Remittances : An Automatic Output Stabilizer?

An Automatic Output Stabilizer?

Remittances : An Automatic Output Stabilizer?
Remittance flows appear to be falling worldwide for the first time in decades as a result of the ongoing financial turmoil. It is suspected that the drop in remittance income into developing and emerging markets will have a destabilizing effect on these economies. The paper estimates the impact of remittances on output stability for countries... READ MORE...

Publication date: April 2009
ISBN 9781451872385
$18.00

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