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Will capital controls enhance macroeconomic stability? How will the results be influenced by the exchange rate regime and monetary policy reaction? Are the consequences of policy decisions involving capital controls easily predictable, or more complicated than may have been anticipated? We will...
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This chapter reviews the recent theoretical and empirical economic literature on migrants' remittances. It is divided … between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the … timing of remittances. The results from selected empirical studies show that a mixture of individualistic and familial …
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