In this paper we examine how remittances relate to the exchange rate, natural disasters and foreign aid in developing economies. By using panel VAR methods we are able to compensate for both data limitations and endogeneity among variables. We find that while foreign aid tends to appreciate the...

Intro -- Contents -- Acknowledgments -- 1 Migration and Remittances -- 2 International Migration and Economic Development in Low-Income Countries -- 3 The Effect of International Migration on Educated Unemployment -- 4 How Does Migration Affect Local Development? -- 5 Remittance Patterns of...

Remittances have risen spectacularly in absolute terms and in relation to traditional sources of foreign exchange, such as export revenues. Remittances can improve the well-being of family members left behind and boost growth rates of receiving economies. They can also create a culture of...