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Worker's remittances : an overlooked channel of international business cycle transmission? /
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...
| Call Number: | Libro Electrónico |
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| Corporate Author: | |
| Other Authors: | |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
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| Series: | IMF working paper ;
WP/12/251. |
| Subjects: | |
| Online Access: | Texto completo |
| Summary: | 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. |
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| Item Description: | Title from PDF title page (IMF Web site, viewed Oct. 25, 2012). "Middle East and Central Asia Department." "October 2012." |
| Physical Description: | 1 online resource (25 pages). |
| Bibliography: | Includes bibliographical references. |
| ISBN: | 9781475563764 1475563760 9781475599886 1475599889 |