UID:
edocfu_9958085739802883
Format:
1 online resource (30 p.)
Edition:
First edition.
ISBN:
1-4552-4512-7
,
1-4527-4850-0
,
1-282-84010-X
,
9786612840104
,
1-4518-0430-X
Series Statement:
IMF Staff Country Reports ; Number 10/56
Content:
This Selected Issues paper analyzes the surprising strength of remittances in Bangladesh and other countries in South Asia and the Philippines in 2009. The empirical analysis suggests that the continued strong growth of remittances in these countries is related to the resilience of non-oil GDP growth in the GCC countries and the surge in the GCC countries’ hiring of migrant workers from South Asia during 2006–08. The remittances-to-GDP ratio in South Asia and the Philippines are likely to remain robust in the near term.
Note:
Description based upon print version of record.
,
Cover; Contents; I. Remittances in South Asia and the Philippines: Determinants and Outlook; A. Introduction; B. Recent Trends in Remittances; Box; I. Informal Remittances Through Hawala/Hundi Intermediaries; C. Empirical Investigation of the Determinants of Remittances; D. The Outlook for Remittances to South Asia and the Philippines; References; II. External Competitiveness and the Real Exchange Rate in Bangladesh; A. Introduction; B. Trends in the Current Account and Merchandise Exports; C. Estimates of the Equilibrium Real Effective Exchange Rate; References; Appendix
,
I. Choice of the Current Account Elasticity for Bangladesh
Language:
English
