Remittances, funds transferred from migrants to their home country, are a very important source of income for households and small businesses in most transition countries. The paper documents the recent downturn in migrant’s remittances to selected transition countries due to the recent global economic crisis. The research concentrates on the Eastern Partnership countries: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine representing important sources of migrants. The paper shows how the global economic downturn affected remittance flows sent to the selected set of countries. In particular, the paper questions whether migration, thereby remittances, work as a transmission mechanism or important regional or global economic
Adams, R. – Page, J. (2003). International Migration, Remittances and Poverty in Developing Countries. WB Policy Research Working Paper 3179
Catrinescu, N. – Leon-Ledesma, M. – Piracha, M. – Quillin, B. (2006). Remittances, Institutions and Economic Growth. Institute for the Study od Labor in Bonn, Discussion Paper 2139
Chami, R. – Barajas, A. – Cosimano, Th. – Fullenkamp, C. – Gapen, M. – Montiel, P. (2008). Macroeconomic Consequences of Remittances. Washington, DC, IMF
Chami, R. – Fullenkamp, C. – Jahjah, S. (2003). Are Immigrant Remittance Flows a Source of Capital for Development. IMF Working Papers 03/189 EaP Community (2011). What is the EaP?, [on-line],
url: De Luna Martinez, J (2005). Workers’ Remittances to Developing Countries: A Survey with Central Banks on Selected Public Policy Issues. WB Policy Research Working Paper 3638
Dietz, B. (2009). Migration, remittances and the current economic crisis: implica- tions for Central and Eastern Europe. Kurzanalysen und Informationen, v. 42, July 2009
Garg, A. - Barajas, A. - Chami, R. - Fullenkamp, C. (2010). The Global Financial Crisis and Workers' Remittances to Africa: What's the Damage?. IMF Working Papers 10/24
Hnat, P. – Jirankova, M. (2010). Impact of the current economic crisis on the institutional layout of the global economy. Acta Oeconomica Pragensia, v. 5/2010, pp. 3-19
Jha, S. - Sugiyarto, G. - Vargas-Silva, C. (2010). The Global Crisis and the Impact on Remittances to Developing Asia. Global Economic Review, v. 39, iss. 1, pp. 59-82
Kapur, D. (2004). Remittances: The New Development Mantra? G-24 Discussion Paper Series No. 29, April 2004, UN Conference on trade and Development
Maimbo, S. – Ratha, D. (2005). Remittances: Development Impact and Future Prospects. Washington, D.C.: WB
Mansoor, A. – Quillin, B. (2006). Migration and Remittances, Eastern Europe and the Former Soviet Union. Washington, DC: IBRD/WB
Massey, Do. – Parrado, E. (1998). International Migration and Business Formation in Mexico. Social Science Quarterly, v. 79(1), pp. 1-20
Mohapatra, S. – Ratha, D. (2009). Revised Outlook for Remittance Flows 2009‐2011: Remittances expected to fall by 5 to 8 percent in 2009. Migration and Development Brief No. 9. Washington, DC: WB
Mohapatra, S. – Ratha, D. (2010). Impact of the Global Financial Crisis on Migration and Remittances. The World Bank Economic Premise, February 2010, v. 2.
OECD (2011). Annual Report: Resource Flows to Fragile and Conflict-Affected States
_1,00.html#Current> 2010, [on-line],
url: O'Hara, S. - Ivlevs, A. - Gentile, M. (2009) The Impact of Global Economic Crisis on Remittances in the Commonwealth of Independent States, Eurasian Geography and Economics, v. 50, iss. 4, pp. 447-63
Ratha, D. (2003). Workers' Remittances: An Important and Stable Source of External Development Finance, in: Global Development Finance 2003: Striving for Stability in Development Finance, chapter 7, by The World Bank. 2003. Washington, D. C.
