Workers’ Remittances: An Overlooked Channel of International Business Cycle Transmission?

WP/12/251

Nopic
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... READ MORE...

Publication date: October 2012
ISBN 9781475535822
$18.00

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Publication date: October 2012

English