Remittances by Emigrants: Issues and Evidence
Andrés Solimano
No DP2003-89, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Abstract:
Remittances, after foreign direct investment, are currently the most important source of external finance to developing countries. Remittances surpass foreign aid, and tend to be more stable than such volatile capital flows as portfolio investment and international bank credit. Remittances are also an international redistribution from low-income migrants to their families in the home country.
Keywords: Economic assistance and foreign aid; Emigrant remittances; International finance; Foreign investments (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2003-89
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