Global Remittances Cycle
Posted: 14 Mar 2025
Date Written: February, 2025
Abstract
Workers' remittances, the earnings sent home by migrant workers abroad, play a crucial role in supporting the economies of developing countries. Remittances enable lower-income households in developing nations to secure access to essential needs such as food, housing, education and healthcare services.
Suggested Citation: Suggested Citation
Monterroso, Oscar and Vilan, Diego, Global Remittances Cycle (February, 2025). FEDS Notes No. 2025-02-27, Available at SSRN: https://ssrn.com/abstract=5176501 or http://dx.doi.org/10.17016/2380-7172.3715
Diego Vilan
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
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