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The paper explored (1) the impact of remittances on financial development and (2) whether the interaction between … remittances and human capital development had an influence on financial development in transitional economies using the dynamic … GMM approach, with data ranging from 1996 to 2014. Remittances were found to have had a non-significant positive influence …
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volatility is increased by trade openness and inflation, but remittances have a mixed effect. In order to benefit from financial …
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