jueves, 2 de febrero de 2012

Remittances to Latin America and the Caribbean in 2010: Stabilization after the Crisis



By:René Maldonado
Natasha Bajuk
María Luisa Hayem

URL:
http://d.repec.org/n?u=RePEc:idb:brikps:61918&r=lam

This paper deals with remittance trends in Latin America and the Caribbean, including statistics and indicators. In 2010, remittance flows to Latin America and the Caribbean marked the end of the downward trend brought on by the 2008-2009 global financial and economic crisis. The overall regional volume of remittances sent home reached levels similar to the previous year with a slight increase of 0.2%. However, higher inflation rates and stronger local currencies in many countries resulted in an -8.7% drop in the value of these remittances, once received.

Keywords:
Financial Sector :: Financial Services, Financial Sector :: Remittances, Economics :: Financial Crises & Economic Stabilization, Labor :: Workforce & Employment, Social Development :: Migration & Migrants, cash flows, remittance sending countries

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