Wednesday 11 March 2009
12h15 - R3
Salvatore Dell’Erba
Will present his work on
“The global crisis and remittances”
Abstract: "There is a lot of debate on how and to what extent the current global financial crisis (GFC) may affect remittances to developing countries. Current estimates rely on questionable assumptions and are not well suited to predict changes in inflows to individual developing countries following the crisis. By specifying a model of remittance outflows’ determinants, and by using past systemic banking crises, we identify the likely effects of the current GFC on total remittances to developing countries. On the basis of this and of a model of remittance inflows, we also predict the possible changes in inflows for a large subset of developing countries."
PLEASE DO NOT CITE BEFORE 15 MARCH 2009
