Abdih, Yasser; Chami, Ralph; Ebeke, Christian; Barajas, … - International Monetary Fund (IMF) - 2012
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 … procyclical vis-à-vis sending country income. Second, remittances tend to be spent on consumption of both imported and …