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The Impact of Global Economic Crisis on Remittances in the Commonwealth of Independent States
Södertörn University, School of Social Sciences, Sociology. Södertörn University, School of Social Sciences, SCOHOST (Stockholm Centre on Health of Societies in Transition).ORCID iD: 0000-0001-5224-788X
2009 (English)In: Eurasian geography and economics, ISSN 1538-7216, E-ISSN 1938-2863, Vol. 50, no 4, p. 447-463Article in journal (Refereed) Published
Abstract [en]

Two European geographers and an economist analyze the impact of the 2008-2009 global economic recession on remittances in the Commonwealth of Independent States. Drawing on balance-of-payments data as well as information on money transfers to and from the region, they detail the annual growth of remittances since 2001, illustrating the growing importance of this income stream to a number of countries in the region. Using quarterly data, they then provide details of the impact of the financial crisis on remittances starting with the 2007 credit crunch and intensifying with the collapse of global markets in 2008. Based on the impact of the 1998 Russian Crisis, they suggest that by 2012, remittances to the region could fall to only one-third the 2008 level, and that a return to pre-crisis levels of remittances could take almost a decade.

Place, publisher, year, edition, pages
2009. Vol. 50, no 4, p. 447-463
Keywords [en]
Russia, CIS, Kazakhstan, remittances, migrant workers, global economic crisis, balance of payments, FDI
National Category
Human Geography
Identifiers
URN: urn:nbn:se:sh:diva-9684DOI: 10.2747/1539-7216.50.4.447ISI: 000268302400005Scopus ID: 2-s2.0-76149094528OAI: oai:DiVA.org:sh-9684DiVA, id: diva2:428549
Available from: 2011-06-30 Created: 2011-06-30 Last updated: 2017-12-11Bibliographically approved

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Gentile, Michael

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • harvard-anglia-ruskin-university
  • apa-old-doi-prefix.csl
  • sodertorns-hogskola-harvard.csl
  • sodertorns-hogskola-oxford.csl
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf