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Are remittances an instrument of stabilization and funding in the euro area?

Detalhes bibliográficos
Autor(a) principal: Correia, Leonida Amaral Tomas
Data de Publicação: 2016
Outros Autores: Martins, Patricia Sofia Figueiredo
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10348/10137
Resumo: In this study, we explore the specific question of the counter cyclicality of remittances in the euro area, namely, if they could be used to stabilize the business cycle and as an additional source of external financing. This research uses data for 13 euro area countries in the period 2004–2013. For whole of the sample, our two hypotheses concerning stabilization and external financing are rejected, but Lithuania and Greece are outliers. Remittances seem to have had a macroeconomic stabilizing effect on Lithuania and to have mitigated in part the liquidity problems that Greece has faced since the sovereign debt crisis.
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spelling Are remittances an instrument of stabilization and funding in the euro area?remittancesbusiness cyclesprocyclicalcountercyclicaleuro areaIn this study, we explore the specific question of the counter cyclicality of remittances in the euro area, namely, if they could be used to stabilize the business cycle and as an additional source of external financing. This research uses data for 13 euro area countries in the period 2004–2013. For whole of the sample, our two hypotheses concerning stabilization and external financing are rejected, but Lithuania and Greece are outliers. Remittances seem to have had a macroeconomic stabilizing effect on Lithuania and to have mitigated in part the liquidity problems that Greece has faced since the sovereign debt crisis.2020-10-12T14:43:11Z2016-01-01T00:00:00Z2016info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10348/10137enghttps://doi.org/10.1080/13504851.2016.1142647Correia, Leonida Amaral TomasMartins, Patricia Sofia Figueiredoinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-02T12:45:26Zoai:repositorio.utad.pt:10348/10137Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T02:03:57.035853Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Are remittances an instrument of stabilization and funding in the euro area?
title Are remittances an instrument of stabilization and funding in the euro area?
spellingShingle Are remittances an instrument of stabilization and funding in the euro area?
Correia, Leonida Amaral Tomas
remittances
business cycles
procyclical
countercyclical
euro area
title_short Are remittances an instrument of stabilization and funding in the euro area?
title_full Are remittances an instrument of stabilization and funding in the euro area?
title_fullStr Are remittances an instrument of stabilization and funding in the euro area?
title_full_unstemmed Are remittances an instrument of stabilization and funding in the euro area?
title_sort Are remittances an instrument of stabilization and funding in the euro area?
author Correia, Leonida Amaral Tomas
author_facet Correia, Leonida Amaral Tomas
Martins, Patricia Sofia Figueiredo
author_role author
author2 Martins, Patricia Sofia Figueiredo
author2_role author
dc.contributor.author.fl_str_mv Correia, Leonida Amaral Tomas
Martins, Patricia Sofia Figueiredo
dc.subject.por.fl_str_mv remittances
business cycles
procyclical
countercyclical
euro area
topic remittances
business cycles
procyclical
countercyclical
euro area
description In this study, we explore the specific question of the counter cyclicality of remittances in the euro area, namely, if they could be used to stabilize the business cycle and as an additional source of external financing. This research uses data for 13 euro area countries in the period 2004–2013. For whole of the sample, our two hypotheses concerning stabilization and external financing are rejected, but Lithuania and Greece are outliers. Remittances seem to have had a macroeconomic stabilizing effect on Lithuania and to have mitigated in part the liquidity problems that Greece has faced since the sovereign debt crisis.
publishDate 2016
dc.date.none.fl_str_mv 2016-01-01T00:00:00Z
2016
2020-10-12T14:43:11Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10348/10137
url http://hdl.handle.net/10348/10137
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://doi.org/10.1080/13504851.2016.1142647
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
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