Published in:FRB of Atlanta Working Paper ; No. 2008-12
Extent:
1 Online-Ressource (28 p)
Language:
English
DOI:
10.2139/ssrn.1109206
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2008 erstellt
Description:
Using disaggregated sectorial data, this study shows that rising levels of remittances have spending effects that lead to real exchange rate appreciation and resource movement effects that favor the nontradable sector at the expense of tradable goods production. These characteristics are two aspects of the phenomenon known as Dutch disease. The results further indicate that these effects operate more strongly under fixed nominal exchange rate regimes