Managing migration has become a priority for policy makers both in developed and developing countries; it is a difficult challenge indeed. Large immigration or emigration flows relative to domestic population’s impact on almost all aspects of an economy and society: family structures,...

This report evaluates the evidence on how migration may promote or hinder development in countries of origin, and explores possible win-win solutions for both sending and receiving countries. The analysis of recent OECD data of foreign-born nationals into Europe documents the presence of...

The central hypothesis of this paper is that both the extent and speed of adjustment of the real exchange rate is affected by the way the central bank manages the nominal exchange rate. Specifically, a large discrete adjustment of the nominal exchange rate is more likely to result in fast...

This paper introduces an imported input into a model of art open economy with developed financial markets, a flexible exchange rate, and some degree of market power on the export side. The model is designed to investigate the impact of an increase in imported input prices on the exchange rate,...

With the major currencies continuously moving (if not floating freely) against each other, a country that does not choose to float must decide what to peg to. If it pegs to the SDR it floats against all currencies. Thus in the system begun in the early 1970s the very concept of a fixed exchange...

La gestion des migrations – problème complexe s’il en est – fait désormais partie des priorités des décideurs, dans les pays développés comme dans les pays en développement. Lorsque les flux migratoires – émigration ou immigration – sont importants pour la population d’un...

L’impact des migrations sur le développement varie selon le profil des migrants, leur destination et la manière dont les pays d’origine s’ajustent à ces départs. Loin de se compenser mutuellement, les migrations et les politiques de développement se complètent. L’impact positif des...

The effects of migration on development depends on who leaves, where they go, and how home countries adjust to their leaving. Migration and development policies are comlements, not substitutes. Smart visa policies, coupled with capacity building at home can maximise the positive impact of migration