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Transfers, money and the balance of payments

Author

Listed:
  • Brakman, Steven
  • Marrewijk, Charles van

    (Groningen University)

Abstract
The literature on international transfers largely ignores the fact that transfers are often given in the form of money. We analyze both the welfare consequences of financial transfers for the donor and the recipient, and their impact on the current account. Under normal circumstances transfer paradoxes do not occur, the donor's current account deteriorates and the recipient's current account improves.

Suggested Citation

  • Brakman, Steven & Marrewijk, Charles van, 1999. "Transfers, money and the balance of payments," CCSO Working Papers 199911, University of Groningen, CCSO Centre for Economic Research.
    • Handle: RePEc:gro:rugccs:199911
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    File URL: http://irs.ub.rug.nl/ppn/241065135
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