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Thus, having relatives abroad might arguably disguise any effect that monetary remittances could potentially have.
Official monetary remittances to Senegal almost tripled between 2002 and 2010, rising from $305 million to $1.16 billion, or about 10%% of GDP (Cisse, 2011).
The receipt of monetary remittances among those who report having an emigrant relative is never statistically significant for understanding the views of the role of the state in creating jobs, reducing inequality, or securing the well-being of society.
Another concern that we tackle is whether the null result we persistently get for the role of monetary remittances in shaping the views of the roles of the state is due to the fact that the category "having relatives abroad" subsumes those who receive remittances.
Receiving monetary remittances (Models 1 3) or being highly dependent on them (Models 4 6) is unrelated to respondents' attitudes concerning whether the state should play a major role in providing jobs, social welfare, and in reducing inequality, net of other factors.
Only 42.9% of the spouses of migrant workers reported receiving some form of monthly monetary remittances.> -wrap-foot> *The categories of migrant worker employment were classified according to the Sri Lanka Bureau of Foreign Employment.
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"Should it be the case that short-term interest rates rise, which of course could happen if the economy recovers and we need to normalize monetary policy, then those remittances could go down," Mr. Bernanke said Friday.
Indeed, in the basic setting, an additional monetary unit invested in remittances (and removed from savings so that the amount invested remains constant since s=x−r) used to increase the gap in consumption in favor of the origin country by D R ′.
In an email to staff on 8 January, Obaigbena said: "We will continue to engage with monetary authorities to hasten the necessary remittances required to pay you".
The concept of relational work is especially relevant to describe how financial transactions (such as economic remittances) are irreducible to their monetary dimension.
Official International Monetary Fund (IMF) estimates placed total worker remittances plus compensation of employees at $95 thousand million in 1998 (the most recent year for which these numbers are available), far exceeding official development assistance.
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