Migration and Remittances during the Global Financial Crisis and Beyond.
Title:
Migration and Remittances during the Global Financial Crisis and Beyond.
Author:
Sirkeci, Ibrahim.
ISBN:
9780821388273
Personal Author:
Physical Description:
1 online resource (428 pages)
Contents:
Half Title Page -- Title Page -- Copyright -- Contents -- Foreword -- Acknowledgments -- Contributors -- Abbreviations -- Introduction: Remittance Flows and Practices during the Crisis -- Part I -- Chapter 1. Theoretical Appraisal: Understanding Remittances -- Chapter 2. Forecasting Migrant Remittances during the Global Financial Crisis -- Chapter 3. Economic Crises and Migration: Learning from the Past and the Present -- Chapter 4. Remittance Flow, Working Capital Formation, and Economic Growth -- Part II -- Chapter 5. The Financial Crisis in the Gulf and Its Impact on South Asian Migration and Remittances -- Chapter 6. Gendered Use of Remittances: The United Arab Emirates-Bangladesh Remittance Corridor -- Chapter 7. Trends and Correlates of Remittances to India -- Chapter 8. Shocks Affecting the Flow and Stability of Workers' Remittances to India -- Chapter 9. Migrant Remittances in Nepal: Impact of Global Financial Crisis and Policy Options -- Chapter 10. Nepal: Migration History and Trends -- Chapter 11. Resilience of Remittances during the Global Financial Crisis and the Entrenchment of Migration -- Chapter 12. Rural-Urban Migration in the Context of Thailand's Ongoing Uneven Development -- Chapter 13. Migration and Remittances in Bangladesh and Pakistan: Evidence from Two Host Countries -- Chapter 14. Impacts of the Crisis on Migrants and Their Families: A Case Study from Bangladesh -- Part III -- Chapter 15. The Impact of the Financial Crisis on Remittance Flows: The Case of El Salvador -- Chapter 16. Remittance Flows to Mexico and Employment and Total Earnings of Mexican Immigrant Workers in the United States -- Part IV -- Chapter 17. The Impact of the Global Economic Downturn on Remittances from the European Union -- Chapter 18. Remittances and Evolving Migration Flows from Central and Eastern Europe to the United Kingdom.
Chapter 19. Effects of the Global Crisis on Migration and Remittances in Albania -- Chapter 20. The Impact of the Global Financial Crisis on Migration to and Remittance Flows from Spain -- Part V -- Chapter 21. Forecasting Turkish Workers' Remittances from Germany during the Financial Crisis -- Chapter 22. Remittances in an Environment of Human Insecurity: The Kurdish Case -- Chapter 23. Financial Crisis and Remittances from Denmark to Turkey -- Chapter 24. Work and Remittance Patterns of Irregular Immigrants in Turkey -- Part VI -- Chapter 25. Labor Migration, Overseas Remittances, and Local Outcomes in the Contemporary Philippines -- Chapter 26. The New Zealand-Pacific Remittance Corridor: Lowering Remittance Costs -- Chapter 27. Role of Trade Openness, Remittances, Capital Inflows, and Financial Development in Vanuatu -- Part VII -- Chapter 28. Remittances to Sub-Saharan Africa in the Wake of a Financial Crisis: Source of Resilience or Vulnerability? -- Chapter 29. From Shock Absorber to Shock Transmitter: Determinants of Remittances in Sub-Saharan Africa -- Chapter 30. A Comparative Examination of Women's Remittance Practices in Two Somali Communities: Johannesburg, South Africa, and Columbus, Ohio -- Part VIII -- Chapter 31. The Global Crisis and Expatriates' Remittances to Lebanon -- Chapter 32. Migrant Transfers in the MENA Region: A Two-Way Street in Which Traffic Is Changing -- Bibliography -- Index -- Back Cover.
Abstract:
During the 2008 financial crisis, the possible changes in remittance-sending behavior and potential avenues to alleviate a probable decline in remittance flows became concerns. This book brings together a wide array of studies from around the world focusing on the recent trends in remittance flows. The authors have gathered a select group of researchers from academic, practitioner and policy making bodies. Thus the book can be seen as a conversation between the different stakeholders involved in or affected by remittance flows globally. The book is a first-of-its-kind attempt to analyze the effects of an ongoing crisis on remittance flows globally.Data analyzed by the book reveals three trends. First, The more diversified the destinations and the labour markets for migrants the more resilient are the remittances sent by migrants. Second, the lower the barriers to labor mobility, the stronger the link between remittances and economic cycles in that corridor. And third, as remittances proved to be relatively resilient in comparison to private capital flows, many remittance-dependent countries became even more dependent on remittance inflows for meeting external financing needs.There are several reasons for migration and remittances to be relatively resilient to the crisis. First, remittances are sent by the stock (cumulative flows) of migrants, not only by the recent arrivals (in fact, recent arrivals often do not remit as regularly as they must establish themselves in their new homes). Second, contrary to expectations, return migration did not take place as expected even as the financial crisis reduced employment opportunities in the US and Europe. Third, in addition to the persistence of migrant stocks that lent persistence to remittance flows, existing migrants often absorbed income shocks and continued to send money home. Fourth, if some
migrants did return or had the intention to return, they tended to take their savings back to their country of origin. Finally, exchange rate movements during the crisis caused unexpected changes in remittance behavior: as local currencies of many remittance recipient countries depreciated sharply against the US dollar, they produced a "sale" effect on remittance behavior of migrants in the US and other destination countries.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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Electronic Access:
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