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http://worldcat.org/entity/work/id/897964290

Workers' remittances and the equilibrium real exchange rate theory and evidence

This paper investigates the impact of workers' remittances on equilibrium real exchange rates (ERER) in recipient economies. Using a small open economy model, it shows that standard ""Dutch Disease"" results of appreciation are substantially weakened or even overturned depending on: degree of openness; factor mobility between domestic sectors; counter cyclicality of remittances; the share of consumption in tradables; and the sensitivity of a country's risk premium to remittance flows. Panel cointegration techniques on a large set of countries provide support for these analytical results, and s.

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http://schema.org/description

  • "This paper investigates the impact of workers' remittances on equilibrium real exchange rates (ERER) in recipient economies. Using a small open economy model, it shows that standard ""Dutch Disease"" results of appreciation are substantially weakened or even overturned depending on: degree of openness; factor mobility between domestic sectors; counter cyclicality of remittances; the share of consumption in tradables; and the sensitivity of a country's risk premium to remittance flows. Panel cointegration techniques on a large set of countries provide support for these analytical results, and s."@en
  • "This paper investigates the impact of workers' remittances on equilibrium real exchange rates (ERER) in recipient economies. Using a small open economy model, it shows that standard "Dutch Disease" results of appreciation are substantially weakened or even overturned depending on: degree of openness; factor mobility between domestic sectors; counter cyclicality of remittances; the share of consumption in tradables; and the sensitivity of a country's risk premium to remittance flows. Panel cointegration techniques on a large set of countries provide support for these analytical results, and show that ERER appreciation in response to sustained remittance flows tends to be quantitatively small."@en

http://schema.org/genre

  • "Electronic books"@en

http://schema.org/name

  • "Workers' Remittances and the Equilibrium Real Exchange Rate Theory and Evidence"
  • "Workers' remittances and the equilibrium real exchange rate theory and evidence"@en
  • "Workers' remittances and the equilibrium real exchange rate theory and evidence"
  • "Workers' Remittances and the Equilibrium Real Exchange Rate"@en
  • "Workers' remittances and the equilibrium real exchange rate : theory and evidence"