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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 Impact of Financial Flows on the Economic Aggregates of Arab Aid Recipient Countries »
Source: Financial Assistance from Arab Countries and Arab Regional Institutions
Series: Occasional Papers
Author(s): P. van den Boogaerde
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 June 1991
ISBN: 9781557751805
Keywords: remittances, workers? remittances, balance of payments, gnp, multilateral institutions
As mentioned earlier, cumulative official assistance from Arab donor countries and Arab agencies to Arab recipient countries amounted to about $55 billion between 1973 and 1989. In comparison, net workers’ r...
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? The unique characteristics of remittances and their potential economic impact have attracted the attention of policymakers and researchers...
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
Given the findings of the previous chapter, the next logical step is to establish a new set of stylized facts about remittances derived from properly measured data. Because stylized facts identify the basic...
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...
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 »
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 »
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
This chapter presents an empirical examination of the macroeconomic effects of remittances on remittance-receiving economies. Much of the early work on remittances’ macroeconomic impacts was carried out with...