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This article studies the response of Mexico's monetary policy to inflows of workers' remittances. Previous studies have … shown that remittances can have an impact on several macroeconomic variables of the receiving country (e.g. exchange rate …, inflation and output, among others). Mexico has the largest inflow of remittances in Latin America and the second largest inflow …
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staggering amount of remittances outflow of the GCC economies plays a stabilizing role as a tacit monetary policy tool …. Incorporating remittances in the money demand equation results in a more robust model than otherwise. We further find that the …
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. The role of Fed policy for remittances has not yet been studied. We estimate a series of panel local projections for …
Persistent link: https://www.econbiz.de/10012694427
Cross-border payments are inefficient, and technology could play a role in making them better. One means could be through interoperating central bank digital currencies (CBDCs), forming multi-CBDC (mCBDC) arrangements. This paper explores dimensions of payment system interoperability, how they...
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