Title Remittances and vulnerability in developing countries / Giulia Bettin, Andrea F. Presbitero and Nikola Spatafora

Published Washington, D.C. : International Monetary Fund, 2014

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Description 1 online resource Series IMF working paper ; no. 14/13 IMF working paper ; no. 14/13. Contents Cover; Contents; 1. Introduction; List of figures; 1. Vulnerability and capital flows in developing countries; 2. Literature Survey; 3. Remittances from Italy to Developing Countries; 2. Remittances outflows to developing countries and foreign residents in Italy; 3. Transfers from Italy by region; 4. Remittances by region of destination; 4. Data and Empirical Strategy; 4.1 The empirical gravity model; 4.2 Data sources; 5. Results; 5.1 Remittances as a counter-cyclical financial flow; 5.2 Remittances and financial development; 5.3 Other results; 5.4 Robustness checks; 6. Conclusions Appendices:Tables; List of tables; 1. Variables: definition, sources and summary statistics; 2. List of countries; 3. Baseline results; 4. Extended specification: factors of vuolnerability; 5. Extended specification: the role of financial development; 6. Robustness: sample definition; 7. Robustness: additional covariates; 8. Robustness: estimation method -- baseline results; 9. Robustness: estimation method -- factors of vulnerability; 10. Robustness: estimation method -- the role of financial development Summary This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing countries over the period 2005-2011. We find that remittances are negatively correlated with the business cycle in recipient countries, and increase in response to adverse exogenous shocks, such as natural disasters or large declines in the terms of trade. Remittances are positively correlated with econ Bibliography Includes bibliographical references Notes Print version record Subject Poverty -- Developing countries Public health -- Developing countries Natural disasters -- Developing countries Natural disasters Poverty Public health Developing countries Form Electronic book Author Presbitero, Andrea F, author Spatafora, Nikola, author. International Monetary Fund, issuing body. ISBN 1306454506 9781306454506 9781484385333 1484385330

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