Workers' Remittances and the Equilibrium Real Exchange Rate : Theory and Evidence

Theory and Evidence

Workers' Remittances and the Equilibrium Real Exchange Rate : Theory and Evidence
This paper investigates the impact of workers' remittances on equilibrium real exchange rates (ERER) in recipient economies. Using a small open economy model, it shows that standard "Dutch Disease" results of appreciation are substantially weakened or even overturned depending on: degree of openness; factor mobility between domestic sectors;... READ MORE...

Publication date: December 2010
ISBN 9781455210947
$18.00

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