Remittances and the Global Financial Crisis

Abstract

Migrant remittances are an important source of external finance for developing countries. The current financial crisis is believed to have influenced migrant remittance flows as well as volume and patterns of use of remittances. In this special issue, a collection of cases from around the world is presented to understand the immediately felt effects of the crisis. Potential influences due to the crisis impact on migration patterns are yet to be seen and studied.

Keywords: remittances, global financial crisis, international migration

JEL Classification: F22, F24