Remittance Concentration and Volatility: Evidence from 72 Developing Countries

Remittance Concentration and Volatility: Evidence from 72 Developing Countries
Author :
Publisher : International Monetary Fund
Total Pages : 22
Release :
ISBN-10 : 9781513525884
ISBN-13 : 1513525883
Rating : 4/5 (883 Downloads)

Book Synopsis Remittance Concentration and Volatility: Evidence from 72 Developing Countries by : Amr Hosny

Download or read book Remittance Concentration and Volatility: Evidence from 72 Developing Countries written by Amr Hosny and published by International Monetary Fund. This book was released on 2020-01-17 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper contributes to the literature by introducing the role of geographic concentration of the source of remittances. Specifically, using data over 2010-2015 for 72 developing countries, we study the impact of (i) large remittances and (ii) the geographic concentration of the source of remittances on economic volatilities. Results suggest that while (i) large remittances can be stabilizing on average, (ii) high remittance concentration from source countries can aggravate economic volatilities in recipient countries. Results are robust to global shocks affecting both source and recipient countries, and volatility in the remittance-sending country.


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