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|z 9781455210947
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Chami, Ralph.
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|a Workers' Remittances and the Equilibrium Real Exchange Rate :
|b Theory and Evidence /
|c Ralph Chami, Adolfo Barajas, Peter Montiel, Dalia Hakura.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
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|a 1 online resource (42 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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; counter cyclicality of remittances; the share of consumption in tradables; and the sensitivity of a country's risk premium to remittance flows. Panel cointegration techniques on a large set of countries provide support for these analytical results, and show that ERER appreciation in response to sustained remittance flows tends to be quantitatively small.
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|a Mode of access: Internet
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|a Barajas, Adolfo.
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|a Hakura, Dalia.
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|a Montiel, Peter.
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|a IMF Working Papers; Working Paper ;
|v No. 2010/287
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2010/287/001.2010.issue-287-en.xml
|z IMF e-Library
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