This paper analyzes the link between remittances inflows and nonperforming loans (NPLs) in a large sample of developing … countries. Theoretical transmission channels include risk coping, exchange rate and growth impacts. Panel data estimates uncover … indicate a stronger marginal impact of remittances in a context of high macroeconomic instability, suggesting a significant …

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 …The Selected Issues paper analyzes the determinants of growth in Albania, the macroeconomic underpinnings for growth … payments. It also provides a framework for analyzing the budgetary impact of remittances in Albania, and examines the …

financial channels. Weaker global growth hurts demand for Philippine exports, which in turn affects consumption and investment …

Asia and the Philippines in 2009. The empirical analysis suggests that the continued strong growth of remittances in these …This Selected Issues paper analyzes the surprising strength of remittances in Bangladesh and other countries in South … countries is related to the resilience of non-oil GDP growth in the GCC countries and the surge in the GCC countries’ hiring …

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 …

outflows and regional growth in the Middle East. The findings, based on 35-year panel data, indicate that growth rates of real …, growth in regional countries is not influenced by growth in the North, and is not export led. Linkages with the GCC could … help sustain output growth in the regional countries in the face of the global economic slowdown and oil price shocks and …

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 …

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