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Conferences


February 21-22, 2008

Developing countries received an estimated at $240 billion in remittances in 2007—an increase of more than 130 percent since 2001. In developing countries, remittances make up about 2 percent of total income and have become increasingly important as a source of foreign income in terms of both magnitude and growth. Given the importance of this source of capital, the Federal Reserve Bank of Atlanta hosted a two-day conference where scholars presented and discussed their research on the macroeconomic impact of remittances.

Conference Papers
Thursday, February 21

"Assimilation and Remittances"
Oded Stark

Presenter
Oded Stark, University of Bonn

Disscussant
Dean Yang, University of Michigan

"The Macroeconomic Consequences of Remittances" pdf document
Dennis Jansen, George Naufal, and Diego Vacaflores

Presenter
Diego Vacaflores, Texas State University

Disscussant
Ceyhun Bora Durdu, Federal Reserve Board of Governors

"Remittances, Exchange Rate Regimes, and the Dutch Disease: A Panel Data Analysis" pdf document
Pablo Acosta, Emmanuel Lartey, and Federico Mandelman

Presenter
Emmanuel Lartey, California State University-Fullerton

Disscussant
Diego Vacaflores, Texas State University

"Migration and Remittances: A New Approach with Endogenous Exchange Rates and the Possibility of Multiple Equilibria"
Hyejin Ku

Presenter
Hyejin Ku, Florida State University

Disscussant
Prachi Mishra, IMF, or Antonio Spilimbergo, IMF

"Remittances and the Real Exchange Rate" pdf document
Humberto Lopez, Luis Molina, and Maurizio Bussolo

Presenter
Luis Molina, Bank of Spain

Disscussant
Pablo Acosta, Andean Development Corporation

"Remittances and the Problem of Control: A Field Experiment with Migrant Families in El Salvador and Washington, D.C."
Dean Yang, Nava Ashraf, Claudia Martinez, and Diego Aycinena

Presenter
Dean Yang, University of Michigan

Disscussant
Olga Shemyakina, Georgia Tech University

"Remittance Volatility and Asset Accumulation"
Catalina Amuedo-Dorantes and Susan Pozo

Presenter
Catalina Amuedo-Dorantes, San Diego State University

Disscussant
Myriam Quispe-Agnoli, Federal Reserve Bank of Atlanta

"Emerging Market Business Cycles with Remittance Fluctuations" pdf document
Ceyhun Bora Durdu and Serdar Sayan

Presenter
Ceyhun Bora Durdu, Federal Reserve Board

Disscussant
Pedro Silos, Federal Reserve Bank of Atlanta

"Beware of Emigrants Bearing Gifts: Optimal Fiscal and Monetary Policy in the Presence of Remittances" pdf document
Ralph Chami, Thomas F. Cosimano, and Michael Gapen

Presenter
Thomas F. Cosimano, University of Notre Dame, or Michael Gapen, IMF

Disscussant
Federico Mandelman, Federal Reserve Bank of Atlanta


Friday February 22

"Migrant Remittances, Financial Globalization, and Exchange Rate Regimes in the Developing World" pdf document
David Singer

Presenter
David Singer, Massachusetts Institute of Technology

Disscussant
Luis Molina, Bank of Spain

"Labor and Devaluation in an Integrated World"
Prachi Mishra and Antonio Spilimbergo

Presenters
Prachi Mishra, IMF, and Antonio Spilimbergo, IMF

Disscussant
Catalina Amuedo-Dorantes, San Diego State University

"Against the Tide: Currency Use Among Latin American Immigrants in Chicago" pdf document
Carrie Jankowski, Richard Porter, and Tara Rice

Presenter
Tara Rice, Federal Reserve Bank of Chicago

Disscussant
Hyejin Ku, Florida State University

"Banks, Remittances and Financial Deepening in Receiving Countries. A Model" pdf document
Enrique Alberola and Rodrigo Salvado

Presenter
Enrique Alberola, Bank of Spain

Disscussant
A.K.M Mahbub Morshed, Southern Illinois University at Carbondale

"Do Remittances Have a Flip Side? A General Equilibrium Analysis of Remittances, Labor Supply Responses and Policy Options for Jamaica" pdf document
Maurizio Bussolo and Denis Medvedev

Presenter
Denis Medvedev, The World Bank

Disscussant
Melissa Siegel, U Maastricht

"Oil Prices and Remittances: Impacts of Oil Price Shocks on the Macroeconomy of a Small, Oil Importing, and Labor Exporting Country" pdf document
A.K.M Mahbub Morshed and Basharat A. Pitafi

Presenter
A.K.M Mahbub Morshed, Southern Illinois University at Carbondale

Disscussant
Michael Gapen, IMF

"Remittances and Banking Services: Evidence from Mexico" pdf document
Asli Demirguc-Kunt, Ernesto Lopez Cordova, Soledad Marinez Peria, and Christopher Woodruff

Presenter
Maria Soledad Martinez Peria, The World Bank

Disscussant
Susan Pozo, Western Michigan University

"The Labor Market Experience and Impact of Undocumented Workers" pdf document
Myriam Quispe-Agnoli and Julie Hotchkiss

Presenter
Myriam Quispe-Agnoli, Federal Reserve Bank of Atlanta

Disscussant
Sharri Byron, University of Georgia