That remittances are a stable source of external finance seems to have become the received wisdom. In addition, many studies have found remittances to behave counter-cyclically, increasing during crises and times of hardship for the recipient countries. Are remittances reliable macroeconomic stabilizers? To answer this question, the present study examines the stability, cyclicality, and stabilizing impact of remittances in comparison with the same...
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INFORMATION
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2009/10/01
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Document de travail de recherche sur les politiques
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WPS5077
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1
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1
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2010/07/01
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Disclosed
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Remittance stability, cyclicality and stabilizing impact in developing countries
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remittance
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