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Worker’s remittances as stable financial flows: some evidence from India

  • Economics


This paper dwells upon the financial dimension of workers’ remittances as this issue has assumed significant policy attention across the spectrum of developing countries. Specifically, it addresses the following: i) Literature on workers’’ remittances in a macro economic framework; ii) Stability of workers’ remittances as a sustainable source of external finance; iii) Channels through the workers’ remittances flows into India and the issue of high transaction cost entailed in transmitting funds; and (iv) Impact of policy reforms in India on the modes of remittance transfers.

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