Are Workers' Remittances a Hedge Against Macroeconomic Shocks? : The Case of Sri Lanka /

We estimate a vector error correction (VEC) model for Sri Lanka to determine the response of remittance receipts to macroeconomic shocks. This is the first attempt of its kind in the literature. We find that remittance receipts are procyclical and decline when the island's currency weakens, und...

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Hlavní autor: Ruiz-Arranz, Marta
Další autoři: Lueth, Erik
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2007.
Edice:IMF Working Papers; Working Paper ; No. 2007/022
On-line přístup:Full text available on IMF

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