About this work
Remittances could offer less protection during a synchronized global shock than during a local downturn. Benjamin Hilgenstock, Elina Ribakova and Jonathan Fortun examine early 2020 evidence of slowing transfers as other foreign flows weakened. Their June assessment identifies Central America, the Caribbean, the Philippines and Egypt as particularly exposed.
Abstract
Remittances could offer less protection during a synchronized global shock than during a local downturn. Benjamin Hilgenstock, Elina Ribakova and Jonathan Fortun examine early 2020 evidence of slowing transfers as other foreign flows weakened. Their June assessment identifies Central America, the Caribbean, the Philippines and Egypt as particularly exposed.
Cite this work
Benjamin Hilgenstock, Elina Ribakova, Jonathan Fortun (2020). Macro Notes: The EM/FM Remittances Challenge. Institute of International Finance.