Impact of the Global Financial Crisis on Migration and Remittances

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.

Bibliographic Details

Main Authors:	Mohapatra, Sanket, Ratha, Dilip
Format:	Brief biblioteca
Language:	English
Published:	World Bank, Washington, DC 2010-02
Subjects:	ACCESSION COUNTRIES, ARBITRATION, ASSETS, BANK DEPOSITS, BANKING NETWORKS, BENEFICIARIES, BONDS, BORDER TRANSFERS, CAPITAL ADEQUACY, CAPITAL FLOWS, CAPITAL MARKET, CENTRAL BANKS, COMPENSATION OF EMPLOYEES, CONSUMER LOANS, COUNTRIES OF ORIGIN, CREDIT HISTORY, CREDIT MARKETS, CREDIT RATING, DEPOSIT, DEPOSITS, DEPRECIATION, DEPRESSION, DEVELOPING COUNTRIES, DEVELOPMENT ASSISTANCE, DEVELOPMENT FINANCE, DIASPORA, ECONOMIC CRISES, ECONOMIC CRISIS, ECONOMIC DOWNTURN, ECONOMIC DOWNTURNS, ECONOMIC GROWTH, ECONOMIC POLICY, EMERGING MARKET, EMERGING MARKETS, EMPLOYERS, EQUITY FLOWS, EXCHANGE CONTROLS, EXCHANGE RATE, EXCHANGE RATE MOVEMENT, EXCHANGE RATE MOVEMENTS, EXPENDITURE, EXPENDITURES, EXTERNAL FINANCE, EXTERNAL FINANCING, FAMILIES, FINANCIAL ACCESS, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL INTERMEDIARIES, FINANCIAL RESOURCES, FINANCIAL TRANSACTION, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN INVESTORS, GLOBAL DEVELOPMENT FINANCE, GLOBAL ECONOMY, GROWTH RATE, HIGH-INCOME COUNTRIES, HOME BUYERS, HOME COUNTRIES, HOST COUNTRIES, HOST COUNTRY, HOUSEHOLDS, INCOME, INCOME SHOCKS, INCOMES, INFORMAL CHANNELS, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE PROJECTS, INSURANCE, INSURANCE PRODUCTS, INTEREST RATE, INTEREST RATE DIFFERENTIALS, INTEREST RATES, INTERMEDIARY BANKS, INTERNATIONAL CREDIT, INTERNATIONAL DEVELOPMENT, INTERNATIONAL LABOUR ORGANIZATION, INTERNATIONAL MIGRANTS, INTERNATIONAL MIGRATION, INTERNATIONAL REMITTANCES, INVESTMENT PURPOSES, INVESTMENT · POLICY, LABOR MARKET, LEVERAGE, LOAN, LOAN PRODUCTS, LOCAL CURRENCY, LOW-INCOME COUNTRIES, MACROECONOMIC LEVEL, MARKET ACCESS, MFI, MICROFINANCE, MICROFINANCE INSTITUTION, MIDDLE-INCOME COUNTRIES, MIGRANT TRANSFERS, MIGRANT WORKERS, MIGRATION POLICY, MOBILE PHONE, MONETARY FUND, MONEY TRANSFER, MONEY-TRANSFER COMPANIES, MORTGAGES, NATIONAL INCOME, NATURAL DISASTERS, OIL PRICES, OUTPUT, PAYMENT SYSTEMS, PHONE NETWORKS, POLICY RESPONSES, POSTAL NETWORKS, POVERTY REDUCTION, PRIVATE BANKS, PRIVATE CAPITAL, PRIVATE CAPITAL FLOWS, PRIVATE CAPITAL INFLOWS, PRIVATE DEBT, PROTECTIONIST MEASURES, PUBLIC EXPENDITURE, QUOTAS, RECESSION, REMITTANCE, REMITTANCE COSTS, REMITTANCE FLOWS, REMITTANCE INFLOWS, REMITTANCE INFLOWS AS COLLATERAL, REMITTANCE MARKET, REMITTANCE PROVIDERS, REMITTANCE SERVICE, REMITTANCE SERVICE PROVIDERS, REMITTANCE SERVICES, REMITTANCES, REMITTANCES FOR INVESTMENT, RETURN, RETURN MIGRATION, SAVINGS, SEND REMITTANCES, SETTLEMENT, SKILLED MIGRANTS, SKILLED WORKERS, SLOWDOWN, SMALL BUSINESSES, SOCIAL SECURITY, STOCKS, TERRORISM, TRANSACTION, TRANSPARENCY, UNEMPLOYMENT, UNEMPLOYMENT INSURANCE, UNEMPLOYMENT RATES, VALUATION,
Online Access:	http://documents.worldbank.org/curated/en/2010/02/11900288/impact-global-financial-crisis-migration-remittances http://hdl.handle.net/10986/10210
Tags:	Add Tag No Tags, Be the first to tag this record!