The Macroeconomics Of Remittances The Case Of Tajikistan

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The Macroeconomics of Remittances: the Case of Tajikistan

Author : Alexei Kireyev
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451862621
Total Pages : 26 pages
Book Rating : 4.8/5 (626 download)

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Book Synopsis The Macroeconomics of Remittances: the Case of Tajikistan by : Alexei Kireyev

Download or read book The Macroeconomics of Remittances: the Case of Tajikistan written by Alexei Kireyev and published by INTERNATIONAL MONETARY FUND. This book was released on 2006-01-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper seeks to assess the macroeconomic implications of large-scale inward remittances for a small open economy. By including remittances in several standard models, the paper concludes that the overall macroeconomic impact of remittances is likely to be ambiguous. The impact depends on the structural characteristics of the receiving country, in particular its consumption and investment patterns, and its capacity to manage large financial inflows. As data deficiencies and methodological problems associated with remittances preclude crosscountry empirical investigation, the paper illustrates these findings with data on Tajikistan, where remittances as a share of GDP are among the highest in the world. The paper also evaluates the pros and cons of remittances in a broader political economy context.

Global Economic Prospects 2006

Author :
Publisher : World Bank Publications
ISBN 13 : 082136345X
Total Pages : 182 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Global Economic Prospects 2006 by :

Download or read book Global Economic Prospects 2006 written by and published by World Bank Publications. This book was released on with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: International migration, the movement of people across international boundaries to improve economic opportunity, has enormous implications for growth and welfare in both origin and destination countries. An important benefit to developing countries is the receipt of remittances or transfers from income earned by overseas emigrants. Official data show that development countries' remittance receipts totaled 160 billion in 2004, more than twice the size of official aid. This year's edition of Global Economic Prospects focuses on remittances and migration. The bulk of the book covers remittances.

The Economics of Migrants' Remittances in Bangladesh

Author : Mohammad Moniruzzaman
Publisher : Mohammad Moniruzzaman
ISBN 13 : 9848436294
Total Pages : 17 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis The Economics of Migrants' Remittances in Bangladesh by : Mohammad Moniruzzaman

Download or read book The Economics of Migrants' Remittances in Bangladesh written by Mohammad Moniruzzaman and published by Mohammad Moniruzzaman. This book was released on 2009 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inflation in Tajikistan

Author : Svetlana Vtyurina
Publisher : International Monetary Fund
ISBN 13 : 1451962177
Total Pages : 21 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Inflation in Tajikistan by : Svetlana Vtyurina

Download or read book Inflation in Tajikistan written by Svetlana Vtyurina and published by International Monetary Fund. This book was released on 2010-01-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper attempts to explain short- and long-term dynamics of-and forecast-inflation in Tajikistan using the Vector Error Correction Model (VECM) and Autoregressive Moving Average Model (ARMA). By analyzing different transmission channels through the VECM, we were able to evaluate their relative dominance, magnitude, and speed of transition to the equilibrium price level, with the view of identifying those policy tools that will enhance the effectiveness of monetary policy. We found that excess supply of broad money is inflationary in both the short and long term. The dynamic analysis also demonstrates that the exchange rate and international inflation have a strong impact on local prices. Available monetary instruments, such as the refinancing rate, have proven to be ineffective. Therefore, the Tajik monetary authority could greatly benefit from enhancing its monetary instruments toolkit, including by developing the interest rate channel, to improve its monetary policy execution and to achieve stable inflationary conditions.

Emigration and Its Economic Impact on Eastern Europe

Author : Mr.Ruben Atoyan
Publisher : International Monetary Fund
ISBN 13 : 1498367453
Total Pages : 48 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Emigration and Its Economic Impact on Eastern Europe by : Mr.Ruben Atoyan

Download or read book Emigration and Its Economic Impact on Eastern Europe written by Mr.Ruben Atoyan and published by International Monetary Fund. This book was released on 2016-07-20 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While emigration has likely benefited migrants themselves, the receiving countries and the EU as a whole, its impact on sending countries’ economies has been largely negative. The analysis suggests that labor outflows, particularly of skilled workers, lowered productivity growth, pushed up wages, and slowed growth and income convergence. At the same time, while remittance inflows supported financial deepening, consumption and investment in some countries, they also reduced incentives to work and led to exchange rate appreciations, eroding competiveness. The departure of the young also added to the fiscal pressures of already aging populations in Eastern Europe. The paper concludes with policy recommendations for sending countries to mitigate the negative impact of emigration on their economies, and the EU-wide initiatives that could support these efforts.

