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Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how...
Persistent link: https://www.econbiz.de/10010790498
This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS). The paper focuses on cross-border mobility of labor and examines the implications for policymakers with the help of a general equilibrium model. It finds that cross-border labor...
Persistent link: https://www.econbiz.de/10005825900
Over the past two years, ongoing political transitions in many Arab countries have led to social unrest and an economic downturn. This paper examines comparable historical episodes of political instability to derive implications for the near- and medium-term economic outlook in the Arab...
Persistent link: https://www.econbiz.de/10011242232
economic challenges. For a number of years Egypt has suffered from low and non-inclusive growth and from high unemployment … evidenced by loss of foreign exchange reserves. In 2014, Egypt adopted a new constitution and elected a new president who was …€“80 percent in July 2014. They have also begun the reforms needed to raise tax revenue and to make Egypt a more attractive …
Persistent link: https://www.econbiz.de/10011242617
covering 1989–2004 for banks in Egypt, Jordan, Lebanon, Morocco, and Tunisia. The results provide clear support for a …
Persistent link: https://www.econbiz.de/10011142023
This paper investigates macro-financial linkages in Egypt using two complementary methods, assessing the interaction …
Persistent link: https://www.econbiz.de/10011142052
Since the onset of the Arab Spring, economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen (Arab …
Persistent link: https://www.econbiz.de/10011142081
This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The...
Persistent link: https://www.econbiz.de/10011244170
Persistent link: https://www.econbiz.de/10011244432
This 2007 Article IV Consultation highlights that Tonga’s real GDP growth is estimated to turn negative in FY06/07, declining by 3½ percent. The economy will continue to be subject to uncertainty and shocks. While economic growth should return to positive, albeit low, levels in the...
Persistent link: https://www.econbiz.de/10011244772