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remittances. Specifically, using data over 2010-2015 for 72 developing countries, we study the impact of (i) large remittances and … (ii) the geographic concentration of the source of remittances on economic volatilities. Results suggest that while (i …) large remittances can be stabilizing on average, (ii) high remittance concentration from source countries can aggravate …
Persistent link: https://www.econbiz.de/10012831609
, document a significant adverse impact of remittances' volatility on banking and stock market development suggesting that … of remitted funds' volatility and consumption on financial development. Our results, after controlling for endogeneity … volatile remittances do not allow migrants' families to invest in financial products offered by financial institutions and …
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Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...
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This paper analyzes the transmission from global commodity to domestic food prices for a large set of countries. First, a theoretical model is developed to explain price transmission for different trade regimes. Drawing from the competitive storage model under rational expectations, it is shown...
Persistent link: https://www.econbiz.de/10010353578
financial system’s size due to volatility and the associated high real interest rates. The paper shows empirically that export …
Persistent link: https://www.econbiz.de/10010433904