Remittances And Social Safety Nets During Covid 19 Evidence From Georgia And The Kyrgyz Republic
Download Remittances And Social Safety Nets During Covid 19 Evidence From Georgia And The Kyrgyz Republic full books in PDF, epub, and Kindle. Read online free Remittances And Social Safety Nets During Covid 19 Evidence From Georgia And The Kyrgyz Republic ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Remittances and Social Safety Nets During COVID 19 Evidence from Georgia and the Kyrgyz Republic
Author | : Nordine Abidi,Mehdi Akhbari,Bashar Hlayhel,Sahra Sakha |
Publsiher | : International Monetary Fund |
Total Pages | : 27 |
Release | : 2023-05-05 |
Genre | : Electronic Book |
ISBN | : 9798400240966 |
Download Remittances and Social Safety Nets During COVID 19 Evidence from Georgia and the Kyrgyz Republic Book in PDF, Epub and Kindle
Remittances and Social Safety Nets During COVID-19: Evidence From Georgia and the Kyrgyz Republic
Central Bank Digital Currencies in the Middle East and Central Asia
Author | : Serpil Bouza,Bashar Hlayhel,Thomas Kroen,Mr. Marcello Miccoli,Borislava Mircheva,Greta Polo,Sahra Sakha,Yang Yang |
Publsiher | : International Monetary Fund |
Total Pages | : 66 |
Release | : 2024-04-26 |
Genre | : Business & Economics |
ISBN | : 9798400263798 |
Download Central Bank Digital Currencies in the Middle East and Central Asia Book in PDF, Epub and Kindle
Against the backdrop of a rapidly digitalizing world, there is a growing interest in central bank digital currencies (CBDCs) among central banks, including in the Middle East and Central Asia (ME&CA) region. This paper aims to support ME&CA policymakers in examining key questions when considering the adoption of a CBDC while underscoring the importance of country-specific analyses. This paper does not provide recommendations on CBDC issuance. Instead, it frames the discussion around the following key questions: What is a CBDC? What objectives do policymakers aim to achieve with the issuance of a CBDC? Which inefficiencies in payment systems can CBDCs address? What are the implications of CBDC issuance for financial stability and central bank operational risk? How can CBDC design help achieve policy objectives and mitigate these risks? The paper provides preliminary answers to these questions at the regional level. A survey of IMF teams and public statements from ME&CA policymakers confirm that promoting financial inclusion and making payment systems more efficient (domestic and cross-border) are the top priorities in the region. Payment services through CBDCs, if offered at a lower cost than existing alternatives, could spur competition in the payment market and help increase access to bank accounts, improve financial inclusion, and update legacy technology platforms. CBDCs may also help improve the efficiency of cross-border payment services, especially if designed to address frictions arising from a lack of payment system interoperability, complex processing of compliance checks, long transaction chains, and weak competition. At the same time, CBDCs could negatively impact bank profitability while introducing a substantial operational burden for central banks. However, the exact economic and financial impacts of CBDCs need further study and would depend on estimates of CBDC demand, which are uncertain and country- dependent. CBDC issuance and adoption is a long journey that policymakers should approach with care. Policymakers need to analyze carefully whether a CBDC serves their country’s objectives and whether the expected benefits outweigh the potential costs, in addition to risks for the financial system and operational risks for the central bank.
Defying the Odds Remittances During the COVID 19 Pandemic
Author | : Mr. Kangni R Kpodar,Mr. Montfort Mlachila,Mr. Saad N Quayyum,Vigninou Gammadigbe |
Publsiher | : International Monetary Fund |
Total Pages | : 35 |
Release | : 2021-07-16 |
Genre | : Business & Economics |
ISBN | : 9781513578453 |
Download Defying the Odds Remittances During the COVID 19 Pandemic Book in PDF, Epub and Kindle
This paper provides an early assessment of the dynamics and drivers of remittances during the COVID-19 pandemic, using a newly compiled monthly remittance dataset for a sample of 52 countries, of which 16 countries with bilateral remittance data. The paper documents a strong resilience in remittance flows, notwithstanding an unprecedent global recession triggered by the pandemic. Using the local projection approach to estimate the impulse response functions of remittance flows during Jan 2020-Dec 2020, the paper provides evidence that: (i) remittances responded positively to COVID-19 infection rates in migrant home countries, underscoring its role as an important automatic stabilizer; (ii) stricter containment measures have the unintended consequence of dampening remittances; and (iii) a shift from informal to formal remittance channels due to travel restrictions appears to have also played a role in the surge in formal remittances. Lastly, the size of the fiscal stimulus in host countries is positively associated with remittances as the fiscal response cushions the economic impact of the pandemic.
