This paper reviews the empirical literature to present the evidence on the potential products and policies to leverage the productive use of remittances in developed and underdeveloped countries. This paper focuses on the historical volatility of remittances in Nepal and its impact on development and investment especially during the recent financial crisis. It also explores the impact of business cycles in Nepal and the host countries on remittances volatility. It is one part of a 3 part study looking at the role of remittance and migration in economic development, and poverty reduction in least developed countries by exploring the best practices in the migration policy sector that has successfully maximised the impact of remittances. The other two parts of the study are: \"Effects of remittances and migration on migrant sending countries, communities and households\" and \"Risks for migrants at the destination.\"
Hagen-Zanker, J. Potential products and policies to leverage productive use of migration and remittances. EPS PEAKS, UK (2015) 25 pp.