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Determinants of workers’ remittances: evidence from the European Neighbouring Region
Schiopu, Ioana; Siegfried, Nikolaus - 2006
Workers’ remittances have become the second largest source of net financial flows to developing countries. However, the … main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus … investment motive. Finally, migrants’ skills raise remittances, while a large informal economy in the sending country depresses …
Persistent link: https://www.econbiz.de/10011604734
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Migrants' Choice of Remittance Channel : Do General Payment Habits Play a Role?
Kosse, Anneke - 2014
habits: migrants who regularly use internet banking for other purposes are more likely to use bank services for remittances …
Persistent link: https://www.econbiz.de/10013054673
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Determinants of Workers' Remittances : Evidence from the European Neighbouring Region
Schiopu, Ioana C.; Siegfried, Nikolaus - 2021
Workers' remittances have become the second largest source of net financial flows to developing countries. However, the … main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus … investment motive. Finally, migrants' skills raise remittances, while a large informal economy in the sending country depresses …
Persistent link: https://www.econbiz.de/10013317412
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What is Global Excess Liquidity, and Does it Matter?
Rueffer, Rasmus; Stracca, Livio - 2021
This paper endeavours to provide a comprehensive analysis of the nature and the possible importance of "global excess liquidity," a concept which has attracted considerable attention in recent years. The contribution of this paper is threefold. First, we present some conceptual discussion on the...
Persistent link: https://www.econbiz.de/10013317361
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The European Monetary Union as a commitment device for new EU member states
Ravenna, Federico - 2005
This paper shows that the credibility gain from permanently committing to a fixed exchange rate by joining the European Monetary Union can outweigh the loss from giving up independent monetary policy. When the central bank enjoys only limited credibility a pegged exchange rate regime yields a...
Persistent link: https://www.econbiz.de/10011604562
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Openness and Optimal Monetary Policy
Lombardo, Giovanni - 2010
We show that the composition of imports has important implications for the optimal volatility of the exchange rate. Using input-output data for 25 countries we document substantial differences in the import and non-tradable content of final demand components, and in the role played by imported...
Persistent link: https://www.econbiz.de/10013135279
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Financial Frictions and Optimal Monetary Policy in an Open Economy
Kolasa, Marcin - 2011
A growing number of papers have studied positive and normative implications of financial frictions in DSGE models. We contribute to this literature by studying the welfare-based monetary policy in a two-country model characterized by financial frictions, alongside a number of key features, like...
Persistent link: https://www.econbiz.de/10013125365
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The International Dimension of Confidence Shocks
Dees, Stephane - 2014
Building on Beaudry, Nam and Wang (2011) - hereafter BNW -, we use survey data on consumer sentiment in order to identify the causal effects of confidence shocks on real economic activity in a selection of advanced economies. Starting from a set of closed-economy VAR models, we show that these...
Persistent link: https://www.econbiz.de/10013055735
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Time-Consistent Monetary Policy, Terms of Trade Manipulation and Welfare in Open Economies
Schmidt, Sebastian - 2018
A key insight from the open economy literature is that domestic price stability is in general not optimal for countries that exert some market power over their terms of trade. Under commitment, a national benevolent monetary policymaker improves upon the allocation associated with stable...
Persistent link: https://www.econbiz.de/10012928183
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Inflation Volatility in Small and Large Advanced Open Economies
Balatti, Mirco - 2020
Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often overlooked in the literature. This paper compares inflation volatility among advanced open economies with inflation targeting monetary policy frameworks. The results of the...
Persistent link: https://www.econbiz.de/10012827759