Reinke, J. (2007). Remittances in the Balance of Payments Framework: Current Problems and Forthcoming Improvements, The Center of Excellence in Finance, Ljubljana, Slovenia, February 26 to March 2, 2007
Ruiz, I. – Vargas-Silva, C. (2010). Another consequence of the economic crisis: a decrease in migrants’ remittances. Applied Financial Economics, 2010, issue 20, pp. 171-182
Russell, S. S. (1986). Remittances from international migration: A review in perspective. World Development, v. 14, iss. 6, pp. 677-696
Solimano, A. (2003). Workers Remittances to the Andean Region: Mechanisms, Costs and Development Impact. Paper prepared for the Multilateral Investment Fund-IDB's Conference on Remittances and Development, May, Quito Ecuador
Stark, O. – Bloom, D.E. (1985). The new economics of labor migration. American Economic Review, v. 75, iss. 2, pp. 173-178
Woodruff, Ch. – Zenteno, R. (2001). Remittances and Microenterprises in Mexico. University of California, San Diego, Graduate School of International Relations and Pacific Studies Working Papers
World Bank (2006). Global Economic Prospects: Economic Implications of Remittances and Migration 2006, Washington D.C.: WB, [on-line], url: wds.worldbank.org/servlet/WDS_IBank_Servlet?pcont=details&eid=000112742_ 20051114174928>
World Bank (2011). Migration and Remittances Factbook 2011. Washington D.C.: WB, [on-line], url: <http://data.worldbank.org/data-catalog/migration-and- remittances>
Adams, R. – Page, J. (2003). International Migration, Remittances and Poverty in Developing Countries. WB Policy Research Working Paper 3179
Catrinescu, N. – Leon-Ledesma, M. – Piracha, M. – Quillin, B. (2006). Remittances, Institutions and Economic Growth. Institute for the Study od Labor in Bonn, Discussion Paper 2139
Chami, R. – Barajas, A. – Cosimano, Th. – Fullenkamp, C. – Gapen, M. – Montiel, P. (2008). Macroeconomic Consequences of Remittances. Washington, DC, IMF
Chami, R. – Fullenkamp, C. – Jahjah, S. (2003). Are Immigrant Remittance Flows a Source of Capital for Development. IMF Working Papers 03/189 EaP Community (2011). What is the EaP?, [on-line],
url: De Luna Martinez, J (2005). Workers’ Remittances to Developing Countries: A Survey with Central Banks on Selected Public Policy Issues. WB Policy Research Working Paper 3638
Dietz, B. (2009). Migration, remittances and the current economic crisis: implica- tions for Central and Eastern Europe. Kurzanalysen und Informationen, v. 42, July 2009
Garg, A. - Barajas, A. - Chami, R. - Fullenkamp, C. (2010). The Global Financial Crisis and Workers' Remittances to Africa: What's the Damage?. IMF Working Papers 10/24
Hnat, P. – Jirankova, M. (2010). Impact of the current economic crisis on the institutional layout of the global economy. Acta Oeconomica Pragensia, v. 5/2010, pp. 3-19
Jha, S. - Sugiyarto, G. - Vargas-Silva, C. (2010). The Global Crisis and the Impact on Remittances to Developing Asia. Global Economic Review, v. 39, iss. 1, pp. 59-82
Kapur, D. (2004). Remittances: The New Development Mantra? G-24 Discussion Paper Series No. 29, April 2004, UN Conference on trade and Development
Maimbo, S. – Ratha, D. (2005). Remittances: Development Impact and Future Prospects. Washington, D.C.: WB
Mansoor, A. – Quillin, B. (2006). Migration and Remittances, Eastern Europe and the Former Soviet Union. Washington, DC: IBRD/WB
Massey, Do. – Parrado, E. (1998). International Migration and Business Formation in Mexico. Social Science Quarterly, v. 79(1), pp. 1-20
Mohapatra, S. – Ratha, D. (2009). Revised Outlook for Remittance Flows 2009‐2011: Remittances expected to fall by 5 to 8 percent in 2009. Migration and Development Brief No. 9. Washington, DC: WB
Mohapatra, S. – Ratha, D. (2010). Impact of the Global Financial Crisis on Migration and Remittances. The World Bank Economic Premise, February 2010, v. 2.
OECD (2011). Annual Report: Resource Flows to Fragile and Conflict-Affected States
_1,00.html#Current> 2010, [on-line],
url: O'Hara, S. - Ivlevs, A. - Gentile, M. (2009) The Impact of Global Economic Crisis on Remittances in the Commonwealth of Independent States, Eurasian Geography and Economics, v. 50, iss. 4, pp. 447-63
Ratha, D. (2003). Workers' Remittances: An Important and Stable Source of External Development Finance, in: Global Development Finance 2003: Striving for Stability in Development Finance, chapter 7, by The World Bank. 2003. Washington, D. C.
