De, Supriyo; Islamaj, Ergys; Kose, M. Ayhan; Yousefi, … - 2016
This paper examines the behavior of remittances over the business cycle and their potential to act as a stabilizer … remittances depends on the motives to remit. Second, remittances are less volatile than other foreign currency flows but do not … appear to systemically co-move with business cycle fluctuations. Third, remittances are relatively stable even during …