What Do Remittances Do? : Analyzing the Private Remittance Transmission Mechanism in El Salvador /

Family remittances are important for El Salvador's economy. This paper analyzes the impact of remittances on El Salvador's economy and the spillover effects on the other Central American countries. A vector autoregression (VAR) model is formulated, consisting of real and monetary variables...

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Bibliographic Details
Main Author: Caceres, Luis Rene
Other Authors: Nery Saca, Nolvia
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF Working Papers; Working Paper ; No. 2006/250
Online Access:Full text available on IMF