Migration and Social Upheaval as the Face of Globalization in Central Asia

Author :
Publisher : BRILL
ISBN 13 : 9004249508
Total Pages : 421 pages
Book Rating : 4.0/5 (42 download)

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Book Synopsis Migration and Social Upheaval as the Face of Globalization in Central Asia by :

Download or read book Migration and Social Upheaval as the Face of Globalization in Central Asia written by and published by BRILL. This book was released on 2013-04-15 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the start of the 1990s, Central Asia has been the main purveyor of migrants in the post-Soviet space. These massive migrations due to social upheavals over the last twenty years impact issues of governance; patterns of social adaptation; individual and collective identities; and gender relations in Central Asia. This volume raises the importance of internal migrations, those at a regional, intra-Central Asian, level, labor migrations to Russia, and carries us as far away to the Uzbek migrants based in Istanbul, New York, or Seoul, as well as to the young women of Tashkent who head to Germany or France, and to the Germans, Greeks, and Jews of Central Asia who have returned to their “ethnic homelands”. Contributors include Aida Aaly Alimbaeva, Stéphanie Belouin, Adeline Braux, Asel Dolotkeldieva, Olivier Ferrando, Sophie Hohmann, Nafisa Khusenova, Erica Marat, Sophie Massot, Saodat Olimova, Sébastien Peyrouse, Luisa Piart, Madeleine Reeves, Elena Sadovskaya.

Remittances

Author : Samuel Munzele Maimbo
Publisher : World Bank Publications
ISBN 13 : 0821357948
Total Pages : 402 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Remittances by : Samuel Munzele Maimbo

Download or read book Remittances written by Samuel Munzele Maimbo and published by World Bank Publications. This book was released on 2005 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Migrants have long faced unwarranted constraints to sending money to family members and relatives in their home countries, among them costly fees and commissions, inconvenient formal banking hours, and inefficient domestic banking services that delay final payment to the beneficiaries. Yet such remittances are perhaps the largest source of external finance in developing countries. Officially recorded remittance flows to developing countries exceeded US$125 billion in 2004, making them the second largest source of development finance after foreign direct investment. This book demonstrates that governments in developing countries increasingly recognize the importance of remittance flows and are quickly addressing these constraints.

Macroeconomic Consequences of Remittances

Author : Connel Fullenkamp
Publisher : International Monetary Fund
ISBN 13 : 1451925255
Total Pages : 94 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Macroeconomic Consequences of Remittances by : Connel Fullenkamp

Download or read book Macroeconomic Consequences of Remittances written by Connel Fullenkamp and published by International Monetary Fund. This book was released on 2008-03-11 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their development potential--by reporting the results of the first global study of the comprehensive macroeconomic effects of remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely been overlooked. The main challenge for policymakers in countries that receive significant flows of remittances is to design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these policy prescriptions correct early on is imperative. Globalization and the aging of developed economy populations will ensure that demand for migrant workers remains robust for years to come. Hence, the volume of remittances likely will continue to grow, and with it, the challenge of unlocking the maximum societal benefit from these transfers.

Deposit Insurance, Remittances, and Dollarization

Author : Mr.David A. Grigorian
Publisher : International Monetary Fund
ISBN 13 : 1484300718
Total Pages : 22 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Deposit Insurance, Remittances, and Dollarization by : Mr.David A. Grigorian

Download or read book Deposit Insurance, Remittances, and Dollarization written by Mr.David A. Grigorian and published by International Monetary Fund. This book was released on 2017-06-08 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper uses a unique survey of remittance-receiving individuals from Tajikistan to study the impact of policy awareness on consumer behavior. The results show that knowledge of deposit insurance encourages the use of formal channels for transmitting remittances and reduces dollarization. Given the size and importance of remittances in Tajikistan, improving financial literacy and better publicizing details of the social safety net may encourage a more frequent use of formal channels for transferring remittances and reduce reliance on foreign exchange for transaction purposes. This is likely to improve bank profitability, enhance financial stability, and improve access to finance.

