Remittances and Vulnerability in Developing Countries / Bettin, Giulia
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Publisher: Washington, D.C : The World Bank, 2014Description: Online-Ressource (30 p)Subject(s): Additional physical formats: Bettin, Giulia: Remittances and Vulnerability in Developing Countries DOI: DOI: 10.1596/1813-9450-6812Online resources: Summary: This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. The paper exploits a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 87 developing countries over the period 2005-2011. Remittances are negatively correlated with the business cycle in recipient countries and increase especially strongly in response to adverse exogenous shocks, such as natural disasters or large terms-of-trade declines. Financial development in the source economy, which eases access to financial services for migrants and reduces transaction costs, is positively associated with remittances. Conversely, recipient-country financial development is negatively associated with remittances, suggesting that remittances help alleviate credit constraintsPPN: PPN: 834981947Package identifier: Produktsigel: ZDB-1-WBA | ZDB-110-WBLNo physical items for this record
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