Kim, Jounghyeon - In: Emerging Markets Finance and Trade 49 (2013) 6, pp. 88-111
Employing the first-generation currency crisis model of Flood and Garber (1984), I explore the financial effects of … migrants' remittances on the economies of developing and emerging countries in a currency crisis. The model implies that … remittances can contribute to a reduction in the likelihood of a currency crisis and appreciation in foreign exchange rates via …