Class 17 Lecture notes (to be posted after class)
... • A lifeline for poor countries • A sizeable share of GDP • >15% of GDP for: – El Salvador – Haiti – Honduras – Jordan • >5% of GDP for 42 countries in 2004. • Global flows: $318 billion in 2007 • > other important external financial sources (ODA, bank lending, private investment) ...
... • A lifeline for poor countries • A sizeable share of GDP • >15% of GDP for: – El Salvador – Haiti – Honduras – Jordan • >5% of GDP for 42 countries in 2004. • Global flows: $318 billion in 2007 • > other important external financial sources (ODA, bank lending, private investment) ...
Key Issues in Recording of Remittances in the Balance of Payments
... Developed the new and improved definitions Introduced several new supplementary items to the BOP framework Expanded definition of remittance-related to meet users’ needs The TSG reported its proposals to BOPCOM and the AEG ...
... Developed the new and improved definitions Introduced several new supplementary items to the BOP framework Expanded definition of remittance-related to meet users’ needs The TSG reported its proposals to BOPCOM and the AEG ...
Remittances and Development: World Bank approach
... A survey conducted in Indonesia among the migrant worker and the migrant worker’s household. The study finds strong and statistically significant impacts of financial literacy training given to both the migrant and her family on savings behaviors and outcomes, in contrast to much of the existing lit ...
... A survey conducted in Indonesia among the migrant worker and the migrant worker’s household. The study finds strong and statistically significant impacts of financial literacy training given to both the migrant and her family on savings behaviors and outcomes, in contrast to much of the existing lit ...
Opening Session
... Policy tools include unilateral (improving domestic regulatory environment), bilateral (between partner countries) and multilateral (mainly through international organizations). ...
... Policy tools include unilateral (improving domestic regulatory environment), bilateral (between partner countries) and multilateral (mainly through international organizations). ...
Remittances Disadvantage Aff
... remittance inflows, comparative competitiveness of the traded and non-traded good sector, and long-term economic development via ‘Dutch Disease’ effects.119 If ‘Dutch Disease’ is found to be present, it could indicate that the shortterm effects of remittance inflows may come at the expense of reduce ...
... remittance inflows, comparative competitiveness of the traded and non-traded good sector, and long-term economic development via ‘Dutch Disease’ effects.119 If ‘Dutch Disease’ is found to be present, it could indicate that the shortterm effects of remittance inflows may come at the expense of reduce ...
Remittances Disadvantage Aff
... remittance inflows, comparative competitiveness of the traded and non-traded good sector, and long-term economic development via ‘Dutch Disease’ effects.119 If ‘Dutch Disease’ is found to be present, it could indicate that the shortterm effects of remittance inflows may come at the expense of reduce ...
... remittance inflows, comparative competitiveness of the traded and non-traded good sector, and long-term economic development via ‘Dutch Disease’ effects.119 If ‘Dutch Disease’ is found to be present, it could indicate that the shortterm effects of remittance inflows may come at the expense of reduce ...
The Continued Growth of Family Remittances to Latin America and
... This growth can occur through increases in transactions and/or increases in the average amount remitted. Our statistical analysis of monthly flows between 2010 and July 2015 shows that the increase is predominantly explained by changes in the number of transactions, rather than the average amount re ...
... This growth can occur through increases in transactions and/or increases in the average amount remitted. Our statistical analysis of monthly flows between 2010 and July 2015 shows that the increase is predominantly explained by changes in the number of transactions, rather than the average amount re ...
Sources of Dutch Disease: Evidence from Transition Economies
... Eastern Europe and the former Soviet Union (EE-FSU) have all received large inflows of foreign currency, in the form of either aid, remittances, FDI, portfolio inflows or revenues from exports of oil minerals and metals . •On one hand these currency inflows could have raised investment and encourage ...
... Eastern Europe and the former Soviet Union (EE-FSU) have all received large inflows of foreign currency, in the form of either aid, remittances, FDI, portfolio inflows or revenues from exports of oil minerals and metals . •On one hand these currency inflows could have raised investment and encourage ...
