Mohapatra, SanketRatha, Dilip2012-08-132012-08-132010-02https://hdl.handle.net/10986/10210Remittances to developing countries are estimated to have declined by 6.1 percent in 2009 as a result of weak job markets in major destination countries. Although new migration has fallen, it is still positive. The stock of international migrants, therefore, has continued to grow and remittances have remained resilient. Going forward, remittance flows to Latin America are expected to recover, whereas those to East Asia and South Asia are likely to slow. Policy responses should involve efforts to facilitate migration and remittances to make these flows cheaper, safer, and more productive for both the sending and the receiving countries.CC BY 3.0 IGOACCESSION COUNTRIESARBITRATIONASSETSBANK DEPOSITSBANKING NETWORKSBENEFICIARIESBONDSBORDER TRANSFERSCAPITAL ADEQUACYCAPITAL FLOWSCAPITAL MARKETCENTRAL BANKSCOMPENSATION OF EMPLOYEESCONSUMER LOANSCOUNTRIES OF ORIGINCREDIT HISTORYCREDIT MARKETSCREDIT RATINGDEPOSITDEPOSITSDEPRECIATIONDEPRESSIONDEVELOPING COUNTRIESDEVELOPMENT ASSISTANCEDEVELOPMENT FINANCEDIASPORAECONOMIC CRISESECONOMIC CRISISECONOMIC DOWNTURNECONOMIC DOWNTURNSECONOMIC GROWTHECONOMIC POLICYEMERGING MARKETEMERGING MARKETSEMPLOYERSEQUITY FLOWSEXCHANGE CONTROLSEXCHANGE RATEEXCHANGE RATE MOVEMENTEXCHANGE RATE MOVEMENTSEXPENDITUREEXPENDITURESEXTERNAL FINANCEEXTERNAL FINANCINGFAMILIESFINANCIAL ACCESSFINANCIAL CRISESFINANCIAL CRISISFINANCIAL INTERMEDIARIESFINANCIAL RESOURCESFINANCIAL TRANSACTIONFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN INVESTORSGLOBAL DEVELOPMENT FINANCEGLOBAL ECONOMYGROWTH RATEHIGH-INCOME COUNTRIESHOME BUYERSHOME COUNTRIESHOST COUNTRIESHOST COUNTRYHOUSEHOLDSINCOMEINCOME SHOCKSINCOMESINFORMAL CHANNELSINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE PROJECTSINSURANCEINSURANCE PRODUCTSINTEREST RATEINTEREST RATE DIFFERENTIALSINTEREST RATESINTERMEDIARY BANKSINTERNATIONAL CREDITINTERNATIONAL DEVELOPMENTINTERNATIONAL LABOUR ORGANIZATIONINTERNATIONAL MIGRANTSINTERNATIONAL MIGRATIONINTERNATIONAL REMITTANCESINVESTMENT PURPOSESINVESTMENT · POLICYLABOR MARKETLEVERAGELOANLOAN PRODUCTSLOCAL CURRENCYLOW-INCOME COUNTRIESMACROECONOMIC LEVELMARKET ACCESSMFIMICROFINANCEMICROFINANCE INSTITUTIONMIDDLE-INCOME COUNTRIESMIGRANT TRANSFERSMIGRANT WORKERSMIGRATION POLICYMOBILE PHONEMONETARY FUNDMONEY TRANSFERMONEY-TRANSFER COMPANIESMORTGAGESNATIONAL INCOMENATURAL DISASTERSOIL PRICESOUTPUTPAYMENT SYSTEMSPHONE NETWORKSPOLICY RESPONSESPOSTAL NETWORKSPOVERTY REDUCTIONPRIVATE BANKSPRIVATE CAPITALPRIVATE CAPITAL FLOWSPRIVATE CAPITAL INFLOWSPRIVATE DEBTPROTECTIONIST MEASURESPUBLIC EXPENDITUREQUOTASRECESSIONREMITTANCEREMITTANCE COSTSREMITTANCE FLOWSREMITTANCE INFLOWSREMITTANCE INFLOWS AS COLLATERALREMITTANCE MARKETREMITTANCE PROVIDERSREMITTANCE SERVICEREMITTANCE SERVICE PROVIDERSREMITTANCE SERVICESREMITTANCESREMITTANCES FOR INVESTMENTRETURNRETURN MIGRATIONSAVINGSSEND REMITTANCESSETTLEMENTSKILLED MIGRANTSSKILLED WORKERSSLOWDOWNSMALL BUSINESSESSOCIAL SECURITYSTOCKSTERRORISMTRANSACTIONTRANSPARENCYUNEMPLOYMENTUNEMPLOYMENT INSURANCEUNEMPLOYMENT RATESVALUATIONWorld Bank10.1596/10210