Asymmetric real exchange rates and poverty: the role of remittances
Journal Publication ResearchOnline@JCUApergis, Nicholas;Cooray, Arusha
Abstract
This paper explores the asymmetric effect of real exchange rate changes on poverty through the remittance channel for a panel of 99 countries, spanning the period 1980–2015. Considering a threshold partial adjustment modelling approach, the results document that real exchange rate depreciations exert a stronger positive effect on poverty through remittances. The results are expected to be of substantial importance in the case of emerging and developing countries in designing exchange rate and inflation policies that affect the poverty levels of their population through the mechanism of remittances.
Journal
Emerging Markets Review
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Volume
35
ISBN/ISSN
1873-6173
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Pages Count
9
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Publisher
Elsevier
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Publisher Location
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Publish Date
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Url
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Date
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EISSN
N/A
DOI
10.1016/j.ememar.2018.02.001