How Interest Rates Shape Remittance Behaviour of Immigrant Workers in Thailand: A Theoretical Framework

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F22%3A63549178" target="_blank" >RIV/70883521:28120/22:63549178 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
How Interest Rates Shape Remittance Behaviour of Immigrant Workers in Thailand: A Theoretical Framework
Original language description
Little is known about the theoretical aspect of immigrants’ remittance behavior in response to interest rate policies of the host country Thailand. This article aims to examine how the interest rate policies of Thailand shape remittance behavior of immigrant workers by using the two-period remittance-saving model. According to the model, a migrant decides how much to remit and save while holding consumption constant. The results are that (i) the increase in interest rate reduce remittance flows in the current period, while the flows in the future period are ambiguous for the case of borrowing (legal) migrants; (ii) for the saving migrants, the rise in interest rate in the current period increase remittance flows in the future, while the current remittance flows are unclear; (iii) remittances sent by illegal migrants are expected to be free from interest rate policies. The limitation of the framework is that it fails to incorporate factors in the home countries, such as interest rates and incomes of remittance recipients.
Czech name
—
Czech description
—

Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)