中米地域において郷里送金が通貨制度に及ぼす影響に係る考察

抄録

Workers' remittances to home countries have been increasingly important resources for Central American countries. However, empirical studies focusing on the effects of workers' remittances on exchange rate regimes of Central American Region are not yet to be seen. Theoretically we can expect that the remittances play an important role as a stabilizer of the exchange rate regimes in terms of shock absorber and risk sharing. This paper empirically analyses the effects of workers' remittances on the exchange rate regimes in Central American Region, by improving the frameworks of previous studies. The result of the analyses shows that in comparison with other macroeconomic factors, the effect of remittances is significant in stabilizing the exchange rate regimes.