Remittances and Vulnerability in Developing Countries /

This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing coun...

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Bibliografske podrobnosti
Glavni avtor: Bettin, Giulia
Drugi avtorji: Presbitero, Andrea, Spatafora, Nikola
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2014.
Serija:IMF Working Papers; Working Paper ; No. 2014/013
Online dostop:Full text available on IMF
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245 1 0 |a Remittances and Vulnerability in Developing Countries /  |c Giulia Bettin, Andrea Presbitero, Nikola Spatafora. 
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300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing countries over the period 2005-2011. We find that remittances are negatively correlated with the business cycle in recipient countries, and increase in response to adverse exogenous shocks, such as natural disasters or large declines in the terms of trade. Remittances are positively correlated with economic conditions in the source province. Nevertheless, in the presence of similar negative shocks to both source and recipient economies, remittances remain counter-cyclical with respect to the recipient country. 
538 |a Mode of access: Internet 
700 1 |a Presbitero, Andrea. 
700 1 |a Spatafora, Nikola. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/013 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2014/013/001.2014.issue-013-en.xml  |z IMF e-Library