No. 1402 - Remittances in times of crisis: evidence from Italian corridors

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by Alessio CiarloneFebruary 2023

This paper explores the factors that have contributed to supporting monetary transfers by immigrant workers in Italy to their countries of origin since the beginning of the Covid-19 pandemic.

The high level of remittances observed during the recession highlights the altruistic attitude of migrant workers towards fellow citizens who remained in their country of origin. At a time of severe restrictions on personal mobility introduced to curb the spread of infections, the increase in remittances was bolstered by the acceleration in the digitalization of financial services recorded during the pandemic, which favoured a gradual replacement of informal channels with formal ones.

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