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Bilateral Financial Linkages and Global Imbalances; A Viewon the Eve of the Financial Crisis

Milesi-Ferretti, Gian-Maria; Tamirisa, Natalia T.; … - International Monetary Fund (IMF) - 2010

We present a novel and comprehensive dataset of bilateral gross and net external positions in various financial instruments for the main advanced and emerging economies and regions, designed to improve our understanding of cross-border financial linkages. The data show no strong correspondence...

Persistent link: https://www.econbiz.de/10008727789

Emigration and Brain Drain; Evidence From the Caribbean

Mishra, Prachi - International Monetary Fund (IMF) - 2006

This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and … migration rates are particularly striking for the highskilled. Many countries have lost more than 70 percent of their labor … in 2002. Simple welfare calculations suggest that the losses due to high-skill migration (ceteris paribus) outweigh the …

Persistent link: https://www.econbiz.de/10005248304

Do the Gulf Oil-Producing Countries Influence Regional Growth? T+L3886he Impact of Financial and Remittance Flows

Ilahi, Nadeem; Shendy, Riham - International Monetary Fund (IMF) - 2008

This paper tests the association between the Gulf Cooperation Council (GCC) countries' financial and remittance outflows and regional growth in the Middle East. The findings, based on 35-year panel data, indicate that growth rates of real GDP, private consumption and private investment in...

Persistent link: https://www.econbiz.de/10005263780

Business Cycles and Workers' Remittances; How Do Migrant Workers Respond to Cyclical Movements of GDP At Home?

Sayan, Serdar - International Monetary Fund (IMF) - 2006

Workers' remittances are often argued to have a tendency to move countercyclically with the GDP in recipient countries since migrant workers are expected to remit more during down cycles of economic activity back home. Yet, how much to remit is a complex decision involving other factors, and...

Persistent link: https://www.econbiz.de/10005263962

Regional Convergence and the Role of Federal Transfers in Canada

Swagel, Phillip; Dunaway, Steven Vincent; Kaufman, … - International Monetary Fund (IMF) - 2003

significant negative effect on output convergence?by discouraging migration within Canada?the Equalization transfers may have …

Persistent link: https://www.econbiz.de/10005264150

A Model of Multiple Equilibria in Geographic Labor Mobility

Ubeda, Luis; Spilimbergo, Antonio - International Monetary Fund (IMF) - 2002

migration patterns in response to local economic shocks. This approach explains the different behaviors of workers in different …

Persistent link: https://www.econbiz.de/10005264165

Are Foreign Aid and Remittance Inflows a Hedge Against Food Price Shocks?

International Monetary Fund (IMF); International … - 2012

This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specifications, the econometric results yield two important findings. First, remittance and aid...

Persistent link: https://www.econbiz.de/10009654140

Remittances in Pakistan; Why have they gone up, and why Aren't they coming down?

Sun, Yan; Kock, Udo - International Monetary Fund (IMF) - 2011

migration; (ii) higher skill levels of migrating workers have helped to boost remittances; (iii) other imporant determinants of …

Persistent link: https://www.econbiz.de/10009293774

Do Remittances Reduce Aid Dependency?

Goff, Maelan Le; Kpodar, Kangni - International Monetary Fund (IMF) - 2011

Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remittances affect aid flows, and how this relationship varies depending on the channel...

Persistent link: https://www.econbiz.de/10009369450

Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa

Singh, Raju Jan; Lee, Kyung-woo; Haacker, Markus - International Monetary Fund (IMF) - 2009

The paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa, assembling the most comprehensive dataset available so far on remittances in the region and incorporating data on the diaspora. It finds that remittances are larger for countries with a...

Persistent link: https://www.econbiz.de/10008559274