Shadow Sovereign Ratings for Unrated Developing Countries

Ratha, Dilip; De, Prabal K.; Mohapatra, Sanket

doi:10.1016/j.worlddev.2010.08.006

Cited by 58 publications

(48 citation statements)

References 24 publications

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“…The actual outcome in 2009 was a 6 per cent decline in remittance flows to developing countries (Ratha et al 2009b(Ratha et al , 2010a. In terms of regional distribution, remittance flows declined in five of the six developing regions, but the extent of declines in some regions were larger and in others smaller than initially predictedEast Asia & Pacific, Middle East and North Africa, South Asia and Sub-Saharan Africa did better while Europe & Central Asia and Latin America & the Caribbean performed worse.…”

Section: Discussion Of Resultsmentioning

confidence: 99%

“…Remittances have been remarkably stable compared to other types of flows, contribute to stabilizing the current account position, and reduce the volatility of capital flows and output volatility of recipient countries (World Bank 2005;Ratha 2005 andBugamelli and Paterno, 2009;Chami et al 2009;Gupta et al 2009). Their size and stable and counter-cyclical nature has implications for improving debt sustainability and creditworthiness of developing countries, and their access to international capital markets (Avendano et al 2009, Ratha 2007Ratha et al 2010a). Remittance receipts are associated with reduction in poverty, increased household resources devoted to investment, improved health and education outcomes, and higher levels of entrepreneurship.…”

Section: Rising Importance Of Migrant Remittances For Developing Counmentioning

confidence: 99%

“…the elasticity of remittances with respect to the host country may be greater than 1 (Ratha et al 2010a). For example, during the pre-crisis period, remittances grew faster than GDP of remittance-source countries because of a number of factors, including improvements in remittance technologies, falling costs, and steady increase in migrant stocks.…”

Section: Determinants Of Remittancesmentioning

confidence: 99%

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Forecasting migrant remittances during the global financial crisis

Mohapatra¹,

Ratha²

2010

Policy Research Working Papers

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The financial crisis has highlighted the need for forecasts of remittance flows in many developing countries where these flows have proved to be a lifeline to the poor people and the economy. This note describes a simple methodology for forecasting country-level remittance flows in a manner consistent with the medium-term outlook for the global economy. Remittances are assumed to depend on bilateral migration stocks and income levels in the host country and the origin country. Changes in remittance costs, shifts in remittance channels, global exchange rate movements and unpredictable immigration controls in the migrant-destination countries pose risks to the forecasts. Much remains to be done to improve the forecast methodology, data on bilateral flows, and high-frequency monitoring of migration and remittance flows.

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Section: Discussion Of Resultsmentioning

confidence: 99%

Section: Rising Importance Of Migrant Remittances For Developing Counmentioning

confidence: 99%

Section: Determinants Of Remittancesmentioning

confidence: 99%

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Forecasting migrant remittances during the global financial crisis

Mohapatra¹,

Ratha²

2010

Policy Research Working Papers

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“…The main interested factors are political and economic-financial ones, and the total number of factors used may vary from less than ten to more than twenty. Ratha et al (2011) suggest predicting sovereign ratings for developing countries that do not have risk ratings from agencies (such as Fitch, Moody's, and Standard and Poor's). It is important to determine the volume and cost of capital flows to developing countries through international bond, loan and equity markets.…”

Section: Evaluation Of Country Riskmentioning

confidence: 99%

Comparison of Country Risk, Sustainability and Economic Safety Indices

Stankevičienė

Sviderskė

Miečinskienė

2014

Business: Theory and Practice

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Abstract. Country risk, sustainability an economic safety are becoming more important in the contemporary economic world. The aim of this paper is to present the importance of comparison formalisation of country risk, sustainability, and economic safety indices for strategic alignment. The work provides an analysis on the relationship between country risk, sustainability an economic safety in EU countries, based on statistical data. Investigations and calculations of rankings provided by Euromoney Country Risk Index, European Economic Sustainability Index as well as for Economic Security Index were made and the results of EU country ranking based on three criteria were provided. Furthermore, the data for the Baltic States was summarised and the corresponding index of consistency for random judgments was evaluated.Keywords: country risk, sustainability, economic safety, EU region. Santrauka. Šalies rizikos, tvarumo ir ekonominio saugumo įvertinimas tampa vis labiau svarbus šiuolaikiniame ekonominiame pasaulyje. Šio straipsnio tikslas -formalizuoti šalies rizikos, tvarumo ir ekonominio saugumo rodiklių palyginimo procesą siekiant strateginių tikslų. Straipsnyje analizuojamas sąryšis tarp šalies rizikos, tvarumo ir ekonominio saugumo ES šalyse re miantis statistiniais duomenimis. Tiriamas ir skaičiuojamas šalių rangavimas pagal Euromoney šalies rizikos indeksą, Europos ekonomikos tvarumo indeksą, taip pat pagal Ekonominio saugumo indeksą. Pateikiamas apibendrintas reitingavimas pagal tris kriterijus. Be to, Baltijos šalių duomenys yra atskirai išanalizuoti ir apibendrinti. JELReikšminiai žodžiai: šalies rizika, tvarumas, ekonomimis saugumas, ES regionas.2014 15(1): 1-10

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“…Most of the definitions of economic security provided by researchers from various countries (Ratha, De Prabal, & Mohapatra, 2011;Schroeder, 2008;Quer, Claver, & Rienda, 2007) may be classified into three categories: − definitions that identify economic security with its objectives, − definitions that identify economic security with a state of the economy, which implies several favourable consequences, − definitions that consider economic security as an element of production stability. The country's economic security is determined by three main components: economic security of countries, companies and consumers.…”

Section: Relationship Between Economic Security and Country Risk Indimentioning

confidence: 99%