Credit quality in developing economies : remittances to the rescue? /

Credit quality in developing economies : remittances to the rescue? /

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Bibliographic Details
Author / Creator:	Ebeke, Christian, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2014.
Description:	1 online resource (20 pages) : color illustrations.
Language:	English
Series:	IMF working paper ; WP/14/144 IMF working paper ; WP/14/144.
Subject:	Transfer payments -- Developing countries -- Econometric models. Capital movements -- Developing countries -- Econometric models. Bank loans -- Developing countries -- Econometric models. Bank loans -- Econometric models. Capital movements -- Econometric models. Transfer payments -- Econometric models. Developing countries. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13357786

Hidden Bibliographic Details
Other authors / contributors:	Loko, Boileau, author. Viseth, Arina, author. International Monetary Fund. African Department, issuing body.
Notes:	"August 2014"--Page 2 of pdf. "African Department"--Page 2 of pdf. Includes bibliographical references (pages 17-19). Online resource; title from pdf title page (IMF.org Web site, viewed on Aug 21, 2014).
Summary:	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. --Abstract.

Description
Item Description:	"August 2014"--Page 2 of pdf. "African Department"--Page 2 of pdf.
Physical Description:	1 online resource (20 pages) : color illustrations.
Bibliography:	Includes bibliographical references (pages 17-19).