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international migration. The first details inflows of migrant workers of 185 nationalities to 10 OECD destinations, disaggregated by …
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documents the recent slowdown in workers' remittances, the money that international immigrants send to their countries of origin … reporting an almost zero percent growth rate of remittances for 2008. Among Latin American countries, Mexico (the largest … recipient of remittances in the region in terms of volume) seems to be the most affected with a decrease of more than US$900 …
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This paper argues that calls for a New Bretton Woods system in the aftermath of the global economic crisis - similar to the remarkable 1944 Bretton Woods conference that led to the establishment of various international economic institutions - are unlikely to be answered. The likely scenario is...
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Yet another rescue plan for the European Monetary Union (EMU) is making its way through central Europe, but no one is foolish enough to believe that it will be enough. Greece's finance minister reportedly said that his nation cannot continue to service its debt, and hinted that a 50 percent...
Persistent link: https://www.econbiz.de/10013119424
The global economy has built a tangled and tortuous financial system model at a pace arduous to manage. After the financial crisis which was widely recognized in 2008, the International Monetary Fund (IMF) made several attempts to create an effective financial system. However, the organization...
Persistent link: https://www.econbiz.de/10013064392
The economic and financial crisis began in 2008 marks the end of an accelerated expansion of globalization. With the World Bank estimating a decline of up to 2 percent, 2009 is likely to be the worst year for the global economy, even developing countries feeling the impact, and China having a...
Persistent link: https://www.econbiz.de/10013070960