By putting together a relatively large data set on bilateral remittances of emigrants, this paper is able to shed light … on the important hypothesis of smoothing. The smoothing hypothesis is that remittances are countercyclical with respect … affirmation of smoothing is important for two reasons. First, it suggests that remittances should be placed on the list of …

-country savings does not affect remittances sent home by migrants …

remittances by workers deployed overseas. The main benefit of the phenomenon is an easing of the fiscal burden arising from the …

the world continents. The migrants’ remittances have contributed greatly to GNP and foreign exchange earnings averaging 6 …