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international migrations by investigating whether the increasingly large flows of workers' remittances can help reduce the … probability of current account reversals. The rationale for this stands in the great stability and low cyclicality of remittances … as compared with other private capital flows: these properties, combined with the fact that remittances are cheap inflows …
Persistent link: https://www.econbiz.de/10012554222
Reverse stress tests can be a useful tool to evaluate bank resilience to a credit shock, especially in environments where financial data are limited or opaque. This paper develops a simple and transparent country-level banking sector resilience indicator that focuses on tail risks, the...
Persistent link: https://www.econbiz.de/10013255528
The authors show that systemic risk exerts a significant impact on the behavior of depositors, sometimes overshadowing their responses to standard bank fundamentals. Systemic risk can affect market discipline both regardless of and through bank fundamentals. First, worsening systemic conditions...
Persistent link: https://www.econbiz.de/10012559876
Confidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated microprudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of asset price booms and busts that preceded the current...
Persistent link: https://www.econbiz.de/10012557977
Bancassurance is the process of using a bank's customer relationships to sell life and non-life insurance products. In some developed countries it has had a dramatic impact on developing sales volumes, attaining market shares in excess of 50 percent in life and more than 10 percent in non-life....
Persistent link: https://www.econbiz.de/10012557080
Macro- and micro-economic evidence suggests a positive role of remittances in preparing households against natural … disasters and in coping with the loss afterwards. Analysis of cross-country macroeconomic data shows that remittances increase … after the 1998 flood. Ethiopian households that receive international remittances seem to rely more on cash reserves and …
Persistent link: https://www.econbiz.de/10012552084
What causes developing countries to receive different levels of international remittances? This paper addresses this … examine the determinants of remittances. The paper finds that the skill composition of migrants does matter in remittance … determination. Countries which export a larger share of high-skilled (educated) migrants receive less per capita remittances than …
Persistent link: https://www.econbiz.de/10012552366
This paper examines the economic impact of international remittances on countries and households in the developing … world. To analyze the country-level impact of remittances, the paper estimates an econometric model based on a new data set … United States, OECD-Europe) are more likely to receive international remittances, and that while the level of poverty in a …
Persistent link: https://www.econbiz.de/10012552567
Workers' remittances to developing countries have become the second largest type of flows after foreign direct … remittances on financial sector development. In particular, they examine whether remittances contribute to increasing the … findings provide strong support for the notion that remittances promote financial development in developing countries. …
Persistent link: https://www.econbiz.de/10012553779
remittances, (2) cost of transferring and delivering remittances, (3) regulatory regime for remittance transactions, and (4 … instruments and financial institutions through which remittances take place is limited. Moreover, only a few countries measure … remittances that take place through informal channels. It also finds that the scope of financial authorities in developing …
Persistent link: https://www.econbiz.de/10012554080