This paper examines the impacts of U.S. conventional and unconventional monetary policy announcements on the volatility of six exchange rates, namely Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, and Swiss franc against the U.S. dollar. Narrow windows around policy...

Remittances have risen spectacularly in absolute terms and in relation to traditional sources of foreign exchange, such as export revenues. Remittances can improve the well-being of family members left behind and boost growth rates of receiving economies. They can also create a culture of...

Over the past decade, a number of federal and state policies intended to stem the flow of illegal immigration have been implemented. In this paper, we focus on two initiatives: (a) Operation Streamline, as an example of increased border enforcement by the federal government, and (b) state-level...

The paper documents the economic development strategies pursued by the Dominican Republic. The study argues that the country's success results from the implementation of a three-pronged economic development strategy. The first prong relates to diversifying production and the second to developing...

Using a recent Spanish database, we show that remittances respond to cross country differences in portfolio values. This behavior suggests that immigrants are sophisticated economic optimizers who take advantage of opportunities to invest trans-nationally given the networks that immigrants are...

In this paper we examine how remittances relate to the exchange rate, natural disasters and foreign aid in developing economies. By using panel VAR methods we are able to compensate for both data limitations and endogeneity among variables. We find that while foreign aid tends to appreciate the...