Workers' Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence
Workers' Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence
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Washington, D.C: International Monetary Fund
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English
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Washington, D.C: International Monetary Fund
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This paper investigates the impact of workers’ remittances on equilibrium real exchange rates (ERER) in recipient economies. Using a small open economy model, it shows that standard ""Dutch Disease"" results of appreciation are substantially weakened or even overturned depending on: degree of openness; factor mobility between domestic sectors; coun...
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Full title
Workers' Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence
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TN_cdi_gale_infotraccpiq_246179818
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_gale_infotraccpiq_246179818
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ISBN
1455210943,9781455210947
ISSN
1018-5941
DOI
10.5089/9781455210947.001