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| Author | : Manuel Orozco |
| Publisher | : BID-INTAL |
| Total Pages | : 48 |
| Release | : 2006 |
| Genre | : |
| ISBN | : 9507382526 |
| Author | : J. Ernesto López Córdova |
| Publisher | : BID-INTAL |
| Total Pages | : 54 |
| Release | : 2006 |
| Genre | : Economic development |
| ISBN | : 9507382402 |
In this paper we survey the recent literature assessing the development impact of international migrant remittances. We begin by arguing that international migration should be fully incorporated in ongoing debates on the impact of globalization. We show that, despite methodological challenges, there is an emerging body of evidence suggesting that migrant remittances can have an important impact on development and household welfare. Remittances appear to help in poverty reduction, accumulation of human capital, investment and saving. Finally, we offer an account of existing policies and recommendations to facilitate remittance flows and to take advantage of their developmental potential.
| Author | : Catalina Amuedo Dorantes |
| Publisher | : BID-INTAL |
| Total Pages | : 42 |
| Release | : 2007 |
| Genre | : |
| ISBN | : 9507382569 |
| Author | : Christopher Woodruff |
| Publisher | : BID-INTAL |
| Total Pages | : 42 |
| Release | : 2007 |
| Genre | : |
| ISBN | : 9507382577 |
| Author | : Rafael Cornejo |
| Publisher | : BID-INTAL |
| Total Pages | : 58 |
| Release | : 2007 |
| Genre | : |
| ISBN | : 9507382704 |
| Author | : Rachel Elizabeth Kendrick Fedewa |
| Publisher | : |
| Total Pages | : 190 |
| Release | : 2005 |
| Genre | : |
| ISBN | : |
| Author | : Mr. Kangni R Kpodar |
| Publisher | : International Monetary Fund |
| Total Pages | : 35 |
| Release | : 2021-07-16 |
| Genre | : Business & Economics |
| ISBN | : 1513578456 |
This paper provides an early assessment of the dynamics and drivers of remittances during the COVID-19 pandemic, using a newly compiled monthly remittance dataset for a sample of 52 countries, of which 16 countries with bilateral remittance data. The paper documents a strong resilience in remittance flows, notwithstanding an unprecedent global recession triggered by the pandemic. Using the local projection approach to estimate the impulse response functions of remittance flows during Jan 2020-Dec 2020, the paper provides evidence that: (i) remittances responded positively to COVID-19 infection rates in migrant home countries, underscoring its role as an important automatic stabilizer; (ii) stricter containment measures have the unintended consequence of dampening remittances; and (iii) a shift from informal to formal remittance channels due to travel restrictions appears to have also played a role in the surge in formal remittances. Lastly, the size of the fiscal stimulus in host countries is positively associated with remittances as the fiscal response cushions the economic impact of the pandemic.
| Author | : Paola Giuliano |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2005 |
| Genre | : Capital movements |
| ISBN | : |
"Despite the increasing importance of remittances in total international capital flows, the relationship between remittances and growth has not been adequately studied. This paper studies one of the links between remittances and growth, in particular how local financial sector development influences a country's capacity to take advantage of remittances Using a newly-constructed dataset for remittances covering about 100 developing countries, we find that remittances boost growth in countries with less developed financial systems by providing an alternative way to finance investment and helping overcome liquidity constraints. The study also explores some common myths about remittances and suggests that they are predominantly profit-driven and mostly pro-cyclical"--Forschungsinstitut zur Zukunft der Arbeit web site.
| Author | : Reena Aggarwal |
| Publisher | : |
| Total Pages | : 40 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
Workers' remittances to developing countries have become the second largest type of flows after foreign direct investment. The authors use data on workers' remittance flows to 99 developing countries from 1975-2003 to study the impact of remittances on financial sector development. In particular, they examine whether remittances contribute to increasing the aggregate level of deposits and credit intermediated by the local banking sector. This is an important question considering the extensive literature that has documented the growth-enhancing and poverty-reducing effects of financial development. The findings provide strong support for the notion that remittances promote financial development in developing countries.
| Author | : Isaku Endo |
| Publisher | : World Bank Publications |
| Total Pages | : 99 |
| Release | : 2010-03-12 |
| Genre | : Technology & Engineering |
| ISBN | : 0821381466 |
This paper provides an overview of remittances and migration between Honduras and the United States and analyzes the remittance regulatory and market environment, including financial inclusion strategies, transnational economic activities, and the impact of remittances on the Honduran economy. 'The U.S.-Honduras Remittance Corridor' makes policy recommendations to the authorities of Honduras and the United States, especially for regulatory reforms that promote the integrity and efficiency of money transfer businesses. We also recommend the development of financial infrastructures in rural areas for better distribution of remittances. Furthermore, we suggest that public policy should be more focused on building an environment for investment in the community and developing local businesses that export to Honduran communities abroad.
