Three Essays on the Impacts of Risk and Uncertainty on Foreign
... instability such as exchange rate risk and inflation, as well as political risk arising from corruption and political instability to be strong deterrents o f FDI inflows into Africa. In general, when investing in developing economies, investors are mostly concerned with political and institutional f ...
... instability such as exchange rate risk and inflation, as well as political risk arising from corruption and political instability to be strong deterrents o f FDI inflows into Africa. In general, when investing in developing economies, investors are mostly concerned with political and institutional f ...
Full Text
... particular, good governance and solid institutional and regulatory frameworks play a key role in attracting inflows over periods longer than the usual business cycle. At the same time, having deeper domestic financial markets with a large and stable domestic investor base, as well as allowing for mo ...
... particular, good governance and solid institutional and regulatory frameworks play a key role in attracting inflows over periods longer than the usual business cycle. At the same time, having deeper domestic financial markets with a large and stable domestic investor base, as well as allowing for mo ...
The Gift Revisited: Marcel Mauss on War, Debt and
... Pierre Birbaum (1998) has called this generation of intellectuals, for “Jews of the State”11 (“Juif d’Etat”) e.g. “secularized Jews devoted to the public service of their country who, integrated into French society by and through the Republic, identified completely with the laic universalism of the ...
... Pierre Birbaum (1998) has called this generation of intellectuals, for “Jews of the State”11 (“Juif d’Etat”) e.g. “secularized Jews devoted to the public service of their country who, integrated into French society by and through the Republic, identified completely with the laic universalism of the ...
Outline for - World Bank Group
... What is the role of international remittances in the economic development of recipient countries? This important question is not completely new, and some answers have already been provided by the large literature on aid effectiveness: the positive or negative effects of remittances on economic devel ...
... What is the role of international remittances in the economic development of recipient countries? This important question is not completely new, and some answers have already been provided by the large literature on aid effectiveness: the positive or negative effects of remittances on economic devel ...
dealing with foreign exchange
... bank’s goal should be maintaining an optimal level of reserves, disallowing politicians taking mileage from it. The current level of reserves should also worry the policymakers as they are partly accumulated due to slowdown in import growth, in turn slackening of economic activities. More importantl ...
... bank’s goal should be maintaining an optimal level of reserves, disallowing politicians taking mileage from it. The current level of reserves should also worry the policymakers as they are partly accumulated due to slowdown in import growth, in turn slackening of economic activities. More importantl ...
A general equilibrium analysis of remittances, labor supply
... editors, two anonymous referees, participants of the 2007 GTAP conference at Purdue University, and participants of the 2007 LACEA conference at the Universidad de los Andes for useful comments and suggestions. We also thank Sudhanshu Handa and Damien King for sharing key data. ...
... editors, two anonymous referees, participants of the 2007 GTAP conference at Purdue University, and participants of the 2007 LACEA conference at the Universidad de los Andes for useful comments and suggestions. We also thank Sudhanshu Handa and Damien King for sharing key data. ...
International Conference on Economic and Social Studies, 10
... sector less competitive, resulting in less competitive country and even reduced exports in natural resources sector. Dutch Disease model was suggested by Corden and Neary (1983). The model consists of three sectors: non-tradable sector (service sector), the manufacturing sector and resources sector ...
... sector less competitive, resulting in less competitive country and even reduced exports in natural resources sector. Dutch Disease model was suggested by Corden and Neary (1983). The model consists of three sectors: non-tradable sector (service sector), the manufacturing sector and resources sector ...
Remittances and Reverse Flows in Developing Countries
... This paper attempts to bridge the gap in the literature by determining, for a sample of remittance-receiving developing countries, what proportion of remittance flows have historically been diverted to reverse flows. This is done by first estimating the effect of remittance flows on consumption, inv ...
... This paper attempts to bridge the gap in the literature by determining, for a sample of remittance-receiving developing countries, what proportion of remittance flows have historically been diverted to reverse flows. This is done by first estimating the effect of remittance flows on consumption, inv ...
1 Follow the Money: Remittance Responses to FDI Inflows Michael
... pure altruism, pure self-interest, and tempered altruism or enlightened self-interest. Remittances based on pure altruism are typically linked to increased consumption expenditures of receiving households. Remittances based on self-interest of the migrant are more likely to be linked to domestic inv ...
... pure altruism, pure self-interest, and tempered altruism or enlightened self-interest. Remittances based on pure altruism are typically linked to increased consumption expenditures of receiving households. Remittances based on self-interest of the migrant are more likely to be linked to domestic inv ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...