Do Workers' Remittances Reduce the Probability of Current Account Reversals?

The authors combine the literature on financial crises in emerging markets and developing economies with that on international migrations by investigating whether the increasingly large flows of workers' remittances can help reduce the probability of current account reversals. The rationale for...

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Bibliographic Details
Main Authors:	Bugamelli, Matteo, Paternò, Francesco
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ABSOLUTE VALUE ADVANCED COUNTRIES BALANCE OF PAYMENTS CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MOVEMENTS COMPETITIVENESS CONSUMPTION SMOOTHING COUNTRY GROWTH REGRESSIONS COUNTRY OF ORIGIN COUNTRY VARIANCE CURRENCY CRISES CURRENT ACCOUNT CURRENT ACCOUNT ADJUSTMENTS CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT REVERSALS DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOMESTIC CREDIT ECONOMETRIC ANALYSIS ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC RESEARCH EMERGING COUNTRIES EMERGING MARKETS EMPIRICAL STUDIES EXCHANGE ARRANGEMENTS EXCHANGE RATE ARRANGEMENTS EXCHANGE RATES EXCHANGE RESTRICTIONS EXPORTS EXTERNAL DEBT EXTERNAL DEBT SERVICE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTABILITY FINANCIAL MARKETS FINANCIAL OPENNESS FINANCIAL STABILITY FOREIGN CAPITAL FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTORS GDP GDP PER CAPITA GROWTH RATE HIGH REAL INTEREST RATES INTEREST RATES INTERNATIONAL RESERVES MACROECONOMIC INSTABILITY MACROECONOMIC STABILITY MEDIAN VALUE MIDDLE-INCOME COUNTRIES NATIONAL AUTHORITIES OUTPUT VOLATILITY POLICY RESEARCH POSITIVE EFFECTS PRIVATE CREDIT PUBLIC DEBT REAL EXCHANGE REAL EXCHANGE RATE REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES SHORT TERM DEBT SOVEREIGN DEBT STANDARD DEVIATION STATISTICAL DATA TERMS OF TRADE TIME SERIES TOTAL EXTERNAL DEBT TOTAL OUTPUT TRADE OPENNESS
Online Access:	http://documents.worldbank.org/curated/en/2005/11/6399379/workers-remittances-reduce-probability-current-account-reversals http://hdl.handle.net/10986/8495

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http://documents.worldbank.org/curated/en/2005/11/6399379/workers-remittances-reduce-probability-current-account-reversals
http://hdl.handle.net/10986/8495

Do Workers' Remittances Reduce the Probability of Current Account Reversals?

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