Worker Remittances and Capital Flows
AbstractThe debate on the risks and benefits of the globalisation of international capital markets has focused on the volume and the volatility of the main capital flows Â— foreign direct investment (FDI), portfolio investment, and foreign bank lending. Financial transfers in the form of worker remittances have received less attention in this context. This paper provides an analysis on the magnitude of remittances, their volatility, and their relationship to other capital flows. Moreover, we provide empirical evidence on the determinants of remittances and private capital flows.
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1130.
Length: 41 pages
Date of creation: Jun 2002
Date of revision:
remittances; migration; capital flows;
Find related papers by JEL classification:
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
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