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Remittances to Latin America and the Caribbean in 2010: Stabilization after the Crisis

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Author Info

  • René Maldonado
  • Natasha Bajuk
  • María Luisa Hayem
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    Abstract

    This paper deals with remittance trends in Latin America and the Caribbean, including statistics and indicators. In 2010, remittance flows to Latin America and the Caribbean marked the end of the downward trend brought on by the 2008-2009 global financial and economic crisis. The overall regional volume of remittances sent home reached levels similar to the previous year with a slight increase of 0.2%. However, higher inflation rates and stronger local currencies in many countries resulted in an -8.7% drop in the value of these remittances, once received.

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    File URL: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=35788832
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    Bibliographic Info

    Paper provided by Inter-American Development Bank in its series IDB Publications with number 61918.

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    Date of creation: Mar 2011
    Date of revision:
    Handle: RePEc:idb:brikps:61918

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    Related research

    Keywords: Financial Sector :: Financial Services; Financial Sector :: Remittances; Economics :: Financial Crises & Economic Stabilization; Labor :: Workforce & Employment; Social Development :: Migration & Migrants; cash flows; remittance sending countries;

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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Remittances to Latin America and the Caribbean in 2010: Stabilization after the Crisis
      by Maximo Rossi in Wikiprogress América Latina on 2012-02-02 13:04:00

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