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Migration as a Strategy for Household Finance: A Research Agenda on Remittances, Payments, and Development- Working Paper 354

Clemens, Michael; Ogden, Timothy N. - 2014

It is time to fundamentally reframe the research agenda on remittances, payments, and development. We describe many of … why these questions dominate, the most important of which is that researchers tend to view remittances as states do (as …

Persistent link: https://www.econbiz.de/10010783623

Brain drain, remittances, and fertility

Marchiori, Luca; Pieretti, Patrice; Zou, Benteng - 2008

This paper analyzes the effects of skilled migration and remittances on fertility decisions at origin. We develop an …

Persistent link: https://www.econbiz.de/10010272622

Why Don't Remittances Appear to Affect Growth? - Working Paper 366

Clemens, Michael; McKenzie, David - 2014

While measured remittances by migrant workers have soared in recent years, macroeconomic studies have difficulty … offer evidence that a large majority of the recent rise in measured remittances may be illusory—arising from changes in … remittances is rising migration, which has an opportunity cost to economic product at the origin. Net of that cost, there is …

Persistent link: https://www.econbiz.de/10010783613

Financial openness, policy vs. realized outcomes

Ramsay Bush, Georgia - 2018

This paper examines how the 1990s capital account liberalization policy trend affected international capital flows, and tests a new hypothesis that the depth and efficiency of the domestic financial system impacts the efficacy of capital account policy. The paper exploits a recently published...

Persistent link: https://www.econbiz.de/10012057064

Bank Runs in Emerging-Market Economies: Evidence from Turkey’s Special Finance Houses

Starr, Martha A.; Yilmaz, Rasim - 2006

Recent banking crises in emerging-market countries have renewed debates about deposit insurance. Because insurance erodes banks’ incentives to manage risks prudently, some argue that its elimination would improve bank stability. Yet eliminating insurance could be destabilizing if it recreates...

Persistent link: https://www.econbiz.de/10005162563

Monetary policy transmission in an emerging market setting.

Bhattacharya, Rudrani; Patnaik, Ila; Shah, Ajay - 2011

Some emerging economies have a relatively ineffective monetary policy transmis- sion owing to weaknesses in the domestic financial system and the presence of a large and segmented informal sector. At the same time, small open economies can have a substantial monetary policy transmission through...

Persistent link: https://www.econbiz.de/10008836205

Credit constraints, productivity shocks and consumption volatility in emerging economies.

Bhattacharya, Rudrani; Patnaik, Ila - 2013

How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more volatile than income, indicates that financial reform...

Persistent link: https://www.econbiz.de/10010633790

Fiscal devaluations

Farhi, Emmanuel; Gopinath, Gita; Itskhoki, Oleg - 2012

The authors show that even when the exchange rate cannot be devalued, a small set of conventional fiscal policy instruments can robustly replicate the real allocations attained under a nominal exchange rate devaluation in a standard New Keynesian open economy environment. They perform the...

Persistent link: https://www.econbiz.de/10010343342

The pricing of FX forward contracts: Micro evidence from banks' dollar hedging

Abbassi, Puriya; Bräuning, Falk - 2018

We use transaction-level data on foreign exchange (FX) forward contracts for the period 2014 through 2016 in conjunction with supervisory balance sheet information to study the drivers of banks' dollar hedging costs. Comparing contracts of the same maturity that are initiated during the same...

Persistent link: https://www.econbiz.de/10012059597

The valuation effects of trade

Barbiero, Omar - 2021

This paper estimates the cash flow and real effects of currency mismatches generated by foreign-priced operations of French manufacturers. The value of transactions invoiced in foreign currencies is twice as sensitive to exchange rates as the value of transactions invoiced in the domestic...

Persistent link: https://www.econbiz.de/10012882643