Higgins, Matthew; Hysenbegasi, Alketa; Pozo, Susan - In: Applied Financial Economics 14 (2004) 6, pp. 403-411
A panel of nine Western Hemisphere nations is employed to test the proposition that the remittances of immigrants respond to risk variables, in particular to exchange-rate uncertainty. To estimate annual exchange-rate uncertainty, a nonparametric estimator based on monthly exchange rate returns...