Remittances over the business cycle: Theory and evidence

Supriyo De, Ergys Islamaj, Ayhan Kose and S. Reza Yousefi

Economic Notes, 2019, vol. 48, issue 3

Abstract: We examine the behaviour of remittances over the business cycle and their potential to act as a ‘stabilizer’ during periods of high business cycle volatility. Two main findings are reported. First, remittances are less volatile than other foreign currency flows and do not appear to systemically comove with business cycle fluctuations. Second, remittances are relatively stable even during episodes of sharp business cycle volatility, such as those associated with sudden stops and financial crises. We also provide an overview of the theoretical literature on the implications of different motives to remit for the cyclical behaviour of remittances.

Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
https://doi.org/10.1111/ecno.12143

Related works:
Working Paper: Remittances over the Business Cycle: Theory and Evidence (2019)
Working Paper: Remittances over the business cycle: theory and evidence (2016)
Working Paper: Remittances over the Business Cycle: Theory and Evidence (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ecnote:v:48:y:2019:i:3:n:e12143

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0391-5026

Access Statistics for this article

More articles in Economic Notes from Banca Monte dei Paschi di Siena SpA
Bibliographic data for series maintained by Wiley Content Delivery ().