Migration and Remittances During the Global Financial Crisis and Beyond

Author : Ibrahim Sirkeci
Publisher : World Bank Publications
ISBN 13 : 0821388266
Total Pages : 471 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Migration and Remittances During the Global Financial Crisis and Beyond by : Ibrahim Sirkeci

Download or read book Migration and Remittances During the Global Financial Crisis and Beyond written by Ibrahim Sirkeci and published by World Bank Publications. This book was released on 2012-05-30 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 2008 financial crisis, the possible changes in remittance-sending behavior and potential avenues to alleviate a probable decline in remittance flows became concerns. This book brings together a wide array of studies from around the world focusing on the recent trends in remittance flows. The authors have gathered a select group of researchers from academic, practitioner and policy making bodies. Thus the book can be seen as a conversation between the different stakeholders involved in or affected by remittance flows globally. The book is a first-of-its-kind attempt to analyze the effects of an ongoing crisis on remittance flows globally. Data analyzed by the book reveals three trends. First, The more diversified the destinations and the labour markets for migrants the more resilient are the remittances sent by migrants. Second, the lower the barriers to labor mobility, the stronger the link between remittances and economic cycles in that corridor. And third, as remittances proved to be relatively resilient in comparison to private capital flows, many remittance-dependent countries became even more dependent on remittance inflows for meeting external financing needs. There are several reasons for migration and remittances to be relatively resilient to the crisis. First, remittances are sent by the stock (cumulative flows) of migrants, not only by the recent arrivals (in fact, recent arrivals often do not remit as regularly as they must establish themselves in their new homes). Second, contrary to expectations, return migration did not take place as expected even as the financial crisis reduced employment opportunities in the US and Europe. Third, in addition to the persistence of migrant stocks that lent persistence to remittance flows, existing migrants often absorbed income shocks and continued to send money home. Fourth, if some migrants did return or had the intention to return, they tended to take their savings back to their country of origin. Finally, exchange rate movements during the crisis caused unexpected changes in remittance behavior: as local currencies of many remittance recipient countries depreciated sharply against the US dollar, they produced a “sale” effect on remittance behavior of migrants in the US and other destination countries.

South-South Migration

Author : K. Hujo
Publisher : Springer
ISBN 13 : 0230283373
Total Pages : 253 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis South-South Migration by : K. Hujo

Download or read book South-South Migration written by K. Hujo and published by Springer. This book was released on 2010-08-11 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to explore the development and policy implications of South-South migration, specifically with regard to the role and challenges for social policy. It examines the linkages and impact of migration on gender and care regimes, human resource flows, remittances, poverty, and political organizations by or for migrants.

Gender and Macroeconomic Policy

Author : Raj Nallari
Publisher : World Bank Publications
ISBN 13 : 0821374354
Total Pages : 188 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Gender and Macroeconomic Policy by : Raj Nallari

Download or read book Gender and Macroeconomic Policy written by Raj Nallari and published by World Bank Publications. This book was released on 2011-01-05 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mainstream economic analysis has traditionally overlooked gender. The individual the basic category of analysis was regarded as genderless. Neither gender discrimination nor segmentation and segregation within the labor market or within the household was present. Contributions from development theory, new household economics (NHE), labor economics, and feminist analysis have done much to change this. Focusing on gender equality by which we mean equality in opportunity, inputs, and outcome has yielded important insights for the growth and development of an economy. But we are still at the cusp. While there have been huge improvements in recognizing gender as an analytical category at the microeconomic level, the macroeconomic implications of gender equality remain undeveloped. Engendering macroeconomics is an important and valid research and policy area. Over the past three decades, economic development has generally affected women differently than men in the developing world. At the same time, gender relations have affected macroeconomic outcomes. This volume examines the research and policy implications of engendering macroeconomic policy.