Prospects for Monetary Union in Southern Africa
... Some Italian politicians today would like to, but can’t, legally or economically. Good? ...
... Some Italian politicians today would like to, but can’t, legally or economically. Good? ...
Remittances in Armenia
... During the crisis, the fall in remittances from Russia was also larger, at 36 percent in 2009, compared to a 25 percent increase in the US. (Figure 815) Going forward, the procyclical nature of remittances during the last cycle is likely to continue, but will not necessarily be a dominant feature go ...
... During the crisis, the fall in remittances from Russia was also larger, at 36 percent in 2009, compared to a 25 percent increase in the US. (Figure 815) Going forward, the procyclical nature of remittances during the last cycle is likely to continue, but will not necessarily be a dominant feature go ...
Macroeconomic Determinants of Remittances in South Asian
... In addition to microeconomic and macroeconomic factors, remittance inflows are motivated by the following factors. First, remittances may be motivated by altruism. Altruism as defined in the Cambridge University Press Dictionary Online is ‘willingness to do things which benefit other people, even if ...
... In addition to microeconomic and macroeconomic factors, remittance inflows are motivated by the following factors. First, remittances may be motivated by altruism. Altruism as defined in the Cambridge University Press Dictionary Online is ‘willingness to do things which benefit other people, even if ...
Document
... • 2009, global IT spending expected to decline by 4.7 % • largest dip in IT budgets, likely in professional, telecom, technology at 10 %, manufacturing at 8 %, utilities and financial services - 4 % • However longer term perspective, resillience and recovery • NASSCOM estimates crisis impact in 2009 ...
... • 2009, global IT spending expected to decline by 4.7 % • largest dip in IT budgets, likely in professional, telecom, technology at 10 %, manufacturing at 8 %, utilities and financial services - 4 % • However longer term perspective, resillience and recovery • NASSCOM estimates crisis impact in 2009 ...
Increasing the Macroeconomic Impact of Remittances
... remittances to be leveraged for improving financial access of migrants, their beneficiaries, and the financial intermediaries in the origin countries. The benefits of remittances for development are, however, conditional upon the broader economic and political context. This background paper reviews ...
... remittances to be leveraged for improving financial access of migrants, their beneficiaries, and the financial intermediaries in the origin countries. The benefits of remittances for development are, however, conditional upon the broader economic and political context. This background paper reviews ...
Terrorism and Worker`s Remittances in Pakistan
... into their home countries. According to Ratha (2003) remittances is the sum of three components, first workers remittances under the heading of “current transfer” in the current account of BOP, second employee’s compensation under the heading of “ income” , which consist of wages, salaries, and some ...
... into their home countries. According to Ratha (2003) remittances is the sum of three components, first workers remittances under the heading of “current transfer” in the current account of BOP, second employee’s compensation under the heading of “ income” , which consist of wages, salaries, and some ...
Diasporas and Dollars
... Third World governments have long depended on foreign funding to supplement limited domestic private and official sources. Foreign sources include financing from private, public, bilateral, and multilateral institutions, as well as direct investment. Governments have also depended on foreign exchang ...
... Third World governments have long depended on foreign funding to supplement limited domestic private and official sources. Foreign sources include financing from private, public, bilateral, and multilateral institutions, as well as direct investment. Governments have also depended on foreign exchang ...
How Does the Flow of Remittances Affect the Trade
... The import-triggering effects of remittances (the boomerang effect) have been observed in Latin America and Sub-Saharan Africa (Organisation for Economic Co-operation and Development [OECD], 2006), but studies on the MENA region are limited and have mixed findings. For example, Kandil and Mirzaie (2 ...
... The import-triggering effects of remittances (the boomerang effect) have been observed in Latin America and Sub-Saharan Africa (Organisation for Economic Co-operation and Development [OECD], 2006), but studies on the MENA region are limited and have mixed findings. For example, Kandil and Mirzaie (2 ...
Remittances and Trade Balance: Evidence from
... in less financially developed countries. Other studies like (Mundaca, 2005) do not observe the marginal differences between financially developed and under developed economies on the positive impact of remittances; for a sample of Latin American countries, he concludes that remittances have a signif ...
