TY - BOOK AU - Beaton,Kimberly AU - Cerovic,Svetlana AU - Galdamez,Misael AU - Hadzi-Vaskov,Metodij AU - Koczan,Zsoka AU - Lissovolik,Bogdan AU - Loyola,Franz AU - Martijn,Jan Kee AU - Ustyugova,Yulia AU - Wong,Joyce TI - Migration and Remittances in Latin America and the Caribbean T2 - IMF Working Papers SN - 1484303644 : PY - 2017/// CY - Washington, D.C. PB - International Monetary Fund KW - Economic Growth KW - imf KW - Economic Stabilization KW - Emigration And Immigration KW - International Migration KW - Remittances KW - Antigua And Barbuda KW - Bahamas, The KW - Barbados KW - Belize KW - Caribbean KW - Costa Rica KW - Dominica KW - Dominican Republic KW - El Salvador KW - Grenada KW - Guatemala KW - Haiti KW - Honduras KW - Jamaica KW - Latin America KW - Nicaragua KW - Panama KW - Saint Kitts And Nevis KW - Saint Lucia KW - Saint Vincent And The Grenadines KW - Trinidad And Tobago N2 - Outward migration has been an important phenomenon for countries in Latin American and the Caribbean (LAC), particularly those in Central America and the Caribbean. This paper examines recent trends in outward migration from and remittances to LAC, as well as their costs and benefits. For the home country, the negative impact from emigration on labor resources and productivity seems to outweigh growth gains from remittances, notably for the Caribbean. However, given emigration, remittance flows play key financing and stabilizing roles in Central America and the Caribbean. They facilitate private consumption smoothing, support financial sector stability and fiscal revenues, and help reduce poverty and inequality, without strong evidence for harmful competitiveness effects through shifts in the real exchange rate UR - http://elibrary.imf.org/view/IMF001/24335-9781484303641/24335-9781484303641/24335-9781484303641.xml UR - http://www.imfbookstore.org/IMFORG/9781484303641 ER -