Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/17803 
Year of Publication: 
2002
Series/Report no.: 
Kiel Working Paper No. 1130
Publisher: 
Kiel Institute for World Economics (IfW), Kiel
Abstract: 
The debate on the risks and benefits of the globalisation of international capital markets has focused on the volume and the volatility of the main capital flows – foreign direct investment (FDI), portfolio investment, and foreign bank lending. Financial transfers in the form of worker remittances have received less attention in this context. This paper provides an analysis on the magnitude of remittances, their volatility, and their relationship to other capital flows. Moreover, we provide empirical evidence on the determinants of remittances and private capital flows.
Subjects: 
remittances
migration
capital flows
JEL: 
J61
F36
F22
Document Type: 
Working Paper

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