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Book
Year: 1991 Publisher: Washington, D.C. : Federal Research Division, Library of Congress,
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Book
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Year: 1991 Publisher: Washington, D.C. : Federal Research Division, Library of Congress,
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Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,
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This paper provides an early assessment of the dynamics and drivers of remittances during the COVID-19 pandemic, using a newly compiled monthly remittance dataset for a sample of 52 countries, of which 16 countries with bilateral remittance data. The paper documents a strong resilience in remittance flows, notwithstanding an unprecedent global recession triggered by the pandemic. Using the local projection approach to estimate the impulse response functions of remittance flows during Jan 2020-Dec 2020, the paper provides evidence that: (i) remittances responded positively to COVID-19 infection rates in migrant home countries, underscoring its role as an important automatic stabilizer; (ii) stricter containment measures have the unintended consequence of dampening remittances; and (iii) a shift from informal to formal remittance channels due to travel restrictions appears to have also played a role in the surge in formal remittances. Lastly, the size of the fiscal stimulus in host countries is positively associated with remittances as the fiscal response cushions the economic impact of the pandemic.
Book
Year: 2022 Publisher: Washington, D.C. : International Monetary Fund,
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The pandemic has had a substantial impact on the economy, straining pre-pandemic gains in income and poverty reduction. The wide-ranging policy measures, including containment protocols, rapid vaccination and booster campaigns, direct income support, and policy support for borrowers and businesses, mitigated the adverse impact on lives and well-being. As the pandemic recedes and in light of the uncertainties from the war in Ukraine, the focus needs to be on securing livelihoods and ensuring strong and job-rich medium-term growth, while minimizing any persistent adverse effects from the pandemic and mitigating risks.
Periodical
ISSN: 24116726 Year: 2015 Publisher: Thimphu, Bhutan : Bhutan Centre for Media and Democracy Publication,
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Bhutan --- Bhutan --- Bhutan. --- Politics and government
Map
Year: 2011 Publisher: [Boulder] : Geological Society of America,
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Book
Year: 1984 Publisher: Bangkok White Orchid Press
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