Econ Club: It's about logic, not emotion.

Under the guise of Econ Club, I have sat in many of bars alongside peers and professors, attempting to solve the world’s problems with economic logic. Couched primarily in economic topics, attendees are encouraged to be blunt, using logic not opinion to discuss current events. It is because of the success of these meetings and encouragement from past participants that I am moving Econ Club into blog form. As such, post articles, comment on them and of course keep a refreshing beer nearby.

Thursday, June 5, 2008

Declining Remittances to Mexico

Remittances in the era of the subprime crisis
An article in the Financial Times today points out that there has been a dramatic reversal in the growth of the volume of remittances being sent from the United States to Mexico. According to data from the Bank of Mexico, remittances in the first four months of 2008 are down 2.4 percent from the same period last year.

http://www.typepad.com/t/trackback/462659/29771492

1 comment:

Anonymous said...: I have also read that remittances provide significant business for US banks. I wonder to what extent the decline in remittances has affected those involved in their operations?; June 5, 2008 at 11:28 AM