EVOLUTIONS OF REMITTANCE FLOW DURING THE ECONOMIC-FINANCIAL CRISIS

Abstract

The global financial markets crisis that hit the world economy at the middle of 2008 affected the global economy as a whole, but had also a major impact over the workforce markets in the European countries and by default over the remittance volume achieved by emigrants. The migration phenomenon has seen a decrease process, however differently, according to various geographic areas. The present work intends to achieve a brief analysis of the migration phenomenon under the financial crisis impact in certain European Union countries during 2007-2010. The recession at European level also determined for 2009 a decrease of remittance flows. The work presents a brief evolution of the remittance flow in certain countries from Central and Eastern Europe.emigrants, immigrants, remittances, crisis