Macroeconomic Consequences of Remittances
Author | : Connel Fullenkamp,Mr. Thomas F. Cosimano,Michael T. Gapen,Mr. Ralph Chami,Mr. Peter Montiel,Mr. Adolfo Barajas |
Publsiher | : International Monetary Fund |
Total Pages | : 94 |
Release | : 2008-03-11 |
Genre | : Business & Economics |
ISBN | : 9781451925258 |
Download Macroeconomic Consequences of Remittances Book in PDF, Epub and Kindle
Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their development potential--by reporting the results of the first global study of the comprehensive macroeconomic effects of remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely been overlooked. The main challenge for policymakers in countries that receive significant flows of remittances is to design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these policy prescriptions correct early on is imperative. Globalization and the aging of developed economy populations will ensure that demand for migrant workers remains robust for years to come. Hence, the volume of remittances likely will continue to grow, and with it, the challenge of unlocking the maximum societal benefit from these transfers.
The Global Findex Database 2017
Author | : Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar |
Publsiher | : World Bank Publications |
Total Pages | : 148 |
Release | : 2018-04-19 |
Genre | : Business & Economics |
ISBN | : 9781464812682 |
Download The Global Findex Database 2017 Book in PDF, Epub and Kindle
In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Navigating COVID 19 in Asia and the Pacific
Author | : Bambang Susantono,Yasuyuki Sawada,Cyn-Young Park |
Publsiher | : Asian Development Bank |
Total Pages | : 324 |
Release | : 2020-09-01 |
Genre | : Medical |
ISBN | : 9789292623562 |
Download Navigating COVID 19 in Asia and the Pacific Book in PDF, Epub and Kindle
Coronavirus disease (COVID-19) has unleashed unparalleled challenges. At the same time, it offers a window to rethink Asia’s most fundamental development policies and strategies to address inequality, socioeconomic vulnerability, and environmental challenges. This publication gathers blogs and short policy pieces contributed by ADB staff and experts in an attempt to tackle immediate challenges and prepare for what may lie beyond the horizon. It covers a broad range of development challenges and highlights the crucial role of rapid adoption of digital technologies, adequate supply of quality infrastructure, disaster risk management, and strengthening regional cooperation for a resilient and sustainable future by shaping post-pandemic conditions.
Labor Migration in Asia
Author | : Anonim |
Publsiher | : Unknown |
Total Pages | : 121 |
Release | : 2018 |
Genre | : Electronic Book |
ISBN | : 4899740913 |
Download Labor Migration in Asia Book in PDF, Epub and Kindle
Catastrophe Containment and Relief Trust Fourth Tranche of Debt Service Relief in The Context of The Covid 19 Pandemic and Approval of Additional Beneficiary Member Countries
Author | : International Monetary Fund |
Publsiher | : International Monetary Fund |
Total Pages | : 133 |
Release | : 2021-10-08 |
Genre | : Business & Economics |
ISBN | : 9781513594811 |
Download Catastrophe Containment and Relief Trust Fourth Tranche of Debt Service Relief in The Context of The Covid 19 Pandemic and Approval of Additional Beneficiary Member Countries Book in PDF, Epub and Kindle
The paper provides brief updates for each CCRT-eligible country on its policy responses to the pandemic and on staff’s assessments of these policies, the use of resources freed up by debt service relief, and the implementation of governance safeguards commitments. The paper also provides an update on the financial situation of the CCRT. The generous support from 17 donor countries and the EU has mobilized SDR 609 million in new pledges since the onset of the pandemic.