Hakura, Dalia; Chami, Ralph; Montiel, Peter - International Monetary Fund (IMF) - 2009
effect on these economies. The paper estimates the impact of remittances on output stability for countries that are dependent … find robust evidence that remittances have a negative effect on output growth volatility of recipient countries. This … result supports the notion that remittance flows are a stabilizing influence on output. Thus, the fall in remittances …