This paper assesses the impact of remittances on economic growth for a selected sample of MENA countries over the 1987-2018 period. Using an ARDL model, we investigate the short- and long-run effects of remittances and the channels through which they may impact growth. Estimation outcomes show...

The effectiveness of macro-prudential policies to mitigate credit cycles and reduce capital flow volatility is at the center of policy debates. In this chapter, we investigate the factors which influence the performance of macro-prudential tools by focusing on institutions, financial structure,...