ATLANTA FED: “FINANCIAL DEVELOPMENT REMITTANCES AND REAL EXCHANGE RATE APPRECIATION”

March 5, 2009 at 12:30 am | Posted in Development, Economics, Financial, Research, Third World, World-system | Leave a comment

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Economic Review No. 1 2009‏

AtlantaFed@frbatlanta.org

Wed 3/04/09

Economic Review

Federal Reserve Bank of Atlanta

Vol. 94 No. 1 2009

The following information is now available on the Federal Reserve Bank of Atlanta’s Web site:

Financial Development, Remittances, and Real Exchange Rate Appreciation
Pablo A. Acosta, Nicole Rae Baerg, and Federico S. Mandelman

Remittances can raise the real exchange rate for recipient economies. But countries with better-developed financial markets can more effectively channel remittances toward investment activities and thus assuage remittances’ appreciation effects on the local currency.

ERRATUM: The Economic Review, No. 4, 2008 “The Evolution of the Check as a Means of Payment: A Historical Survey,” by Stephen Quinn and William Roberds, originally posted on December 17, 2008, contained inaccurately cited information on the last line of page 15 and the first line of page 16. A corrected version of the article was posted on January 30, 2009. We apologize for any inconvenience this error may have caused.

To view our Web site, go to http://www.frbatlanta.org.

Federal Reserve Bank of Atlanta

Comments, questions, or suggestions?

Please e-mail us at webmaster@frbatlanta.org.

Economic Review No. 1 2009‏

AtlantaFed@frbatlanta.org

http://www.frbatlanta.org

Economic Review

Federal Reserve Bank of Atlanta

Vol. 94 No. 1 2009

Wed 3/04/09

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