This paper examines the influence of sovereign credit ratings and relative risk ratings on private capital flows to 26 emerging and frontier market economies, using quarterly data for 1998-2017. A dynamic...
The economic crisis induced by COVID - 19 (Coronavirus) could be long, deep, and pervasive when viewed through amigration lens. Lockdowns, travel bans, and social distancing have brought global economic...
This paper responds to a request from the World Bank’s Executive Directors for an update in the area of economic or voluntary migration since the previous Board discussion of the topic on August 25, 2016...
Asia and the Pacific region experienced a dramatic rise in migration during the last few decades. The wave of migration increased from the 1970s when the oil price surge provided the impetus for the oil-producing...
This Migration and Development Brief reports global trends in migration and remittance flows, as well as developments related to the Global Compact on Migration (GCM), and the Sustainable Development Goal...
This migration and development brief reports global trends in migration and remittance flows, major policy developments, and the Sustainable Development Goal (SDG) indicators for reducing remittance costs...
This Migration and Development Brief provides an update on worldwide remittance flows and the global migration crisis. It focuses on two Sustainable Development Goal (SDG) indicators: reducing remittance...
Controlling for bond and issuer characteristics, bond spreads are expected to be equal across different legal jurisdictions, and differences are expected to disappear through arbitrage. However, an analysis...
The number of migrants has risen rapidly in the past few years for various reasons: job opportunities, labor shortages resulting from falling birth rates, internal conflict and war, natural disasters...
This paper explores factors that affect the distance between sovereign credit ratings and the ratings assigned to new foreign-currency bonds issued by sub-sovereign entities (such as private non-financial...
Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) weekly global economic newsletter are as follows: U.S. Fed minutes downplayed possibility of June rate hike;...
Using newly available census data, the stock of international migrants is estimated at 247 million in 2013, significantly larger than the previous estimate of 232 million, and is expected to surpass 250...
This paper analyzes the evolution of sovereign credit ratings in the wake of the global financial crisis by studying changes in actual, shadow, and relative ratings between 2008 and 2012. For countries...
This paper explores the developmental impacts of international remittance income on the recipient households. The empirical analysis proceeds in two parts. In the first part, the authors show that remittance...
International migration is intimately intertwined with issues of taxation, inequality and public welfare benefits, both in home and destination countries. In home countries the emigration of workers, especially...
Officially recorded remittance flows to developing countries are estimated to have reached $372 billion in 2011, an increase of 12.1 percent over 2010. The growth rate of remittances was higher in 2011...
Immigrants tend to be more negatively affected by economic crisis than natives, particularly when governments apply strict immigration controls. With the onset of the financial crisis in the latter half...
Officially recorded remittance flows to developing countries are estimated to have reached $351 billion in 2011, up 8 percent over 2010. For the first time since the global financial crisis, remittance...
Sovereign ratings are a necessary condition for countries to fully access international capital. Even if the sovereign government is not issuing bonds, the sovereign rating often acts as a 'ceiling' for...
Officially recorded remittance flows to developing countries recovered quickly to $325 billion in 2010 after the global financial crisis. But they have not kept pace with rising prices in recipient countries...