Workers’ Remittances

Released on by Mr.Adolfo Barajas
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  • Workers’ Remittances Book Detail

  • Author : Mr.Adolfo Barajas
  • Release Date : 2012-10-19
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 25
  • ISBN 13 : 1475535821
  • File Size : 63,63 MB
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Workers’ Remittances by Mr.Adolfo Barajas PDF Summary

Book Description: 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 in a panel data setting, the study demonstrates that this effect is robust and causal. Moreover, the econometric analysis reveals that remittance flows are more effective in channeling economic downturns than upswings from the sending countries to remittance-receiving economies. The analysis suggests that measures of openness and spillovers could be enhanced by accounting for the role of the remittances channel.

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Workers’ Remittances

Workers’ Remittances

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This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the worl

Macroeconomic Consequences of Remittances

Macroeconomic Consequences of Remittances

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Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the econ

The Stock Market Channel of Monetary Policy

The Stock Market Channel of Monetary Policy

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This paper argues that the stock market is an important channel of monetary policy. Monetary policy affects real economic activity because inflation levies a pr