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    Global Crisis, Remittances, and Poverty in Asia
    Unavailable
    Global Crisis, Remittances, and Poverty in Asia
    Unavailable
    Global Crisis, Remittances, and Poverty in Asia
    Ebook459 pages4 hours

    Global Crisis, Remittances, and Poverty in Asia

    By Asian Development Bank

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    This publication presents a comprehensive discussion on the impact of the global financial crisis (2008–2009) on certain Asian economies at different levels of analysis---showcasing cross-country regression, computable general equilibrium modeling, and microeconometric modeling for Bangladesh, Indonesia, Pakistan, the Philippines, and Viet Nam. Using different measures of remittances, cross-country regression analyses suggest that a 10% increase in remittances leads to a 3%–4% rise in real gross domestic product per capita. At the same time, the analyses show that remittances exert a negative impact on aggregate poverty. Moreover, these money transfers from abroad exert important impacts on the macroeconomy that include improving external current accounts, alleviating debt burdens, appreciation of domestic currencies, and moderating inflation.
    LanguageEnglish
    PublisherAsian Development Bank
    Release dateMay 1, 2012
    ISBN9789290926993
    Unavailable
    Global Crisis, Remittances, and Poverty in Asia

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