Remittances And The Real Exchange Rate

Existing empirical evidence indicates that remittances have a positive impact on a good number of development indicators of recipient countries. Yet when flows are too large relative to the size of the recipient economies, as those observed in a number of Latin American countries, they may also brin...

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Bibliographic Details
Main Author: Bussolo, Maurizio
Other Authors: Lopez, Humberto, Molina, Luis
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2007
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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300 |a 33 p. 
653 |a Macroeconomics and Economic Growth 
653 |a Currencies and Exchange Rates 
653 |a Emerging Markets 
653 |a Loss of Competitiveness 
653 |a Economic Stabilization 
653 |a Capital Inflow 
653 |a External Financing 
653 |a Debt Markets 
653 |a Private Sector Development 
653 |a Consumption 
653 |a Economy 
653 |a Finance and Financial Sector Development 
653 |a Economic Theory and Research 
653 |a Economies 
653 |a Macroeconomic Management 
653 |a Dutch Disease 
653 |a Growth Rates 
653 |a Demand 
653 |a International Markets 
653 |a Domestic Economy 
700 1 |a Lopez, Humberto 
700 1 |a Molina, Luis 
700 1 |a Bussolo, Maurizio 
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520 |a Existing empirical evidence indicates that remittances have a positive impact on a good number of development indicators of recipient countries. Yet when flows are too large relative to the size of the recipient economies, as those observed in a number of Latin American countries, they may also bring a number of undesired problems. Among those probably the most feared in this context is the Dutch Disease. This paper explores the empirical evidence regarding the impact of remittances on the real exchange rate. The findings suggest that remittances indeed appear to lead to a significant real exchange rate appreciation. The paper also explores policy options that may somewhat offset the observed effect