Credit Quality in Developing Economies : Remittances to the Rescue? /

This paper analyzes the link between remittances inflows and nonperforming loans (NPLs) in a large sample of developing countries. Theoretical transmission channels include risk coping, exchange rate and growth impacts. Panel data estimates uncover the significant role of remittance inflows in reduc...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Ebeke, Christian
مؤلفون آخرون: Loko, Boileau, Viseth, Arina
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2014.
سلاسل:IMF Working Papers; Working Paper ; No. 2014/144
الوصول للمادة أونلاين:Full text available on IMF
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100 1 |a Ebeke, Christian. 
245 1 0 |a Credit Quality in Developing Economies :   |b Remittances to the Rescue? /  |c Christian Ebeke, Boileau Loko, Arina Viseth. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
300 |a 1 online resource (20 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 analyzes the link between remittances inflows and nonperforming loans (NPLs) in a large sample of developing countries. Theoretical transmission channels include risk coping, exchange rate and growth impacts. Panel data estimates uncover the significant role of remittance inflows in reducing the size of NPLs in recipient economies. Econometric results also indicate a stronger marginal impact of remittances in a context of high macroeconomic instability, suggesting a significant effect of remittances on the likelihood of the private sector's credit default during shocks. These results hold even after factoring in: (i) the endogeneity of remittance inflows and, (ii) the use of an alternative estimator (panel fractional logit) aimed at dealing with bounded dependent variables. 
538 |a Mode of access: Internet 
700 1 |a Loko, Boileau. 
700 1 |a Viseth, Arina. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/144 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2014/144/001.2014.issue-144-en.xml  |z IMF e-Library