01949cas a2200265 a 4500 AALejournalIMF014171 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484385081 1018-5941 BD-DhAAL BD-DhAAL Bettin, Giulia. Remittances and Vulnerability in Developing Countries / Giulia Bettin, Andrea Presbitero, Nikola Spatafora. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (33 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 examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing countries over the period 2005-2011. We find that remittances are negatively correlated with the business cycle in recipient countries, and increase in response to adverse exogenous shocks, such as natural disasters or large declines in the terms of trade. Remittances are positively correlated with economic conditions in the source province. Nevertheless, in the presence of similar negative shocks to both source and recipient economies, remittances remain counter-cyclical with respect to the recipient country. Mode of access: Internet Presbitero, Andrea. Spatafora, Nikola. IMF Working Papers; Working Paper ; No. 2014/013 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/013/001.2014.issue-013-en.xml IMF e-Library