Format:
1 Online-Ressource (circa 82 Seiten)
,
Illustrationen
ISBN:
9781484303641
Series Statement:
IMF working paper WP/17, 144
Content:
Outward migration has been an important phenomenon for countries in Latin American and the Caribbean (LAC), particularly those in Central America and the Caribbean. This paper examines recent trends in outward migration from and remittances to LAC, as well as their costs and benefits. For the home country, the negative impact from emigration on labor resources and productivity seems to outweigh growth gains from remittances, notably for the Caribbean. However, given emigration, remittance flows play key financing and stabilizing roles in Central America and the Caribbean. They facilitate private consumption smoothing, support financial sector stability and fiscal revenues, and help reduce poverty and inequality, without strong evidence for harmful competitiveness effects through shifts in the real exchange rate
Additional Edition:
Erscheint auch als Druck-Ausgabe Beaton, Kimberly Migration and Remittances in Latin America and the Caribbean: Engines of Growth and Macroeconomic Stabilizers? Washington, D.C. : International Monetary Fund, 2017 ISBN 9781484303641
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781484303641.001
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