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Remittances and vulnerability in developing countries (Английский)

This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to seventy-nine developing countries over the period 2005–2011. The authors find that remittances are negatively correlated with the business cycle in recipient countries and in particular...
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