NDLI: Remittances Over the Business Cycle: Theory and Evidence

Content Provider	Scilit
Author	De, Supriyo Islamaj, Ergys Kose, M. Ayhan Yousefi, Seyed Reza
Copyright Year	2016
Description	Journal: Ssrn Electronic Journal This paper examines the behavior of remittances over the business cycle and their potential to act as a stabilizer during periods of high business cycle volatility. Four main findings are reported. First, in theory, the cyclical behavior of remittances depends on the motives to remit. Second, remittances are less volatile than other foreign currency flows but do not appear to systemically co-move with business cycle fluctuations. Third, remittances are relatively stable even during episodes of sharp business cycle volatility, such as those associated with sudden stops and financial crises. Finally, remittances can help support consumption stability over the business cycle.
Related Links	http://eaf.ku.edu.tr/sites/eaf.ku.edu.tr/files/erf_wp_1601.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2755810
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.2755810
Journal	Ssrn Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2016-03-28
Access Restriction	Open
Subject Keyword	Journal: Ssrn Electronic Journal
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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