V Macroeconomic Implications of Remittances: Theory
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
  • | 2 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
  • | 3 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund

Abstract

Previous chapters have documented the rising importance of workers’ remittances as resource flows to developing countries. As with earlier surges in other types of resource flows to such countries, this change in circumstances dramatically alters the economic environment in which macroeconomic policy is formulated in countries receiving remittances. The challenge for policymakers is to understand the macroeconomic implications of these large new flows as well as the role that policy can play in maximizing the benefits that the recipient countries can derive from them.

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