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Impact of the Global Financial Crisis on Migration and Remittances

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Author(s)
Ratha, Dilip
Mohapatra, Sanket
Keywords
EXCHANGE CONTROLS
OUTPUT
DEVELOPMENT ASSISTANCE
FINANCIAL ACCESS
BANKING NETWORKS
PRIVATE DEBT
PUBLIC EXPENDITURE
ECONOMIC POLICY
INTERNATIONAL LABOUR ORGANIZATION
SAVINGS
UNEMPLOYMENT
RECESSION
EXPENDITURES
REMITTANCE SERVICES
REMITTANCE SERVICE PROVIDERS
DEPRESSION
BENEFICIARIES
PRIVATE CAPITAL
FINANCIAL CRISES
CREDIT HISTORY
INCOMES
CENTRAL BANKS
DEVELOPMENT FINANCE
INSURANCE PRODUCTS
VALUATION
PRIVATE BANKS
MICROFINANCE INSTITUTION
LOCAL CURRENCY
EMERGING MARKET
PHONE NETWORKS
MIGRANT WORKERS
REMITTANCE PROVIDERS
REMITTANCE MARKET
OIL PRICES
NATIONAL INCOME
FINANCIAL INTERMEDIARIES
BORDER TRANSFERS
GLOBAL ECONOMY
MARKET ACCESS
UNEMPLOYMENT INSURANCE
PAYMENT SYSTEMS
LOAN PRODUCTS
INTERNATIONAL DEVELOPMENT
PRIVATE CAPITAL INFLOWS
PROTECTIONIST MEASURES
EXTERNAL FINANCING
SOCIAL SECURITY
DEVELOPING COUNTRIES
TRANSACTION
MONEY TRANSFER
HOST COUNTRY
EXCHANGE RATE
FOREIGN DIRECT INVESTMENT
INVESTMENT · POLICY
FAMILIES
MONEY-TRANSFER COMPANIES
MICROFINANCE
PRIVATE CAPITAL FLOWS
ASSETS
ECONOMIC GROWTH
MFI
COMPENSATION OF EMPLOYEES
SETTLEMENT
HOME BUYERS
HOST COUNTRIES
ECONOMIC CRISIS
ACCESSION COUNTRIES
EXTERNAL FINANCE
LABOR MARKET
HOME COUNTRIES
DEPOSIT
RETURN MIGRATION
ECONOMIC DOWNTURN
MIGRATION POLICY
DEPOSITS
CAPITAL MARKET
UNEMPLOYMENT RATES
BONDS
INTERNATIONAL MIGRATION
FOREIGN INVESTORS
QUOTAS
POLICY RESPONSES
REMITTANCES FOR INVESTMENT
ECONOMIC CRISES
SKILLED WORKERS
SKILLED MIGRANTS
SMALL BUSINESSES
EMERGING MARKETS
REMITTANCE INFLOWS AS COLLATERAL
CAPITAL FLOWS
POVERTY REDUCTION
FINANCIAL RESOURCES
LEVERAGE
EXPENDITURE
NATURAL DISASTERS
GLOBAL DEVELOPMENT FINANCE
FOREIGN EXCHANGE
POSTAL NETWORKS
REMITTANCES
EMPLOYERS
INCOME SHOCKS
INVESTMENT PURPOSES
LOAN
GROWTH RATE
INCOME
TRANSPARENCY
MOBILE PHONE
EXCHANGE RATE MOVEMENTS
MIDDLE-INCOME COUNTRIES
DEPRECIATION
BANK DEPOSITS
TERRORISM
ARBITRATION
CREDIT RATING
INTEREST RATES
FINANCIAL TRANSACTION
CONSUMER LOANS
MONETARY FUND
EXCHANGE RATE MOVEMENT
INTEREST RATE DIFFERENTIALS
MORTGAGES
MACROECONOMIC LEVEL
HIGH-INCOME COUNTRIES
INTERMEDIARY BANKS
REMITTANCE
CAPITAL ADEQUACY
LOW-INCOME COUNTRIES
EQUITY FLOWS
FINANCIAL CRISIS
INFORMAL CHANNELS
INTERNATIONAL MIGRANTS
REMITTANCE SERVICE
INTEREST RATE
INSURANCE
CREDIT MARKETS
REMITTANCE FLOWS
HOUSEHOLDS
INTERNATIONAL REMITTANCES
REMITTANCE COSTS
ECONOMIC DOWNTURNS
COUNTRIES OF ORIGIN
INTERNATIONAL CREDIT
RETURN
DIASPORA
MIGRANT TRANSFERS
INFRASTRUCTURE DEVELOPMENT
SEND REMITTANCES
REMITTANCE INFLOWS
INFRASTRUCTURE PROJECTS
SLOWDOWN
STOCKS
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URI
http://hdl.handle.net/20.500.12424/93404
Online Access
http://hdl.handle.net/10986/10210
Abstract
Remittances to developing countries are
 estimated to have declined by 6.1 percent in 2009 as a
 result of weak job markets in major destination countries.
 Although new migration has fallen, it is still positive. The
 stock of international migrants, therefore, has continued to
 grow and remittances have remained resilient. Going forward,
 remittance flows to Latin America are expected to recover,
 whereas those to East Asia and South Asia are likely to
 slow. Policy responses should involve efforts to facilitate
 migration and remittances to make these flows cheaper,
 safer, and more productive for both the sending and the
 receiving countries.
Date
2012-08-13
Type
Publications & Research :: Brief
Identifier
oai:openknowledge.worldbank.org:10986/10210
http://hdl.handle.net/10986/10210
Copyright/License
CC BY 3.0 IGO
Collections
Corruption and Transparency Collection

entitlement

 

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 encourages flexible implementation of the AML and CFT framework.
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