Are Workers' Remittances a Hedge Against Macroeconomic Shocks? PDF Download
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Author: Erik Lueth
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 0
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Book Description
Author: Erik Lueth
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 0
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Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1463938446
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specifications, the econometric results yield two important findings. First, remittance and aid inflows significantly dampen the effect of food price shocks in the most vulnerable countries. Second, a lower remittance-to-GDP ratio is required in order to fully absorb the effects of food price shocks compared to the corresponding aid-to-GDP ratio.
Author: Andrés Artal-Tur
Publisher: Springer
ISBN: 3319040782
Category : Political Science
Languages : en
Pages : 181
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Book Description
Though globalisation of the world economy is currently a powerful force, people’s international mobility appears to still be very limited. The goal of this book is to improve our knowledge of the true effects of migration flows. It includes contributions by prominent academic researchers analysing the socio-economic impact of migration in a variety of contexts: interconnection of people and trade flows, causes and consequences of capital remittances, understanding the macroeconomic impact of migration and the labour market effects of people’s flows. The latest analytical methodologies are employed in all chapters, while interesting policy guidelines emerge from the investigations. The style of the volume makes it accessible for both non-experts and advanced readers interested in this hot topic of today’s world.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1589069129
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multifaceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.
Author: Stephen Snudden
Publisher: International Monetary Fund
ISBN: 1475572956
Category : Business & Economics
Languages : en
Pages : 43
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Book Description
This paper adds international migration and remittances into the IMF’s Flexible System of Global Models (FSGM). FSGM is a global general equilibrium model with endogenous primary commodity markets. A method to estimate the structural dynamics of major remitter regions is proposed. The dynamics of remittances and migration in FSGM are calibrated to be consistent with the main stylized facts of the empirical estimates. Structural disturbances pertinent to current global remittance flows are examined. These disturbances include disruptions to oil supply, output variation in Europe and the United States, labor nationalization policies in Saudi Arabia, and a global reduction in the cost to remit. The multilateral framework illustrates how remittance inflows need not originate from the region with the underlying economic disturbance but can arise from third party remitter regions affected by global commodity markets. The results also illustrate that the correlation of remittance inflows and the real GDP of labor-exporting economies can be either positively or negatively correlated. The evidence suggests that the behavioral incentive to migrate and remit cannot be deduced from correlations of real GDP and remittance inflows.
Author: Karima Kourtit
Publisher: Springer Nature
ISBN: 303048291X
Category : Business & Economics
Languages : en
Pages : 572
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Book Description
This handbook presents a collection of high-quality, authoritative scientific contributions on cross-border migration, written by a carefully selected group of recognized migration experts from around the globe. In recent years, cross-border migration has become an important and intriguing issue, from both a scientific and policy perspective. In the ‘age of migration’, the volume of cross-border movements of people continues to rise, while the nature of migration flows – in terms of the determinants, length of stay, effects on the sending and host countries, and legal status of migrants – is changing dramatically. Based on a detailed economic-geographical analysis, this handbook studies the motives for cross-border migration, the socio-economic implications for sending countries and regions, the locational choice determinants for cross-border migrants, and the manifold economic-geographic consequences for host countries and regions. Given the complexity of migration decisions and their local or regional impacts, a systematic typology of migrants (motives, legal status, level of education, gender, age, singles or families, etc.) is provided, together with an assessment of push factors in the place of origin and pull factors at the destination. On the basis of a solid analytical framework and reliable empirical evidence, it examines the impacts of emigration for sending areas and of immigration for receiving areas, and provides a comprehensive discussion of the policy dimensions of cross-border migration.
Author: Nayla Moukarbel
Publisher: Amsterdam University Press
ISBN: 9089640517
Category : Family & Relationships
Languages : en
Pages : 252
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Book Description
This study unravels the real dynamics at stake within the Lebanese Madame/Sri Lankan housemaid relationship. Unraveled in this book are the real dynamics at stake in the Madame/housemaid relationship. While cases of extreme physical abuse by the Lebanese women who hire housemaids - Madames - are an exception, what has become normalised are more insidious patterns of domination used to control each and every aspect of their employees' lives. For their part, Sri Lankan housemaids are not merely passive victims. Away from direct provocation and first-hand repercussions, they try to deflect what Pierre Bourdieu has called 'symbolic violence'. These attempts at 'everyday forms of resistance', as defined by James Scott, can help loosen their employers' grip. Yet, as this unprecedented study shows, the Madame/housemaid relationship and the rules that govern it remain under the managerial hold of the Madame.
Author: G. Pillai
Publisher: Springer
ISBN: 1137285974
Category : Political Science
Languages : en
Pages : 215
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Book Description
The South Asian diaspora is a diverse group who settled in different parts of the world, often concentrated in developed countries. This volume explores how transnational politics overlap with religious ideologies, media and culture amongst the diaspora, contributing to diasporic identity building in host countries.
Author: S. Mansoob Murshed
Publisher: Routledge
ISBN: 1136707700
Category : Business & Economics
Languages : en
Pages : 428
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Book Description
Two prominent features of the current global economy are the world-wide recession brought about by the recent financial crisis, and the emergence of major economic powers from within the developing world such as Brazil, China and India. The former represents the failure of global regulatory policies and macroeconomic imbalances between surplus and deficit countries; the latter is symptomatic of a partial shift in economic power towards developing nations, who are often collectively labelled the global South. The macroeconomic imbalances are unsustainable in the longer run as they mean greater absorption relative to income in deficit nations; they require corrective action and international policy coordination. Reducing imbalances also requires large developing countries to raise their domestic consumption and also imports from the rest of the world and international financial institutions to operate as a lender of last resort. Furthermore, the engines of global growth, especially for developing countries, may no longer lie solely in the traditional developed country markets in the USA, Europe and Japan, known collectively as the global North. Rather South-South trade is growing rapidly, and that could be an engine of growth for the global economy, including both developed and developing countries. The various chapters in this edited volume address issues surrounding global imbalances and the prospects for growth in developing countries propelled by South-South interaction. This book should be of interest to students and researchers focussing on political economics, international economics, globalization, global imbalance and the world-wide recession after 2008.
Author: Mr.Yasser Abdih
Publisher: International Monetary Fund
ISBN: 1475510322
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance-sending countries, to the public finances of remittance-receiving countries. Using panel data for remittance-receiving countries in the Middle East, North Africa, and Central Asia, three types of results emerge. First, remittances appear to be strongly procyclical vis-à-vis sending country income. Second, remittances tend to be spent on consumption of both imported and domestically produced goods, rather than on investment. Third, shocks in the sending countries are transmitted via remittances to the public finances - specifically, tax revenues - of receiving countries. In the case of the 2009 global downturn, this impact was particularly strong for several countries in the Caucasus and Central Asia, whereas in the subsequent recovery in 2010 virtually all receiving countries benefitted from an upturn in remittance-driven tax revenues.
