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We estimate that about 10% of the increase in transactions to send remittances in May is explained by the effect of "Mother's Day." The remittance that is sent to the mothers is, in general, less in amount than the remittance that is sent regularly.
In November 2020, 3,381 million dollars entered by remittances (+ 15.6%). The U.S. economic stimulus that have also benefited Mexicans, the sending of remittances from cross-border workers and commuters, and the appreciation of the dollar against the peso, are factors that explain the increase in remittances in 2020.
The global commodity boom in the last decade is largely explained by China’s hunger for raw materials. This paper explores to what extent South America has become “Sinodependent” and its implications.
