Rahman, Matiur; Foshee, Andrew; Mustafa, Muhammad - In: Journal of Developing Areas 47 (2013) 1, pp. 63-74
This paper studies the long-run and short-run dynamics between emigrants’ nominal inbound remittances in U.S. dollar term to Mexico and the Peso-Dollar nominal exchange rates. Relatively high frequency monthly data from January 1987 through December 2008 are employed. Given the comparatively...