Chami, Ralph; Fullenkamp, Connel; Jahjah, Samir - In: IMF Staff Papers 52 (2005) 1, pp. 55-81
There is a general presumption in the literature and among policymakers that immigrant remittances play the same role in economic development as foreign direct investment and other capital flows, but this is an open question. We develop a model of remittances based on the economics of the family...