01887cas a2200289 a 4500 AALejournalIMF013142 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475535822 1018-5941 BD-DhAAL BD-DhAAL Barajas, Adolfo. Workers' Remittances : An Overlooked Channel of International Business Cycle Transmission? / Adolfo Barajas, Ralph Chami, Christian Ebeke, Sampawende Tapsoba. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (25 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 This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study demonstrates that this effect is robust and causal. Moreover, the econometric analysis reveals that remittance flows are more effective in channeling economic downturns than upswings from the sending countries to remittance-receiving economies. The analysis suggests that measures of openness and spillovers could be enhanced by accounting for the role of the remittances channel. Mode of access: Internet United States imf Chami, Ralph. Ebeke, Christian. Tapsoba, Sampawende. IMF Working Papers; Working Paper ; No. 2012/251 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/251/001.2012.issue-251-en.xml IMF e-Library