EVOLUTIONS OF REMITTANCE FLOW DURING THE ECONOMIC-FINANCIAL CRISIS

Mariana Nicolae-Balan (), Liliana Simionescu () and Vlad Iordache ()
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Liliana Simionescu: Athenaeum University of Bucharest
Vlad Iordache: Academy of Economic Studies Bucharest

Internal Auditing and Risk Management, 2011, vol. 1, issue 6(21), 69-80

Abstract: The global financial markets crisis that hit the world economy at the middle of 2008 affected the global economy as a whole, but had also a major impact over the workforce markets in the European countries and by default over the remittance volume achieved by emigrants. The migration phenomenon has seen a decrease process, however differently, according to various geographic areas. The present work intends to achieve a brief analysis of the migration phenomenon under the financial crisis impact in certain European Union countries during 2007-2010. The recession at European level also determined for 2009 a decrease of remittance flows. The work presents a brief evolution of the remittance flow in certain countries from Central and Eastern Europe.

Keywords: emigrants; immigrants; remittances; crisis (search for similar items in EconPapers)
JEL-codes: C2 C51 J21 O15 R23 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ath:journl:tome:21:y:2011(vi):i:6(21):p:69-80

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