Front Matter Page
Institute for Capacity Development
Contents
I. INTRODUCTION
II. STYLIZED FACTS: BANK BALANCE SHEETS IN REMITTANCE-RECIPIENT COUNTRIES
A. Bank Balance Sheets: Size
B. Bank Balance Sheets: Liabilities
C. Bank Balance Sheets: Composition of Assets
D. Bank Balance Sheets: Volatility
E. Further Stylized Facts
F. Remittances and Bank Balance Sheets
III. BANKING MODEL WITH REMITTANCES
IV. EMPIRICAL EVIDENCE: PANEL FIXED EFFECTS ESTIMATES
A. Panel Fixed-effects Specifications
B. Data
C. Results
D. Robustness Checks
V. EVIDENCE FROM IMPULSES RESPONSES FROM STRUCTURAL PANEL VAR
A. Empirical Specification
B. Data
C. Empirical Results
D. Robustness Checks
VI. CONCLUSIONS AND POLICY IMPLICATIONS
REFERENCES
Appendix