The assumption that remittances are a substitute for credit has been an implicit or explicit theoretical foundation of … many empirical studies on remittances. This paper directly tests this assumption by comparing the response to health … to health shocks. This finding is consistent with the view that remittances respond to households' demand for financing …

fixed effects logit model show that receiving remittances is strongly correlated with the ownership of savings accounts and …In policy discussions, it has frequently been claimed that migrants' remittances could function as a "catalyst" for … receiver of remittances worldwide. Using the Mexican Family Life Survey panel (MxFLS) for 2002 and 2005, the results from the …

While recent literature has pointed out that migrants ́remittances have a positive impact on savings with financial … reception of remittances facilitates taking up loans from formal or informal sources among Mexican households and finds positive … and statistically significant effects of remittances on borrowing and on the existence of debts. We address methodological …

During a global shock two forces act upon international remittances in opposite directions: income losses among … migrants may reduce their ability to send remittances and, at the same time, migrants' concern for their family's wellbeing may … prompt them to send more remittances back home. Which of these drivers prevail is an empirical matter. We assemble quarterly …