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remittances. Specifically, using data over 2010-2015 for 72 developing countries, we study the impact of (i) large remittances and … (ii) the geographic concentration of the source of remittances on economic volatilities. Results suggest that while (i …) large remittances can be stabilizing on average, (ii) high remittance concentration from source countries can aggravate …
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, document a significant adverse impact of remittances' volatility on banking and stock market development suggesting that … of remitted funds' volatility and consumption on financial development. Our results, after controlling for endogeneity … volatile remittances do not allow migrants' families to invest in financial products offered by financial institutions and …
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