Remittances are transfers of money by foreign workers to their home countries. These remittance flows have been … find that indeed remittances play a significant role in stabilizing a country which has defaulted on its sovereign debt … confirm yet another channel through which remittances can have a positive influence on recipient countries' economy since they …

lending. Financial transfers in the form of worker remittances have received less attention in this context. This paper … provides an analysis on the magnitude of remittances, their volatility, and their relationship to other capital flows. Moreover …, we provide empirical evidence on the determinants of remittances and private capital flows. …

economies. The results suggest that remittances and aid flows are associated with increased international risk sharing. Other …