Migration and Remittances during the Global Financial Crisis and Beyond

© 2012 International Bank for Reconstruction and Development / International Development Association or The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org 1 2 3 4 15 14 13 12 This volume is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent.

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ISBN (paper): 978-0-8213-8826-6 ISBN (electronic): 978-0-8213-8827-3 DOI: 10.1596/978-0-8213-8826-6 Library of Congress Cataloging-in-Publication Data Migration and remittances during the global financial crisis and beyond / edited by Ibrahim Sirkeci, Jeffrey H. Cohen and Dilip Ratha. p. cm.

Includes bibliographical references and index.

ISBN 978-0-8213-8826-6 — ISBN 978-0-8213-8827-3 (electronic) 1. Emigration and immigration—Economic aspects. 2. Global Financial Crisis, 2008-2009.

3. Immigrants—Economic aspects. 4. Emigrant remittances—Cross-cultural studies. I. Sirkeci, Ibrahim. II. Cohen, Jeffrey H. (Jeffrey Harris) III. Ratha, Dilip.

JV6217.M545 2011 332’.04246090511—dc23 2011032374 Cover image: Diana Ong/Superstock by Getty Images Cover design: Critical Stages