Autore: Lartey, Emmanuel K. K.
Titolo: Remittances and Current Account Dynamics
Periodico: Economic notes
Anno: 2017 - Volume: 46 - Fascicolo: 1 - Pagina iniziale: 37 - Pagina finale: 52

This paper examines the impact of remittances on current account dynamics under alternative monetary and exchange rate policies. The main findings suggest that altruistic remittances precipitate a current account deficit under a fixed exchange rate regime, whereas a surplus is realized when monetary policy follows a Taylor-type rule. Furthermore, self-interest remittances are associated with a current account surplus under a Taylor rule that manages real exchange rate variability or a Taylor rule with aggressive nontradeable inflation targeting




SICI: 0391-5026(2017)46:1<37:RACAD>2.0.ZU;2-V

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