Movement, Power and Place in Central Asia and Beyond

Author : Madeleine Reeves
Publisher : Routledge
ISBN 13 : 1135700125
Total Pages : 217 pages
Book Rating : 4.1/5 (357 download)

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Book Synopsis Movement, Power and Place in Central Asia and Beyond by : Madeleine Reeves

Download or read book Movement, Power and Place in Central Asia and Beyond written by Madeleine Reeves and published by Routledge. This book was released on 2013-09-13 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central Asia is a region singularly marked by attempts to transform social life by transforming place. Drawing together established scholars and a new generation of historians, geographers and anthropologists, this volume brings empirical specificity and theoretical depth to debates about the politics of place-making in this diverse region, making an important contribution to Central Asian studies and a distinctive regional comparison to the ‘spatial turn’ in social analysis. Case studies draw on archival research and oral history to explore the workings—and unintended consequences—of policies aimed at sedentarizing, collectivizing and resettling populations as a means to fix and territorialize space. The book also examines ethnographic studies attuned to the role of movement in sustaining social life, from Soviet-era trade networks that linked rural Central Asia and the Russian metropolis, to pilgrimage routes through which ‘kazakhness’ is articulated, to the contemporary moralization of migration abroad in search of work. Rather than analysing ‘flows’ as abstract processes, the book enquires about effortful activity, material infrastructures, political relations and social habits through which people, ideas, knowledge, skills and material objects move or are prevented from moving. As such, it offers new insights into the complex intersections of movement, power and place in this important region over the last two centuries. This book was originally published as a special issue of Central Asian Survey.

The Transnational State

Author : Thomas Lacroix
Publisher : Springer Nature
ISBN 13 : 303153638X
Total Pages : 192 pages
Book Rating : 4.0/5 (315 download)

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Book Synopsis The Transnational State by : Thomas Lacroix

Download or read book The Transnational State written by Thomas Lacroix and published by Springer Nature. This book was released on with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Development Without Aid

Author : David A. Phillips
Publisher : Anthem Press
ISBN 13 : 0857280678
Total Pages : 235 pages
Book Rating : 4.8/5 (572 download)

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Book Synopsis Development Without Aid by : David A. Phillips

Download or read book Development Without Aid written by David A. Phillips and published by Anthem Press. This book was released on 2013-04-15 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Development Without Aid” opens up perspectives about foreign aid to the world’s poorest countries. Growing up in Malawi the author developed a sense of the limitations of foreign assistance and from this evolves a critique of foreign aid as an alien resource unable to provide the dynamism that could propel the poorest countries out of poverty. The book aims to help move the discussion beyond foreign aid. It examines the rapid growth of the world’s diasporas as a quasi-indigenous resource of increasing strength in terms of both financial and human capital, and considers how far such a resource might supersede aid. It uses extensive research findings to explore the possibilities for a resumption of sovereignty by poor states, especially in Africa, over their own development with the assistance of the world’s diasporas.

Global Economic Prospects, June 2021

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464816662
Total Pages : 339 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Economic Prospects, June 2021 by : World Bank

Download or read book Global Economic Prospects, June 2021 written by World Bank and published by World Bank Publications. This book was released on 2021-08-03 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.

Shared Prosperity

Author : Maurizio Bussolo
Publisher : World Bank Publications
ISBN 13 : 1464802300
Total Pages : 111 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Shared Prosperity by : Maurizio Bussolo

Download or read book Shared Prosperity written by Maurizio Bussolo and published by World Bank Publications. This book was released on 2014-04-08 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank has recently defined two strategic goals: ending extreme poverty and boosting shared prosperity. Shared prosperity is measured as income growth among the bottom 40 percent of the income distribution in the population. The two goals should be achieved in a way that is sustainable from economic, social, and environmental perspectives. Shared Prosperity: Paving the Way in Europe and Central Asia focuses on the second goal and proposes a framework that integrates both macroeconomic and microeconomic elements. The macro variables, particularly changes in relative prices, affect income growth differentially along the income distribution; at the same time, the microeconomic distribution of assets at the bottom of the distribution determines the capacity of the bottom 40 to take advantage of the macroeconomic environment and contribute to overall growth. Growth and the incidence of growth are thus understood as jointly determined processes. Besides this integration, the main input of the framework is the finding that the trade-off between growth and equity may be an issue only in the short run. Over the long run, redistribution policies that increase the productive capacity of the bottom 40 percent enhance the overall growth potential of the economy. This report considers shared prosperity in Europe and Central Asia and concludes that the performance in sharing prosperity during the period 2000–10 was good, on average, but heterogeneous across countries and that sustainability is unclear. It also describes examples of the application of the framework to selected countries in the region. Finally, the report provides a tool to structure the policy discussion around the goal of shared prosperity and explains that specific policy links associated with the goal can be established only after a thorough analysis of the country-specific context.