that demand for migrant workers remains robust for years to come. Hence, the volume of remittances likely will continue to …Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have … interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their …

The role of remittances in development and economic growth is not well understood. This is partly because the … literatures on the causes and effects of remittances remain separate. We develop a framework that links the motivation for … remittances with their effect on economic activity. Because remittances take place under asymmetric information and economic …

This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance …-sending countries, to the public finances of remittance-receiving countries. Using panel data for remittance-receiving countries in the … Middle East, North Africa, and Central Asia, three types of results emerge. First, remittances appear to be strongly …

This Selected Issues paper on Samoa reports that remittances are the main source of foreign exchange to the Samoan … economy. In addition to remittances, travel credits also play an important role in the economy. Official transfers are also … significant, and should remain an important source of balance-of-payments support over the medium term. Remittances are relatively …

increase in migration and total earnings of the migrants. Remittances are also affected by the economic environment in source …Remittances to India have been growing rapidly since 1991, making it one of the largest recipients of remittances. This … paper analyzes the determinants of remittances to India and finds that their growth over time can be explained by the …

This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions … remittances from 103 Italian provinces to 107 developing countries over the period 2005-2011. We find that remittances are … as natural disasters or large declines in the terms of trade. Remittances are positively correlated with economic …

This paper shows that remittance flows significantly increase the business cycle synchronization between remittance …-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study … demonstrates that this effect is robust and causal. Moreover, the econometric analysis reveals that remittance flows are more …

We estimate a vector error correction (VEC) model for Sri Lanka to determine the response of remittance receipts to … macroeconomic shocks. This is the first attempt of its kind in the literature. We find that remittance receipts are procyclical and … decline when the island's currency weakens, undermining their usefulness as shock absorber. On the other hand, remittances …

remittance inflows. The main result is that inclusion of remittances into the traditional debt sustainability analysis alters the …We investigate the impact of remittances on public debt sustainability and detail how the traditional debt-to-GDP ratio …