Remittance Concentration and Volatility: Evidence from 72 Developing Countries
Amr Hosny ()
No 2020/015, IMF Working Papers from International Monetary Fund
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.
Keywords: Real effective exchange rates; Financial sector development; Exchange rate appreciation; Exchange rate regimes; Terms of trade; Remittances,volatility,remittance concentration,developing countries,WP,remittance,recipient country,HHI,remittance inflow (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2020/015
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