There has been little systematic empirical study on the relationship between remittances and growth. This paper … growth. We analyze how a country's capacity to use remittances and its effectiveness in doing so might be influenced by local … remittances can substitute for a lack of financial development and hence promote growth. The empirical analysis shows that …

growth, inequality, and financial stability-all critical considerations when policies are designed. A case study for Jamaica …

This paper explores the relationship between remittances and financial inclusion for a sample of 187 countries over the … period 2004-2015, using cross-country as well as dynamic panel GMM regressions. At low levels of remittances-to-GDP, these …

This paper adds international migration and remittances into the IMF's Flexible System of Global Models (FSGM). FSGM is … dynamics of major remitter regions is proposed. The dynamics of remittances and migration in FSGM are calibrated to be …

This paper discusses migration and remittances trends, and calculates the natural (or benchmark) level of dollarization … remittances due to the economic slowdown since the spread of COVID-19 affects the macroeconomic fundamentals that determine demand …

resources and productivity seems to outweigh growth gains from remittances, notably for the Caribbean. However, given emigration … remittances to LAC, as well as their costs and benefits. For the home country, the negative impact from emigration on labor …

The poverty-reducing effects of remittances have been well-documented, however, their effects on inequality are less … clear. This paper examines the impact of remittances on inequality in Mexico using household-level information on the … receiving side. It hopes to speak to their insurance role by examining how remittances are affected by domestic and external …

In contrast to expectations, remittances to Central America and the Caribbean (CAC) surprised positively during 2020 … and 2021. This study revisits the key macro indicators driving remittances, looks at the heterogeneous impacts of the …

remittances to CAPDR and Mexico during the pre-pandemic period. However, they fail to predict the sustained growth in remittances … sectors were CAPDR and Mexican migrants preponderantly work, play in explaining aggregate remittances growth … since June 2020, including the significant increase in the average amount remitted. Using data from over 300 remittances …