{
  "title": "Do Remittances to Latin America Depend on the U.S. Business Cycle?",
  "publication": "IMF Working Papers, December 1, 2007",
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  "summary": "We use a range of methods and remittance data from 1990 to 2007 to assess the strength and significance of linkages between remittance flows to Latin America and the U.S. business cycle. All of the evidence suggests that remittance flows are relatively insensitive to fluctuations in the U.S.",
  "sections": [
    {
      "heading": "Core finding",
      "content": "- Using remittance data from 1990 to 2007 and a range of methods, the authors find that remittance flows to Latin America are \"relatively insensitive to fluctuations in the U.S. cycle.\"\n- Remittances are characterized as a stable source of external financing \"in good times and bad.\""
    },
    {
      "heading": "Methods and data",
      "content": "- Time coverage: 1990 to 2007.\n- Analytical approach: \"a range of methods\" (unspecified on the page) applied to remittance data to assess strength and significance of linkages with the U.S. business cycle.\n- The paper is presented as IMF Working Paper No. 2007/273."
    },
    {
      "heading": "Explanations and caveats",
      "content": "- Possible explanations offered for the low sensitivity of remittances to the U.S. business cycle include:\n  - Remittance smoothing.\n  - Flexible immigrant labor markets.\n- A caveat noted: uncertainties related to official remittance data reliability may affect assessments."
    },
    {
      "heading": "Implications",
      "content": "- Remittances function as a relatively stable source of external financing for Latin American economies, providing resilience to fluctuations in the U.S. business cycle.\n- The stability of remittance flows supports their role in smoothing income for recipient economies through U.S. downturns."
    },
    {
      "heading": "Metadata (from page)",
      "content": "- Authors: Ewa Gradzka, Shaun K. Roache\n- Date: December 1, 2007\n- Subjects: Business cycles, Economic and financial statistics, Income, Migrant labor, Remittances\n- Keywords: business cycle, WP\n\nSource: \"Do Remittances to Latin America Depend on the U.S. Business Cycle?\" by Ewa Gradzka and Shaun K. Roache, December 1, 2007.\n\n---\n\n Content in this bundle\n\n- Wp07273\n  - Wp07273 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Wp07273 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/do-remittances-to-latin-america-depend-on-the-u-s-21458"
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    "Authors: Ewa Gradzka, Shaun K. Roache",
    "Published: December 1, 2007",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451868364.001",
    "Using remittance data from 1990 to 2007 and a range of methods, the authors find that remittance flows to Latin America are \"relatively insensitive to fluctuations in the U.S. cycle.\"",
    "Remittances are characterized as a stable source of external financing \"in good times and bad.\"",
    "Time coverage: 1990 to 2007.",
    "Analytical approach: \"a range of methods\" (unspecified on the page) applied to remittance data to assess strength and significance of linkages with the U.S. business cycle.",
    "The paper is presented as IMF Working Paper No. 2007/273.",
    "Possible explanations offered for the low sensitivity of remittances to the U.S. business cycle include:",
    "A caveat noted: uncertainties related to official remittance data reliability may affect assessments.",
    "Remittances function as a relatively stable source of external financing for Latin American economies, providing resilience to fluctuations in the U.S. business cycle.",
    "The stability of remittance flows supports their role in smoothing income for recipient economies through U.S. downturns.",
    "Authors: Ewa Gradzka, Shaun K. Roache",
    "Date: December 1, 2007",
    "Subjects: Business cycles, Economic and financial statistics, Income, Migrant labor, Remittances",
    "Keywords: business cycle, WP",
    "**Wp07273**"
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