TY - GEN AU - Maldonado, René AU - Bajuk, Natasha AU - Watson, Gregory TI - Remittances to Latin America and the Caribbean in 2009: The impact of the global financial crisis PY - 2011 Y1 - 2011/02/08 DO - 10.18235/0006618 AB - In 2009 remittance flows to Latin America and the Caribbean (LAC) declined as a result of the impact of the global financial crisis on countries in which migrants from the region live and work. The recessions in major remittance-sending countries such as the United States, Spain, and Japan had a strong impact on the employment and income of remittance senders, and, as a result, the annual accumulated volume of remittances to LAC dropped substantially, reaching $US 58.8 billion at the end of the year. UR - https://doi.org/10.18235/0006618 ER -