Series: IMF Working Papers
Author(s): Adolfo Barajas , Ralph Chami , Christian Ebeke , and Sampawende Tapsoba
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 October 2012
Keywords: Business Cycle Synchronization, remittance, business cycle, remittance flows, Financial Aspects of Economic Integration, Open Economy Macroeconomics,
This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data...