01689cas a2200241 a 4500 AALejournalIMF004146 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863925 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Determinants of Emigrant Deposits in Cape Verde. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In the last decade Cape Verde has experienced a strong accumulation of emigrant deposits. These deposits have provided much needed foreign exchange to the country, adding support to the exchange rate peg. This paper studies the long-run determinants of emigrant deposits with respect to risk, wealth, and return variables, isolating speculative and altruistic motives underlying the accumulation of flows. The study suggests that the temporary character of recent emigration is responsible for the rise in the share of flows driven by altruism. Finally, the paper discusses policy implications in light of the empirical findings and the recent literature on this topic. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/132 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/132/001.2006.issue-132-en.xml IMF e-Library