Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Social Science > Emigration and Immigration

You are looking at 1 - 8 of 8 items for :

  • Type: Journal Issue x
  • Current Account Adjustment; Short-term Capital Movements x
Clear All Modify Search
Cover IMF Working Papers
How Do Transaction Costs Influence Remittances?
Mr. Kangni R Kpodar
and
Patrick A. Imam
Using a new quarterly panel database on remittances (71 countries over the period 2011Q1- 2020Q4), this paper investigates the elasticity of remittances to transaction costs in a high frequency and dynamic setting. It adds to the literature by systematically exploring the heterogeneity in the cost-elasticity of remittances along several country characteristics. The findings suggest that cost reductions have a short-term positive impact on remittances, that dissipates beyond one quarter. According to our estimates, reducing transaction costs to the Sustainable Development Goal target of 3 percent could generate an additional US$32bn in remittances, higher that the direct cost savings from lower transaction costs, thus suggesting an absolute elasticity greater than one. Among remittance cost-mitigation factors, higher competition in the remittance market, a deeper financial sector, and adequate correspondent banking relationships are associated with a lower elasticity of remittance to transaction costs. Similarly, remittance cost-adaptation factors such as enhanced transparency in remittance costs, improved financial literary and higher ICT development coincide with remittances being less sensitive to transaction costs. Supplementing the panel analysis, the use of micro data from the USA-Mexico corridor confirm that migrants facing higher transaction costs tend to remit less, and that this effect is less pronounced for skilled migrants and those that have access to a bank account.
Keywords:
Remittances; Transaction Costs; Elasticity; Migration; elasticity of remittance; remittance market; remittances flow; remittance cost; cost-mitigation factor; Income; Exchange rates; Correspondent banking; Global
Cover IMF Staff Country Reports
Bangladesh: Selected Issues
International Monetary Fund
This Selected Issues paper analyzes the surprising strength of remittances in Bangladesh and other countries in South Asia and the Philippines in 2009. The empirical analysis suggests that the continued strong growth of remittances in these countries is related to the resilience of non-oil GDP growth in the GCC countries and the surge in the GCC countries’ hiring of migrant workers from South Asia during 2006–08. The remittances-to-GDP ratio in South Asia and the Philippines are likely to remain robust in the near term.
Keywords:
ISCR; CR; remittance; Bangladesh; exchange rate; current account norm; migrant; remittances to GDP ratio; U.S. dollar; host-country GDP; GCC country; RMG sector; merchandise export; Remittances; Current account; Current account balance; Migrant labor; Real effective exchange rates; South Asia; Global
Cover IMF Working Papers
The Global Financial Crisis and Workers' Remittances to Africa: What's the Damage?
Mr. Ralph Chami
,
Mr. Adolfo Barajas
,
Anjali Garg
, and
Connel Fullenkamp
Using data on the distribution of migrants from Africa, GDP growth forecasts for host countries, and after estimating remittance multipliers in recipient countries, this paper estimates the impact of the global economic crisis on African GDP via the remittance channel during 2009-2010. It forecasts remittance declines into African countries of between 3 and 14 percentage points, with migrants to Europe hardest hit while migrants within Africa relatively unaffected by the crisis. The estimated impact on GDP for relatively remittance-dependent countries is 2 percent for 2009, but will likely be short-lived, as host country income is projected to rise in 2010.
Keywords:
WP; country; GDP growth; Remittances; economic growth; migration; Africa; global crisis; host-country GDP; remittance multiplier; remittance-GDP ratio; host-country income; countries Armenia; Tranisiton country; remittance-determination equation; remittance flow; host-country variable; Income; Outward remittances; Balance of payments statistics; Global; Middle East; Europe; North Africa
Cover IMF Working Papers
Remittances in the Pacific Region
Ms. Aiko Mineshima
and
Mr. Christopher Browne
Remittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects the impact of emigration due to low growth and limited employment prospects at home. Many Pacific emigrants settle abroad with their families for long periods, but maintain close links with their relatives, villages and churches. The paper finds that the altruistic motive for remittances remains much stronger in the Pacific region than in the rest of Asia, where investment considerations increasingly appear to predominate, especially for the large share of single citizens working abroad for limited periods.
Keywords:
WP; remittance inflow; country; island country; Tonga; government; Remittances; Pacific island countries; remittance channel; remittance flow; unrecorded remittance; government service delivery; Migration; Balance of payments statistics; Income; Pacific Islands; Australia and New Zealand; Middle East
Cover IMF Staff Country Reports
Republic of Latvia: Selected Issues
International Monetary Fund
The external imbalances that accompanied Latvia’s integration into the global economy have generated mixed effects. Stabilizing net foreign liabilities will require an improvement in the goods and services balance. Outward migration from Latvia has raised concerns about social and economic stresses that could intensify in the near future if labor flow increases. Several steps have to be taken to mitigate any adverse consequences of outward migration. The purpose of this paper is to examine macroeconomic and prudential aspects of the rapid growth of lending in Latvia.
Keywords:
ISCR; CR; Latvia; bank; loan; GDP; GDP growth; current account deficit; labor force; labor productivity; capital-labor ratio; Migration; Current account deficits; Loans; Exports; Bank credit; Global; Eastern Europe; Middle East; East Asia; South Asia; Europe; Africa
Cover Migration and Remittances in Moldova
Migration and Remittances in Moldova
Mr. Milan M Cuc
,
Mr. Erik J. Lundback
, and
Mr. Edgardo Ruggiero

Abstract

Labor migration and remittances, which have increasingly become a part of the global landscape, have profound economic and social consequences. Moldova, a small low-income country where an estimated one-third of the economically active population has been working abroad, is an interesting illustration of this trend. Drawing on household survey data, this Special Issues paper explains why Moldovan workers go abroad and how their remittances are used. With this background, it provides insights into policy challenges of coping with, and maximizing benefits from, international labor mobility and the large inflows of remittances.

Keywords:
ISI; SI; IMF staff estimate; remittance; migrant; Moldovan migrant; social indicator; labor migration literature; workers' remittance; Migration; Remittances; Outward remittances; Business environment; Western Europe; Europe; Central and Eastern Europe; Eastern Europe; Global; emigration trend; labor migration; remittance flow
Cover IMF Survey
Calendrier
International Monetary Fund. External Relations Dept.
L’édition web du Bulletin du FMI est mise à jour plusieurs fois par semaine et contient de nombreux articles sur des questions de politique générale et de politique économique d'actualité. Accédez aux dernières recherches du FMI, lisez des interviews et écoutez des podcasts proposés par les principaux économistes du FMI sur des questions importantes de l'économie mondiale. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SV; dairy cattle Project; legacy organization; billions SDR
Cover IMF Survey
IMF Survey, Volume 34, Issue 10
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SV; dairy cattle Project; legacy organization; billions SDR; HIPC assistance; IMF survey; Capital account liberalization; Capital account; Public investment and public-private partnerships (PPP); Public investment spending; Migration; Africa; Asia and Pacific; East Asia; Europe; Global