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Latin American Studies

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Western Michigan University

2006

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Essays On The Latin American Foreign Exchange Market, Isabel Ruiz Dec 2006

Essays On The Latin American Foreign Exchange Market, Isabel Ruiz

Dissertations

During the last decade, Latin American countries have moved towards becoming more open and financially integrated. At the same time, the region has appeared to adopt a "bipolar" position concerning exchange rate regimes. Most countries have moved towards more flexible exchange rates, while others have implemented hard pegs in the form of dollarization. This dissertation has two goals. First, to measure linkages and dynamics across Latin American foreign exchange markets. Second, to explore how exchange rate uncertainty impacts U.S. foreign direct investment (FDI) into Latin America.

In order to study interactions among these markets, I focus on the level of …


Determinants And Consequences Of Workers’ Remittances, Carlos Ivan Vargas-Silva Dec 2006

Determinants And Consequences Of Workers’ Remittances, Carlos Ivan Vargas-Silva

Dissertations

In this dissertation we study the determinants and consequences of workers' remittances. It is important for developing countries to have a clear understanding of the motivations that migrants have to remit money home, in order to increase remittances inflows. It is also important to understand the impact of remittances in the receiving countries in order to develop policies that can maximize the benefits of remittances, while minimizing any possible detrimental effects. In this dissertation we concentrate on the relationship between remittances and macroeconomic variables in the receiving countries. To this end we use both individual and aggregate level data.

In …