Exchange-rate uncertainty and workers' remittances

Applied Financial Economics

Volumn 14, Issue 6, 2004, Pages 403-411

  Higgins, Matthew L ^a   Hysenbegasi, Alketa ^b   Pozo, Susan ^a  

^a WESTERN MICHIGAN UNIVERSITY   (United States)

^b Risk Management   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC ANALYSIS; EXCHANGE RATE; MIGRANTS REMITTANCE; RISK FACTOR; UNCERTAINTY ROLE;

EID: 1842853920     PISSN: 09603107     EISSN: None     Source Type: Journal    
DOI: 10.1080/09603100410001673630     Document Type: Article

References (28)

1. Adams, R. H. (1993) The economic and demographic determinants of international migration in rural Egypt, Journal of Development Studies, 30(1), 146-67.
2. Agarwal, R. and Horowitz, A. W. (2002) Are international remittances altruism or insurance? Evidence from Guyana using multiple-migrant households, World Development, 30(11), 2033-44.
3. Andersen, T. G. and Bollerslev, T. (1998a) Deutsche mark-dollar volatility: intraday activity patterns, macroeconomic announcements, and longer run dependencies, Journal of Finance, 53, 219-65.
4. Andersen, T. G. and Bollerslev, T. (1998b) Answering the skeptics: yes, standard volatility models do provide accurate forecasts, International Economic Review, 39, 885-905.
5. Andersen, T. G., Bollerslev, T., Diebold, F. X. and Labys, P. (2001) The distribution of realized exchange rate volatility, Journal of the American Statistical Association, 96, 42-55.
6. Arize, A. C. (1997) Conditional exchange-rate volatility and the volume of foreign trade: evidence from seven industrialized countries, Southern Economic Journal, 64, 235-54.
7. Bollerslev, T. (1986) Generalized autoregressive conditional heteroskedasticity, Journal of Econometrics, 31, 307-27.
8. Chandavarkar, A. G. (1980) Use of migrants' remittances in labor exporting countries, Finance and Development, 17, 36-9.
9. Dooley, M. P. and Isard, P. (1980) Capital controls, political risk, and deviations from interest rate parity, Journal of Political Economy, 88(2), 370-84.
10. El-Sakka, M. I. T. and McNabb, R. (1999) The macroeconomic determinants of emigrant Remittances, World Development, 27(8), 1493-02.
11. Engle, R. F. (1982) Autoregressive conditional heteroskedasticity with estimates of the variance of United Kingdom inflation, Econometrica, 50, 987-1007.
12. Faini, R. (1994) Workers remittances and the real exchange rate; a quantitative framework, Journal of Population Economics, 7, 235-45.
13. Glytsos, N. P. (1997) Remitting behavior of 'temporary' and 'permanent' migrants: the case of Greeks in Germany and Australia, Labour, 11(3), 409-35.
14. Goldberg, L. S. and Kolstad, C. D. (1995) Foreign direct investment, exchange rate variability and demand uncertainty, International Economic Review, 36, 855-73.
15. Hysenbegasi, A. and Pozo, S. (2000) What prompts workers to remit? Evidence using a panel of Latin American and Caribbean Nations, WMU Working paper, December.
16. Ilahi, N. and Jafarey, S. (1998) Guestworker migration, remittances and the extended family: evidence from Pakistan, Journal of Development Economics, 58, 485-512.
17. International Monetary Fund Balance of Payment Yearbook IMF, Washington. DC, various issues since 1980. International Financial Statistics IMF, Washington, DC, various issues since 1980.
18. Lucas, R. E. B., Stark, O, (1985) Motivations to remit: evidence from Botswana, Journal of Political Economy, 93(5), 901-18.
19. Massey, D. S. and Espinosa, K. E. (1997) What's driving Mexico-US migration? A theoretical, empirical and policy analysis, American Journal of Sociology, 102(4), 939-99.
20. Meyers, D. W. (1998) Migrant remittances to Latin America: reviewing the literature, Working Paper, The Tomas Rivera Policy Institute, CA.
21. Newey, W.K. and West, K. D. (1987) A simple positive definite heteroskedasticity and authocorrelation consistent covariance matrix, Econometrica, 55(3), 703-8.
22. Pagan, A. and Ullah, A. (1988) The econometric analysis of models with risk terms, Journal of Applied Econometrics, 3, 87-105.
23. Schwert, G. W. (1989) Why does stock market volatility change over time?, Journal of Finance, 44, 1115-53.
24. Schwert, G. W. and Seguin, P. J. (1990) Heteroskedasticity in stock returns, Journal of Finance, 45, 1129-55.
25. Stark, O. and Bloom, D. E. (1985) The new economics of labor migration, American Economic Review, 75(2), 173-8.
26. Straubhaar, T. (1986) The determinants of workers' remittances: the case of Turkey, Weltwirtschaftl Archiv, 122(4), 728-40.
27. Wahba, S. (1991) What determines workers' remittances? A framework for examining flows from migrant workers, with a focus on Egypt's experience in the 1980s, Finance & Development, 28(4), 41-4.
28. World Bank (1997) World Development Report: The State in a Changing World, Oxford University Press, Oxford.