Abdih, Yasser; Chami, Ralph; Ebeke, Christian; Barajas, … - International Monetary Fund (IMF) - 2012
domestically produced goods, rather than on investment. Third, shocks in the sending countries are transmitted via remittances to …This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance … Middle East, North Africa, and Central Asia, three types of results emerge. First, remittances appear to be strongly …