Middle East, North Africa, the Caucasus, and Central Asia. Estimates of export elasticities with respect to trading partner …

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 …

Middle East, North Africa, Caucasus and Central Asia. These countries simultaneously display high unemployment rates, low …

Caucasus and Central Asia countries in 2008. Using a Multiple Indicator-Multiple Cause model, we find that a burdensome tax …

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 …