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Remittances & Migration Future-Flow Securitization Country Risk Rating |
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NY Times article
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Welcome to my personal website. If you would like to be added to my
distribution list, or have a question or thought, please send me an email. Please visit Peoplemove Blog and contribute your
thoughts. NEW: “New Paths to Funding.” This article in
the June 2009 issue of Finance and Development discusses performance-indexed
bonds, diaspora bonds, securitization of future remittances and export
earnings as possible means for restoring or starting access of poor country
borrowers to international capital markets. The impact of financial crisis on migration and remittance
flows in Sub-Saharan Africa,
video
and powerpoint presentation, April 28, 2009. Migration and Development Brief #9 on crisis,
remittances and migration, March 23, 2009. BOOK: Innovative Financing for Development "On Finite
Lifetimes and Growth." This early paper argued that steady
state equilibrium growth may not be feasible in an overlapping generations
model if wages had to be paid in advance. Several influential papers
analyzing macroeconomic policies assume that the “capital argument of the
production function is the saving of the previous period”, but they ignore
this lag in determining the price of capital, leading to underpricing of
capital. The non-existence of steady state equilibrium would imply the
recurrence of business cycles, of financial crisis every now and then. Updated 6/14/2009 |
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