That remittances are a stable source of external finance seems to have become the received wisdom. In addition, many … studies have found remittances to behave counter-cyclically, increasing during crises and times of hardship for the recipient … countries. Are remittances reliable macroeconomic stabilizers? To answer this question, the present study examines the stability …

by the global financial crisis, principally through reductions in remittances, aid flows and FDI. It argues that the …

This chapter discusses the role of personal remittances and Foreign Direct Investment (FDI) as forms of international … private aid. We argue that remittances and FDIs are not only the most prevalent forms of private aid, but also the most …. Globalization has increased the flow of remittances and FDI from developed to developing economies. The increased flow of funds …