migration and a sharp growth in the remittances-to-gross domestic product (GDP) ratio; in 2011/12 it was about 23%. The … conventional IG explanation highlights the contribution of remittances to household income and poverty reduction. However …, households are spending remittances largely on consumer activities; therefore, this situation is labeled as "short-term" IG …

The study proposes to evaluate the impact of the current financial crisis on remittances received by three South Asian … countries, namely Pakistan, Bangladesh and Sri Lanka. The objective is twofold: to forecast the impact of change in remittances … remittances will be used in a Keynesian framework to assess the impact of remittances on the growth of these countries while at …

expected. Using private credit and remittances as a proportion of gross domestic product as measures of financial … countercyclical and positive relationship with remittances in the short term, but not conclusive in the long term. One explanation for …