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-political instability once fiscal policy and remittances have been accounted for. It focuses on import prices to reflect the vulnerability … and income per capita. On the other hand, while remittances seem to dampen the adverse effect of import food price shocks …
Persistent link: https://www.econbiz.de/10013252035
remittances. Specifically, using data over 2010-2015 for 72 developing countries, we study the impact of (i) large remittances and … (ii) the geographic concentration of the source of remittances on economic volatilities. Results suggest that while (i …) large remittances can be stabilizing on average, (ii) high remittance concentration from source countries can aggravate …
Persistent link: https://www.econbiz.de/10012831609
We present cross-country evidence on the impact of remittances on labor market outcomes.Remittances appear to have a … in size than those offoreign direct investment or offcial development aid. On the supply side, remittances reducelabor … significantly different sensitivities to remittances. On the demandside, remittances reduce overall unemployment but benefit mostly …
Persistent link: https://www.econbiz.de/10012913942
undermine the effect of Foreign Direct Investment (FDI), official development assistance (ODA) and migrants’ remittances on … economic expansion. Based on neoclassical growth framework, the theoretical model indicates that FDI, ODA, and remittances …
Persistent link: https://www.econbiz.de/10013306770
Financially closed economies insure themselves against current-account shocks using international reserves. We characterize the optimal management of reserves using an open-economy model of precautionary savings and emphasize several results. First, the welfare-based opportunity cost of reserves...
Persistent link: https://www.econbiz.de/10012977747
-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study … analysis suggests that measures of openness and spillovers could be enhanced by accounting for the role of the remittances …
Persistent link: https://www.econbiz.de/10013098276
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 …
Persistent link: https://www.econbiz.de/10012960582
We review the debate on the association of financial globalization with inequality. We show that the within-country distributional impact of capital account liberalization is context specific and that different types of flows have different distributional effects. Their overall impact depends on...
Persistent link: https://www.econbiz.de/10013243076
. Transmission takes place through the Russian and EU economies, remittances, and external borrowing. The role of exports and tourism …, through stronger remittances and exports. Services and construction, which depend significantly on remittances and external …
Persistent link: https://www.econbiz.de/10012999760
This paper develops new error assessment methods to evaluate the performance of debt sustainability analyses (DSAs) for low-income countries (LICs) from 2005-2015. We find some evidence of a bias towards optimism for public and external debt projections, which was most appreciable for LICs with...
Persistent link: https://www.econbiz.de/10012942354