Defying the Odds: Remittances during the COVID-19 Pandemic.
This paper provides an early assessment of the dynamics and drivers of remittances during the COVID-19 pandemic, using a newly compiled monthly remittance dataset for a sample of 52 countries, of which 16 countries have bilateral remittance data. The paper documents a strong resilience in remittance...
| Publicado en: | Journal of Development Studies Vol. 59; no. 5; pp. 673 - 691 |
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| Autores principales: | , , , |
| Formato: | Artículo |
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Taylor & Francis Ltd
May2023
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=163248997&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 163248997 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220388 JDS jtl: Journal of Development Studies issn: 00220388 maglogo: N pubinfo: dt: May2023 vid: 59 iid: 5 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 163248997 10.1080/00220388.2022.2154150 ppf: 673 ppct: 18 formats: fmt: – @attributes: type: T db: hlh ui: 163248997 – @attributes: type: P db: hlh ui: 163248997 tig: atl: Defying the Odds: Remittances during the COVID-19 Pandemic. aug: au: Kpodar, Kangni Mlachila, Montfort Quayyum, Saad Gammadigbe, Vigninou affil: Strategy, Policy and Review, International Monetary Fund and FERDI, Washington, DC, USA Monetary and Capital Markets, International Monetary Fund, Washington, DC, USA African Department, International Monetary Fund, Washington, DC, USA Research Department, Central Bank of West African Countries, Dakar, SENEGAL su: COVID-19 pandemic Remittances Impulse response Economic impact of disease COVID-19 Economic stimulus sug: subj: COVID-19 pandemic Remittances Impulse response Economic impact of disease COVID-19 Economic stimulus keyword: Shocks Shocks ab: This paper provides an early assessment of the dynamics and drivers of remittances during the COVID-19 pandemic, using a newly compiled monthly remittance dataset for a sample of 52 countries, of which 16 countries have bilateral remittance data. The paper documents a strong resilience in remittance flows, notwithstanding an unprecedent global recession triggered by the pandemic. Using the local projection approach to estimate the impulse response functions of remittance flows during January 2020–December 2020, the paper provides evidence that: (i) remittances responded positively to COVID-19 infection rates in migrant home countries, underscoring its role as an important automatic stabilizer; (ii) stricter containment measures have the unintended consequence of dampening remittances; and (iii) a shift from informal to formal remittance channels due to travel restrictions appears to have also played a role in the surge in formal remittances. Lastly, the size of the fiscal stimulus in the host country is positively associated with remittance flows to migrants' home country as the fiscal response cushioned the economic impact of the pandemic. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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