01667cas a2200253 a 4500 AALejournalIMF009678 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451868364 1018-5941 BD-DhAAL BD-DhAAL Gradzka, Ewa. Do Remittances to Latin America Depend on the U.S. Business Cycle? / Ewa Gradzka, Shaun Roache. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (32 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 We use a range of methods and remittance data from 1990 to 2007 to assess the strength and significance of linkages between remittance flows to Latin America and the U.S. business cycle. All of the evidence suggests that remittance flows are relatively insensitive to fluctuations in the U.S. cycle, underlining their role as a stable source of external financing, in good times and bad. A number of factors, notwithstanding uncertainties related to official remittance data reliability, might explain this result, including remittance smoothing and flexible immigrant labor markets. Mode of access: Internet Roache, Shaun. IMF Working Papers; Working Paper ; No. 2007/273 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/273/001.2007.issue-273-en.xml IMF e-Library