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Determinants of emigrant deposits in Cape Verde /
In the last decade Cape Verde has experienced a strong accumulation of emigrant deposits. These deposits have provided much needed foreign exchange to the country, adding support to the exchange rate peg. This paper studies the long-run determinants of emigrant deposits with respect to risk, wealth,...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.?] :
International Monetary Fund,
©2006.
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| Colección: | IMF working paper ;
WP/06/132. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | In the last decade Cape Verde has experienced a strong accumulation of emigrant deposits. These deposits have provided much needed foreign exchange to the country, adding support to the exchange rate peg. This paper studies the long-run determinants of emigrant deposits with respect to risk, wealth, and return variables, isolating speculative and altruistic motives underlying the accumulation of flows. The study suggests that the temporary character of recent emigration is responsible for the rise in the share of flows driven by altruism. Finally, the paper discusses policy implications in light of the empirical findings and the recent literature on this topic. |
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| Descripción Física: | 1 online resource (26 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 15-16). |
| ISBN: | 1283513609 9781283513609 9781451990287 1451990286 |