01850cas a2200241 a 4500 AALejournalIMF008931 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451862621 1018-5941 BD-DhAAL BD-DhAAL Kireyev, Alexei. The Macroeconomics of Remittances : The Case of Tajikistan / Alexei Kireyev. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (26 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 The paper seeks to assess the macroeconomic implications of large-scale inward remittances for a small open economy. By including remittances in several standard models, the paper concludes that the overall macroeconomic impact of remittances is likely to be ambiguous. The impact depends on the structural characteristics of the receiving country, in particular its consumption and investment patterns, and its capacity to manage large financial inflows. As data deficiencies and methodological problems associated with remittances preclude crosscountry empirical investigation, the paper illustrates these findings with data on Tajikistan, where remittances as a share of GDP are among the highest in the world. The paper also evaluates the pros and cons of remittances in a broader political economy context. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/002 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/002/001.2006.issue-002-en.xml IMF e-Library