Workers' Remittances in Jordan

This book explores the behaviour of workers remittances and their impact on financial development in Jordan. It empirically examines the macroeconomic determinants of remittances and investigates the impact of these flows on the level of international reserves holdings and banking sector and stock market development. The methodologies adopted in this study are mainly based on cointegration analysis. The standard cointegration tests are appropriately used to investigate the relationship between remittances and financial development variables for both the banking sector and the stock market. The study also extends cointegration testing, used in determining the effects of remittances.

Autorentext

Dr. Ghazi Ibrahim Al-Assaf has received his PhD from University of Wales Swansea, UK in 2011. He is currently working as an Assistant Professor of Economics at The University of Jordan, Amman. His research interests are mainly focused on the areas of remittances, financial development, and applied econometrics.

Klappentext

This book explores the behaviour of workers' remittances and their impact on financial development in Jordan. It empirically examines the macroeconomic determinants of remittances and investigates the impact of these flows on the level of international reserves holdings and banking sector and stock market development. The methodologies adopted in this study are mainly based on cointegration analysis. The standard cointegration tests are appropriately used to investigate the relationship between remittances and financial development variables for both the banking sector and the stock market. The study also extends cointegration testing, used in determining the effects of remittances.