The tale of three amigos: Remittances, exchange rates, and money demand in Mexico

Review of Development Economics

Volumn 13, Issue 1, 2009, Pages 1-14

  Vargas Silva, Carlos ^a  

^a SAM HOUSTON STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

COMPETITIVENESS; CURRENCY DEVALUATION; CURRENCY MARKET; ECONOMIC IMPACT; REAL EXCHANGE RATE; REMITTANCE;

MEXICO [NORTH AMERICA]; NORTH AMERICA;

EID: 58849104900     PISSN: 13636669     EISSN: 14679361     Source Type: Journal    
DOI: 10.1111/j.1467-9361.2008.00468.x     Document Type: Article

References (21)

1. Amuedo-Dorantes, C. and S. Pozo, "Worker's Remittances and the Real Exchange Rate: A Paradox of Gifts," World Development 32 (2004):1407-17.
2. Banco de México, Monetary Policy Program, 2006.
3. Bernanke, B., "Alternative Explanations of the Money-Income Correlation," Carnegie-Rochester Conference Series on Public Policy 25 (1986):49-115.
4. Bourdet, Y. and H. Falck, "Emigrant's Remittances and Dutch Disease in Cape Verde," International Economic Journal 20 (2006): 267-84.
5. Calvo, G. and C. Reinhart, "Fear Of Floating," The Quarterly Journal of Economics 117 (2002):379-408.
6. Dickey, D. and W. Fuller, "Distribution of Estimators for Autoregressive Time Series with a Unit Root," Journal of the American Statistical Association 74 (1979):427-31.
7. Ebrahim-Zadeh, C., "Dutch Disease: Too Much Wealth Managed Unwisely," Finance and Development 40 (2003): 50-1.
8. Edwards, S., "The Great Exchange Rate Debate After Argentina," North American Journal of Economics and Finance 13 (2002): 237-52.
9. Edwards, S. and M. Savastano, "Exchange Rates in Emerging Countries: What Do We Know? What Do We Need To Know?" National Bureau of Economic Research Working Paper 7728 (1999).
10. El-Sakka, M. and R. McNabb, "The Macroeconomic Determinants of Migrant Remittances," World Development 27 (1999):1493-502.
11. Faini, R., "Workers Remittances and the Real Exchange Rate: A Quantitative Framework," Journal of Population Economics 7 (1994):235-45.
12. Higgins, M., A. Hysenbegasi, and S. Pozo, "Exchange-rate Uncertainty and Workers' Remittances," Applied Financial Economics 14 (2004):403-11.
13. Inter-American Development Bank, "Remittances Portal." Available at http://www.iadb.org/exr/remittances/ (2007).
14. Johansen, S., "Statistical Analysis of Cointegration Vectors," Journal of Economic Dynamics and Control 12 (1988):231-54.
15. Katseli, L. and N. Glytsos, "Theoretical and Empirical Determinants of International Labour Mobility: A Greek-German Perspective," Centre for Economic Policy Research Discussion Paper 148 (1986).
16. Kwiatkowski, D., P. Phillips, P. Schmidt, and Y. Shin, "Testing the Null Hypothesis of Stationarity against the Alternative of a Unit Root: How Sure Are We That Economic Time Series Have a Unit Root?" Journal of Econometrics 54 (1992):159-78.
17. Levy-Yeyati, E. and F. Sturzenegger, "Classifying Exchange Rate Regimes: Deeds Versus Words," European Economic Review 49 (2005):1603-35.
18. US Census Bureau. Available at http://www.census.gov (2006).
19. US State Department, "Partnership for Prosperity Report to President Vicente Fox and President George W. Bush," Press Release, November 22, 2002.
20. Vargas-Silva, C. and P. Huang, "Macroeconomic Determinants of Workers' Remittances: Host versus Home Country Economic Conditions," Journal of International Trade and Economic Development 15 (2006):81-99.
21. Yang, D., "International Migration, Remittances, and Household Investment: Evidence from Philippine Migrants' Exchange Rate Shocks," The Economic Journal 118 (2008):591-630.