Remittances can cause volatility if concentrated – IMF paper
Flows of remittances are broadly stabilising for the receiving country, but not if they are too concentrated, paper finds
Remittances can have important benefits in stabilising recipient economies, but the benefits may disappear when they are very geographically concentrated, a paper published by the International Monetary Fund finds.
In Remittance concentration and volatility: evidence from 72 developing countries, Amr Hosny tests the impact of remittance flows on a wide range of economic variables, finding large remittances “can be stabilising on average”.
“Importantly, however, large remittances when combined
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