Showing 1 - 10 of 882
Persistent link: https://www.econbiz.de/10012198112
We argue that a higher share of the private sector in a country's external debt raises the incentive to stabilize the exchange rate. We present a simple model in which exchange rate volatility does not affect agents' welfare if all the debt is incurred by the government. Once we introduce...
Persistent link: https://www.econbiz.de/10011430071
We argue that a higher share of the private sector in a country's external debt raises the incentive to stabilize the exchange rate. We present a simple model in which exchange rate volatility does not affect agents' welfare if all the debt is incurred by the government. Once we introduce...
Persistent link: https://www.econbiz.de/10010299851
This paper analyses the choices of exchange rate regimes in developing countries since 1980. Static and dynamic random-effects multinominal panel models are estimated using simulation-based techniques. Explanatory variables include OCA fundamentals, stabilization considerations, currency crises...
Persistent link: https://www.econbiz.de/10010301232
Official and four alternative regime classification schemes based on observed exchange rate behaviour are used to examine the relationship with inflation and growth in developing countries. For an identical sample of observations from 73 countries for 1984-2001, only the scheme based on parallel...
Persistent link: https://www.econbiz.de/10010319093
We argue that a higher share of the private sector in a country's external debt raises the incentive to stabilize the exchange rate. We present a simple model in which exchange rate volatility does not affect agents' welfare if all the debt is incurred by the government. Once we introduce...
Persistent link: https://www.econbiz.de/10008759073
The growth in the number and in the size of remittances and the stability of these monetary transfers have made them a …
Persistent link: https://www.econbiz.de/10011433778
Migrants' remittances to developing countries have increased in recent decades, partly due to reduced transactions … explanation. Despite the difficulties female migrants encounter in the labor market, their total remittances may be higher and …
Persistent link: https://www.econbiz.de/10011434036
This paper shows that trade and emigration of skilled workers from a poor country is complementary but that between trade and emigration of unskilled workers is a substitute. The asymmetric effect of more openness to trade on the local wages seems to be crucial in driving such results. The...
Persistent link: https://www.econbiz.de/10012098854
In the past twenty years the ever-growing levels of migrants' remittances made state agencies, international … organizations, scholars and practitioners to increasingly consider remittances as one of the main engines to promote globalization … effects and uses of migrant remittances. Furthermore, using different case studies from Europe and Asia, the paper addresses …
Persistent link: https://www.econbiz.de/10011388130