IDEAS home Printed from https://ideas.repec.org/p/wbk/wboper/10210.html
   My bibliography  Save this paper

Impact of the Global Financial Crisis on Migration and Remittances

Author

Listed:
  • Sanket Mohapatra
  • Dilip Ratha

Abstract

Remittances to developing countries are estimated to have declined by 6.1 percent in 2009 as a result of weak job markets in major destination countries. Although new migration has fallen, it is still positive. The stock of international migrants, therefore, has continued to grow and remittances have remained resilient. Going forward, remittance flows to Latin America are expected to recover, whereas those to East Asia and South Asia are likely to slow. Policy responses should involve efforts to facilitate migration and remittances to make these flows cheaper, safer, and more productive for both the sending and the receiving countries.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Sanket Mohapatra & Dilip Ratha, 2010. "Impact of the Global Financial Crisis on Migration and Remittances," World Bank Publications - Reports 10210, The World Bank Group.
    • Handle: RePEc:wbk:wboper:10210
    as

    Download full text from publisher

    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/10210/533120BRI0Econ10Box345607B01PUBLIC1.pdf?sequence=1
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. repec:ilo:ilowps:433612 is not listed on IDEAS
    2. Dilip Ratha & Sanket Mohapatra & Ani Silwal, 2009. "Migration and Remittance Trends 2009 : A Better-Than-Expected Outcome So Far, But Significant Risks Ahead," World Bank Publications - Reports 10958, The World Bank Group.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nuñez, Roy & Osorio-Caballero, María Isabel, 2021. "Remittances, migration and poverty. A study for Mexico and Central America," MPRA Paper 106018, University Library of Munich, Germany.
    2. Balan, Mariana & Uzlau, Carmen, 2010. "Migration in the Context of Current Economic and Financial Crisis - Comparative Analysis," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(5), pages 82-99.
    3. Valentina VASILE & Liviu VASILE, 2011. "Youths on labour market.Features. Particularities. Pro-mobility factors for graduates. Elements of a balanced policy for labour migration," Romanian Journal of Economics, Institute of National Economy, vol. 32(1(41)), pages 97-123, June.
    4. Danzer, Alexander M. & Dietz, Barbara, 2018. "The Economic and Social Determinants of Migrants' Well-Being during the Global Financial Crisis," IZA Discussion Papers 11272, Institute of Labor Economics (IZA).
    5. Stuart Rosewarne, 2013. "Immigration and the Financial Crisis: The United States and Australia Compared . Edited by John Higley , John Nieuwenhuysen , and Stine Neerup , Cheltenham, UK : Edward Elgar . 2011 . 240 pp. RRP $69.," Growth and Change, Wiley Blackwell, vol. 44(3), pages 550-553, September.
    6. Aaron Levi Garavito-Acosta & Maria Mercedes Collazos-Gaitan & Manuel Dario Hernandez-Bejarano & Enrique Montes-Uribe, 2019. "Migración internacional y determinantes de las remesas de trabajadores en Colombia," Borradores de Economia 1066, Banco de la Republica de Colombia.
    7. Danzer, Alexander M. & Dietz, Barbara, 2018. "Migrants’ well-being during the global financial crisis: Economic and social predictors," Journal of Comparative Economics, Elsevier, vol. 46(3), pages 770-787.
    8. Alexander M. Danzer & Barbara Dietz, 2018. "Getting Incentives Right: The economic and social determinants of migrants’ well-being during the global financial crisis," Working Papers 371, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
    9. Weist, Dana & Togo, Eriko & Prasad, Abha, 2010. "Crisis preparedness and debt management in low income countries : strengthening institutions and policy frameworks," Policy Research Working Paper Series 5372, The World Bank.
    10. László Kajdi, 2018. "Remittances – First Results of a New Survey," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 17(3), pages 85-108.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Adam Sawyer, 2016. "Is Money Enough?: The Effect of Migrant Remittances on Parental Aspirations and Youth Educational Attainment in Rural Mexico," International Migration Review, Wiley Blackwell, vol. 50(1), pages 231-266, March.
    2. Balli, Faruk & Balli, Hatice O., 2011. "Income and consumption smoothing and welfare gains across Pacific Island Countries: The role of remittances and foreign aid," Economic Modelling, Elsevier, vol. 28(4), pages 1642-1649, July.
    3. Emmanuel Owusu-Sekyere & Francis M. Kemegue & Reneé van Eyden, 2011. "What drives remittance inflows to Sub-Saharan Africa: A Dynamic Panel Approach," Working Papers 262, Economic Research Southern Africa.
    4. Sanket Mohapatra & Dilip Ratha, 2010. "Forecasting migrant remittances during the global financial crisis," Migration Letters, Migration Letters, vol. 7(2), pages 203-213, October.
    5. Torero, Máximo & Viceisza, Angelino, 2015. "To remit, or not to remit: that is the question. A remittance field experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 112(C), pages 221-236.
    6. Sami Bibi & John Cockburn & Ismaël Fofana & Luca Tiberti & Paul Ningaye & Christian Arnault Emini, 2010. "Impacts of the Global Economic Crisis on Child Poverty in Cameroon and Options for a Policy Response," Papers inwopa598, Innocenti Working Papers.
    7. Anghel, Remus Gabriel & Piracha, Matloob & Randazzo, Teresa, 2015. "Migrants' Remittances: Channelling Globalization," IZA Discussion Papers 9516, Institute of Labor Economics (IZA).
    8. Sami Bibi & John Cockburn & Christian Arnault Emini & Luca Tiberti & Ismaël Fofana & Paul Ningaye, 2010. "Incidences de la crise economique mondiale de 2008/09 et des options de la politique de reponse sur la pauvreté des enfants au Cameroun," Papers inwopa600, Innocenti Working Papers.
    9. Patricia Pittman, 2016. "Alternative Approaches to the Governance of Transnational Labor Recruitment," International Migration Review, Wiley Blackwell, vol. 50(2), pages 269-314, June.
    10. Ibrahim Sirkeci & Jeffrey H. Cohen & Dilip Ratha, 2012. "Migration and Remittances during the Global Financial Crisis and Beyond," World Bank Publications - Books, The World Bank Group, number 13092, December.
    11. repec:nbr:nberch:13368 is not listed on IDEAS
    12. Ann Vogel & Kim Korinek, 2012. "Passing by the Girls? Remittance Allocation for Educational Expenditures and Social Inequality in Nepal’s Households 2003–2004," International Migration Review, Wiley Blackwell, vol. 46(1), pages 61-100, March.
    13. Yaw Nyarko, 2014. "The Returns to the Brain Drain and Brain Circulation in Sub-Saharan Africa: Some Computations Using Data from Ghana," NBER Chapters, in: African Successes, Volume II: Human Capital, pages 305-345, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    Finance and Financial Sector Development - Debt Markets Finance and Financial Sector Development - Currencies and Exchange Rates Private Sector Development - Emerging Markets Macroeconomics and Economic Growth - Remittances Finance and Financial Sector Development - Access to Finance;

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wboper:10210. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tal Ayalon (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.