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Worker's remittances : an overlooked channel of international business cycle transmission? / [electronic resource]

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자료유형E-Book
개인저자Barajas, Adolfo.
단체저자명International Monetary Fund. Middle East and Central Asia Department.
서명/저자사항Worker's remittances[electronic resource] :an overlooked channel of international business cycle transmission? /prepared by Adolfo Barajas ... [et al.].
발행사항[Washington, D.C.] : International Monetary Fund, c2012.
형태사항1 online resource (25 p.)
총서사항IMF working paper ;WP/12/251
ISBN9781475563764 (electronic bk.)
1475563760 (electronic bk.)
일반주기 Title from PDF title page (IMF Web site, viewed Oct. 25, 2012).
"Middle East and Central Asia Department."
"October 2012."
서지주기Includes bibliographical references.
요약This 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.
일반주제명Emigrant remittances -- Econometric models.
Business cycles -- Econometric models.
BUSINESS & ECONOMICS / Finance.
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대출바로가기http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516450

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