What's different about monetary policy transmission in remittance-dependent countries?
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DOI: 10.1016/j.jdeveco.2018.05.013
Abstract: Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their upward (appreciation) pressure on real exchange rates, reducing the quality of institutions,… read more here.
Keywords: policy; policy transmission; remittance; monetary policy ... See more keywords