to come. Hence, the volume of remittances likely will continue to grow, and with it, the challenge of unlocking the maximum societal benefit from these transfers |
Beschreibung: | 1 Online-Ressource (92 p) |
ISBN: | 1589067010 9781589067011 |
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owner_facet | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
physical | 1 Online-Ressource (92 p) |
psigel | ZDB-1-IMF |
publishDate | 2008 |
publishDateSearch | 2008 |
publishDateSort | 2008 |
publisher | International Monetary Fund |
record_format | marc |
series2 | Occasional Papers |
spelling | Fullenkamp, Connel Verfasser aut Macroeconomic Consequences of Remittances Fullenkamp, Connel Washington, D.C International Monetary Fund 2008 1 Online-Ressource (92 p) txt rdacontent c rdamedia cr rdacarrier Occasional Papers Occasional Paper No. 259 Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their development potential--by reporting the results of the first global study of the comprehensive macroeconomic effects of remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely been overlooked. The main challenge for policymakers in countries that receive significant flows of remittances is to design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these policy prescriptions correct early on is imperative. Globalization and the aging of developed economy populations will ensure that demand for migrant workers remains robust for years to come. Hence, the volume of remittances likely will continue to grow, and with it, the challenge of unlocking the maximum societal benefit from these transfers Online-Ausg Barajas, Adolfo Sonstige oth Chami, Ralph Sonstige oth Cosimano, Thomas F. Sonstige oth Gapen, Michael T. Sonstige oth Montiel, Peter Sonstige oth http://elibrary.imf.org/view/IMF084/04374-9781589067011/04374-9781589067011/04374-9781589067011.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Fullenkamp, Connel Macroeconomic Consequences of Remittances |
title | Macroeconomic Consequences of Remittances |
title_auth | Macroeconomic Consequences of Remittances |
title_exact_search | Macroeconomic Consequences of Remittances |
title_exact_search_txtP | Macroeconomic Consequences of Remittances |
title_full | Macroeconomic Consequences of Remittances Fullenkamp, Connel |
title_fullStr | Macroeconomic Consequences of Remittances Fullenkamp, Connel |
title_full_unstemmed | Macroeconomic Consequences of Remittances Fullenkamp, Connel |
title_short | Macroeconomic Consequences of Remittances |
title_sort | macroeconomic consequences of remittances |
url | http://elibrary.imf.org/view/IMF084/04374-9781589067011/04374-9781589067011/04374-9781589067011.xml |
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