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 …

which remittances affect economic activity. The empirical evidence does not clearly support the purported short …

Empirical studies that use self-reported data on remittances to measure the latter's impact on microeconomic incentives …-reporting of remittances. After controlling for this, we find a strong negative impact of remittances on incentives to work. …

remittances as well as investment and hours worked by the relative(s). We use data from Armenia to test our predictions regarding … implications of remittances flows on behavior of receiving households. Consistent with our predictions, remittance … benefits of remittances might be overstated and emphasizes the importance of measuring their impact in a general- rather than a …

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 …