Reinke, J. (2007). Remittances in the Balance of Payments Framework: Current Problems and Forthcoming Improvements, The Center of Excellence in Finance, Ljubljana, Slovenia, February 26 to March 2, 2007
Ruiz, I. – Vargas-Silva, C. (2010). Another consequence of the economic crisis: a decrease in migrants’ remittances. Applied Financial Economics, 2010, issue 20, pp. 171-182
Russell, S. S. (1986). Remittances from international migration: A review in perspective. World Development, v. 14, iss. 6, pp. 677-696
Solimano, A. (2003). Workers Remittances to the Andean Region: Mechanisms, Costs and Development Impact. Paper prepared for the Multilateral Investment Fund-IDB's Conference on Remittances and Development, May, Quito Ecuador
Stark, O. – Bloom, D.E. (1985). The new economics of labor migration. American Economic Review, v. 75, iss. 2, pp. 173-178
Woodruff, Ch. – Zenteno, R. (2001). Remittances and Microenterprises in Mexico. University of California, San Diego, Graduate School of International Relations and Pacific Studies Working Papers
World Bank (2006). Global Economic Prospects: Economic Implications of Remittances and Migration 2006, Washington D.C.: WB, [on-line], url: wds.worldbank.org/servlet/WDS_IBank_Servlet?pcont=details&eid=000112742_ 20051114174928>
World Bank (2011). Migration and Remittances Factbook 2011. Washington D.C.: WB, [on-line], url: <http://data.worldbank.org/data-catalog/migration-and- remittances>
Prochazkova Ilinitchi, C. (2011). DID THE RECENT ECONOMIC CRISIS IMPACT REMITTANCES? EVIDENCE FROM TRANSITION COUNTRIES. International Journal of Social Sciences and Humanity Studies, 3(2), 127-136.
AMA
Prochazkova Ilinitchi C. DID THE RECENT ECONOMIC CRISIS IMPACT REMITTANCES? EVIDENCE FROM TRANSITION COUNTRIES. IJ-SSHS. Aralık 2011;3(2):127-136.
Chicago
Prochazkova Ilinitchi, Cristina. “DID THE RECENT ECONOMIC CRISIS IMPACT REMITTANCES? EVIDENCE FROM TRANSITION COUNTRIES”. International Journal of Social Sciences and Humanity Studies 3, sy. 2 (Aralık 2011): 127-36.
EndNote
Prochazkova Ilinitchi C (01 Aralık 2011) DID THE RECENT ECONOMIC CRISIS IMPACT REMITTANCES? EVIDENCE FROM TRANSITION COUNTRIES. International Journal of Social Sciences and Humanity Studies 3 2 127–136.
IEEE
C. Prochazkova Ilinitchi, “DID THE RECENT ECONOMIC CRISIS IMPACT REMITTANCES? EVIDENCE FROM TRANSITION COUNTRIES”, IJ-SSHS, c. 3, sy. 2, ss. 127–136, 2011.
ISNAD
Prochazkova Ilinitchi, Cristina. “DID THE RECENT ECONOMIC CRISIS IMPACT REMITTANCES? EVIDENCE FROM TRANSITION COUNTRIES”. International Journal of Social Sciences and Humanity Studies 3/2 (Aralık 2011), 127-136.
JAMA
Prochazkova Ilinitchi C. DID THE RECENT ECONOMIC CRISIS IMPACT REMITTANCES? EVIDENCE FROM TRANSITION COUNTRIES. IJ-SSHS. 2011;3:127–136.
MLA
Prochazkova Ilinitchi, Cristina. “DID THE RECENT ECONOMIC CRISIS IMPACT REMITTANCES? EVIDENCE FROM TRANSITION COUNTRIES”. International Journal of Social Sciences and Humanity Studies, c. 3, sy. 2, 2011, ss. 127-36.
Vancouver
Prochazkova Ilinitchi C. DID THE RECENT ECONOMIC CRISIS IMPACT REMITTANCES? EVIDENCE FROM TRANSITION COUNTRIES. IJ-SSHS. 2011;3(2):127-36.