This paper analyzes the link between remittances inflows and nonperforming loans (NPLs) in a large sample of developing … indicate a stronger marginal impact of remittances in a context of high macroeconomic instability, suggesting a significant … effect of remittances on the likelihood of the private sector’s credit default during shocks. These results hold even after …

paper, the size and the sources of remittances to Armenia are first discussed. Then, the appropriate definition of … remittances and subsequently present estimates of the macroeconomic effects of remittances to Armenia are outlined. Remittances …

, the role of remittances in the economy, and the policy response to rapid credit growth. It also analyzes the official … payments. It also provides a framework for analyzing the budgetary impact of remittances in Albania, and examines the …

This Selected Issues paper analyzes the surprising strength of remittances in Bangladesh and other countries in South … Asia and the Philippines in 2009. The empirical analysis suggests that the continued strong growth of remittances in these … of migrant workers from South Asia during 2006–08. The remittances-to-GDP ratio in South Asia and the Philippines are …

world's largest recipient of remittances as a percent of GDP. Remittances constituted about 13 percent of the region's GDP … official remittances to the Caribbean region. The results suggest that there is indeed some evidence for brain drain from the …

Workers' remittances are often argued to have a tendency to move countercyclically with the GDP in recipient countries …' remittances flows into 12 developing countries over their respective business cycles during 1976-2003 and finds that …

The flow of workers' remittances to Pakistan has more than quadrupled in the last eight years and it shows no sign of … conclusions are: (i) the growth in the inflow of workers' remittances to Pakistan is in large part due to an increase in worker … migration; (ii) higher skill levels of migrating workers have helped to boost remittances; (iii) other imporant determinants of …