Hidden Bibliographic Details
| Other authors / contributors: | Barajas, Adolfo.
International Monetary Fund. Middle East and Central Asia Department.
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| ISBN: | 9781475563764
1475563760
9781475599886
1475599889
9781475599886
9781475535822
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| Digital file characteristics: | data file
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| Notes: | Title from PDF title page (IMF Web site, viewed Oct. 25, 2012).
"Middle East and Central Asia Department."
"October 2012."
Includes bibliographical references.
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| Summary: | This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study demonstrates that this effect is robust and causal. Moreover, the econometric analysis reveals that remittance flows are more effective in channeling economic downturns than upswings from the sending countries to remittance-receiving economies. The analysis suggests that measures of openness and spillovers could be enhanced by accounting for the role of the remittances channel.
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| Standard no.: | 10.5089/9781475563764.001
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