... in less financially developed countries. Other studies like (Mundaca, 2005) do not observe the marginal differences between financially developed and under developed economies on the positive impact of remittances; for a sample of Latin American countries, he concludes that remittances have a signif ...
Migration, remittances and the brain drain
... These studies have certainly provided us with a broader view of how remittance flows are determined. However, there is sill a great scope for improving our current understanding of the issue. One of the factors that deserve more attention is the impact of the education level of migrant workers on re ...
... These studies have certainly provided us with a broader view of how remittance flows are determined. However, there is sill a great scope for improving our current understanding of the issue. One of the factors that deserve more attention is the impact of the education level of migrant workers on re ...
PDF
... Results weigh against the claim that the government and the Central Bank directly manipulated the exchange rate. Policymakers and monetary authorities should take the natures and magnitudes of these relationships into account when designing monetary and/or macroeconomic policies to facilitate re ...
... Results weigh against the claim that the government and the Central Bank directly manipulated the exchange rate. Policymakers and monetary authorities should take the natures and magnitudes of these relationships into account when designing monetary and/or macroeconomic policies to facilitate re ...
Migrant Worker Remittance Payments
... identifies price-level ratios and purchasing power parity as main determinants of remittances stating that “…price-level ratios between remittance-sending and remittance-receiving countries could also influence motivations to remit. Migrants are often acutely aware that the money they spend in the c ...
... identifies price-level ratios and purchasing power parity as main determinants of remittances stating that “…price-level ratios between remittance-sending and remittance-receiving countries could also influence motivations to remit. Migrants are often acutely aware that the money they spend in the c ...
Remittances, capital flows and financial
... partially offset the lack of financial development in emigration countries by allowing poor people to invest in high-return projects. On the other hand, the complementarity hypothesis argues that there is a positive interaction between remittances and financial development. High levels of financial d ...
... partially offset the lack of financial development in emigration countries by allowing poor people to invest in high-return projects. On the other hand, the complementarity hypothesis argues that there is a positive interaction between remittances and financial development. High levels of financial d ...
Remittances and the Real Exchange Rate
... remittances as a positive shock to the economy, then the real appreciation and related effects experimented by the receiving country would simply be part of the inevitable relative price adjustment process that goes with favorable shocks. Yet if this real appreciation is very dramatic, or the adjust ...
... remittances as a positive shock to the economy, then the real appreciation and related effects experimented by the receiving country would simply be part of the inevitable relative price adjustment process that goes with favorable shocks. Yet if this real appreciation is very dramatic, or the adjust ...
Impact of remittances on economic growth in ASEAN - DUO
... Remittances are the flow of money from migrants abroad to their families in their country of origin (Koser, 2007). The flows of remittances have increased significantly during recent decades and are expected to continue increasing into the foreseeable future as more people migrates in response to gl ...
... Remittances are the flow of money from migrants abroad to their families in their country of origin (Koser, 2007). The flows of remittances have increased significantly during recent decades and are expected to continue increasing into the foreseeable future as more people migrates in response to gl ...
Risk Sharing through Remittances: Evidence from
... On the specific question of cyclicality of remittances, there is a growing evidence that largely point towards countercyclicality (or low procyclicality) of remittance flows.4 To cite few examples: Spatafora (2005) documents a negative relationship between remittances and domestic output in a panel ...
... On the specific question of cyclicality of remittances, there is a growing evidence that largely point towards countercyclicality (or low procyclicality) of remittance flows.4 To cite few examples: Spatafora (2005) documents a negative relationship between remittances and domestic output in a panel ...
Full Text ( Final Version , 158kb )
... data for all the variables of interest. He focuses on how external shocks affected the dollarized economy, choosing as shocks´ variables the current account reversals and terms of trade shocks and investigate their impact on economic growth. As Goldfajn and Olivares (2001), he made the analysis in a ...
... data for all the variables of interest. He focuses on how external shocks affected the dollarized economy, choosing as shocks´ variables the current account reversals and terms of trade shocks and investigate their impact on economic growth. As Goldfajn and Olivares (2001), he made the analysis in a ...
