IMF paper finds remittances depend on source and recipient country business cycles
Remittances from advanced to developing economies are negatively correlated with the recipient country's business cycle and positively correlated with adverse exogenous shocks there, but also depend on economic conditions in the source country, research has found.
A working paper published this week by the International Monetary Fund studied remittances from 103 Italian provinces to 107 developing countries over the period 2005-11. The paper, Remittances and Vulnerability in Developing Countries
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