World Bank research sees value in ‘acyclical’ remittances
Remittance flows can help smooth consumption
Research published today by the World Bank underscores the benefits of flows of remittances in helping people smooth their consumption, particularly through times of crisis.
The article, published as part of the World Bank's Global Economic Prospects report, says remittance flows are "relatively stable, and acyclical". The research team, led by Ayhan Kose and Dilip Ratha, find remittance flows remain steady, in the majority of countries, regardless of the domestic business cycle.
This, they say
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