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Remittance Concentration and Volatility
Evidence from 72 Developing Countries

by Amr Hosny

Series:Working Paper No. 20/15
ISBN 9781513525884
Code: #WPIEA2020015

Publication year: 2020

Cdn: $27.00; US: $25.00
Language: English
22 pages
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This paper contributes to the literature by introducing the role of geographic concentration of the source of remittances. Specifically, using data over 2010-2015 for 72 developing countries, we study the impact of (i) large remittances and (ii) the geographic concentration of the source of remittances on economic volatilities. Results suggest that while (i) large remittances can be stabilizing on average, (ii) high remittance concentration from source countries can aggravate economic volatilities in recipient countries. Results are robust to global shocks affecting both source and recipient countries, and volatility in the remittance-sending country.
Remittance Concentration and Volatility
Cdn: $27.00; US: $25.00
International Monetary Fund (IMF) BookID: 126994 Added: 2020.2.9