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Evolutions Of Remittance Flow During The Economic-Financial Crisis


  • Mariana BALAN

    () (Athenaeum University of Bucharest)

  • Liliana SIMIONESCU

    () (Athenaeum University of Bucharest)


    () (Academy of Economic Studies Bucharest)


The global financial markets crisis that hit the world economy at the middle of 2008 affected the global economy as a whole, but had also a major impact over the workforce markets in the European countries and by default over the remittance volume achieved by emigrants. The migration phenomenon has seen a decrease process, however differently, according to various geographic areas. The present work intends to achieve a brief analysis of the migration phenomenon under the financial crisis impact in certain European Union countries during 2007-2010. The recession at European level also determined for 2009 a decrease of remittance flows. The work presents a brief evolution of the remittance flow in certain countries from Central and Eastern Europe.

Suggested Citation

  • Mariana BALAN & Liliana SIMIONESCU & Vlad IORDACHE, 2011. "Evolutions Of Remittance Flow During The Economic-Financial Crisis," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 1(6(21)), pages 69-80, March.
  • Handle: RePEc:ath:journl:tome:21:y:2011(vi):i:6(21):p:69-80

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    emigrants; immigrants; remittances; crisis;

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population


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