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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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2007.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2007/022 |
| Онлайн доступ: | Full text available on IMF |