Financing%20the%20Family%3A%20Remittances%20to%20Central%20America%20in%20a%20Time%20of%20Crisis

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Financing the Family: Remittances to Central America in a Time of Crisis



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CODE: IDB-BK-119
AUTHOR(s): Inchauste, Gabriela Stein, Ernesto H.
PUBLISHED: September 2013
LANGUAGE: English
RELATED TOPICS: Finance

 

Abstract:

Interest in learning how to make the most of the developmental benefits of remittance flows has grown worldwide, but few attempts have been made to summarize existing knowledge in a way that is easy to digest. Financing the Family adds to that body of knowledge with a summary of recent research that emphasizes experimental approaches, focuses on Central America, and analyzes the impact of the recent financial crisis. It finds that while remittances generate many benefits for both migrants and their families back home, the long-term effects of migration on social cohesion and child welfare demands further study.

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