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II Remittances: Measurement Matters

II Remittances: Measurement Matters »

Source: Macroeconomic Consequences of Remittances

Series: Occasional Papers

Author(s): Connel Fullenkamp , Thomas Cosimano , Michael Gapen , Ralph Chami , Peter Montiel , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2008

ISBN: 9781589067011

Keywords: Debt sustainability, Capital inflows, Economic models, Economic growth, Real effective exchange rates, Income, Migration, Labor markets, Workers remittances, remittances

Why Study the Macro Effects of Remittances?...

III Remittances: Stylized Facts

III Remittances: Stylized Facts »

Source: Macroeconomic Consequences of Remittances

Series: Occasional Papers

Author(s): Connel Fullenkamp , Thomas Cosimano , Michael Gapen , Ralph Chami , Peter Montiel , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2008

ISBN: 9781589067011

Keywords: Debt sustainability, Capital inflows, Economic models, Economic growth, Real effective exchange rates, Income, Migration, Labor markets, Workers remittances, remittances

1 beginning with evidence on the growth of workers’ remittances over the past three decades and followed by regional and cross-country comparisons of remittance rec...

IV What Drives Remittance Flows?

IV What Drives Remittance Flows? »

Source: Macroeconomic Consequences of Remittances

Series: Occasional Papers

Author(s): Connel Fullenkamp , Thomas Cosimano , Michael Gapen , Ralph Chami , Peter Montiel , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2008

ISBN: 9781589067011

Keywords: Debt sustainability, Capital inflows, Economic models, Economic growth, Real effective exchange rates, Income, Migration, Labor markets, Workers remittances, remittances

Understanding the motivations for remitting is necessary for analyzing the wider economic consequences of remittances, for at least two reasons. First, the amount that a migrant transfers to family members r...

Macroeconomic Consequences of Remittances

Macroeconomic Consequences of Remittances »

Series: Occasional Papers

Author(s): Connel Fullenkamp , Thomas Cosimano , Michael Gapen , Ralph Chami , Peter Montiel , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2008

DOI: http://dx.doi.org/10.5089/9781589067011.084

ISBN: 9781589067011

Keywords: Debt sustainability, Capital inflows, Economic models, Economic growth, Real effective exchange rates, Income, Migration, Labor markets, Workers remittances, remittances

Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses...

V Macroeconomic Implications of Remittances: Theory

V Macroeconomic Implications of Remittances: Theory »

Source: Macroeconomic Consequences of Remittances

Series: Occasional Papers

Author(s): Connel Fullenkamp , Thomas Cosimano , Michael Gapen , Ralph Chami , Peter Montiel , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2008

ISBN: 9781589067011

Keywords: Debt sustainability, Capital inflows, Economic models, Economic growth, Real effective exchange rates, Income, Migration, Labor markets, Workers remittances, remittances

Previous chapters have documented the rising importance of workers’ remittances as resource flows to developing countries. As with earlier surges in other types of resource flows to such countries, this chan...

VI Macroeconomic Implications of Remittances: A General Equilibrium Model with Money

VI Macroeconomic Implications of Remittances: A General Equilibrium Model with Money »

Source: Macroeconomic Consequences of Remittances

Series: Occasional Papers

Author(s): Connel Fullenkamp , Thomas Cosimano , Michael Gapen , Ralph Chami , Peter Montiel , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2008

ISBN: 9781589067011

Keywords: Debt sustainability, Capital inflows, Economic models, Economic growth, Real effective exchange rates, Income, Migration, Labor markets, Workers remittances, remittances

The existing literature has largely been silent concerning the impact of remittances on the functioning of government policy and the macroeconomy. In the absence of a unified framework for evaluating this im...

VII An Empirical Investigation of the Macroeconomic Effects of Remittances

VII An Empirical Investigation of the Macroeconomic Effects of Remittances »

Source: Macroeconomic Consequences of Remittances

Series: Occasional Papers

Author(s): Connel Fullenkamp , Thomas Cosimano , Michael Gapen , Ralph Chami , Peter Montiel , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2008

ISBN: 9781589067011

Keywords: Debt sustainability, Capital inflows, Economic models, Economic growth, Real effective exchange rates, Income, Migration, Labor markets, Workers remittances, remittances

1996a, 1996b) provide extensive surveys of this research, which includes discussion of the impacts of remittances....

Current Account and External Sustainability in the Baltics, Russia, and Other Countries of the Former Soviet Union

Current Account and External Sustainability in the Baltics, Russia, and Other Countries of the Former Soviet Union »

Series: Occasional Papers

Author(s): Donal McGettigan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 2000

DOI: http://dx.doi.org/10.5089/9781557758262.084

ISBN: 9781557758262

Keywords: current account, debt, debt service, external debt, deficits

Large current account imbalances have been recorded in the Baltics, Russia, and other countries of the former Soviet Union since their independence. Are these current account positions sustainable, reflecting the s...

II Current Account Developments

II Current Account Developments »

Source: Current Account and External Sustainability in the Baltics, Russia, and Other Countries of the Former Soviet Union

Series: Occasional Papers

Author(s): Donal McGettigan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 2000

ISBN: 9781557758262

Keywords: current account, debt, debt service, external debt, deficits

Current account developments in the Baltics, Russia, and other countries of the former Soviet Union since independence are covered comprehensively in Kapur and van der Mensbrugghe (1997)....

III Indicators of Current Account Sustainability

III Indicators of Current Account Sustainability »

Source: Current Account and External Sustainability in the Baltics, Russia, and Other Countries of the Former Soviet Union

Series: Occasional Papers

Author(s): Donal McGettigan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 2000

ISBN: 9781557758262

Keywords: current account, debt, debt service, external debt, deficits

Previous studies have investigated the potential usefulness of current account or, more broadly, external sustainability indicators. Recent papers that examine the effectiveness of a variety of...