Macroeconomic consequences of remittances / Ralph Chami ... [et al.].

Contributor(s):

Material type: Text

TextSeries: Occasional paper ; 259Publication details: Washington, DC : International Monetary Fund, c2008.Description: vii, 84 p. : ill. ; 28 cmISBN:

9781589067011 (pbk.)
1589067010 (pbk.)

Subject(s):

DDC classification:

339.32 22

LOC classification:

JV6217 .M237 2008

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Also available on the World Wide Web.

Summary: This paper directly addresses the two main issues of interest to policymakers with regard to remittances - how to manage their macroeconomic effects, and how to harness their development potential - by reporting the results of the first global study of the comprehensive macroeconomic effects of remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely been overlooked. The main challenge for policymakers in countries that receive significant flows of remittances is to design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these policy prescriptions correct early on is imperative.

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode
Monograph & others	CBN HQ Library	339.32 MAC (Browse shelf(Opens below))	Available		31008100042023
Monograph & others	CBN HQ Library	339.32 MAC (Browse shelf(Opens below))	Available		31008100015581

Includes bibliographical references.

This paper directly addresses the two main issues of interest to policymakers with regard to remittances - how to manage their macroeconomic effects, and how to harness their development potential - by reporting the results of the first global study of the comprehensive macroeconomic effects of remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely been overlooked. The main challenge for policymakers in countries that receive significant flows of remittances is to design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these policy prescriptions correct early on is imperative.