We estimated the effect of the GFC on remittances into 8 SSA countries from 1999 to 2019 using the Fixed Effects (FE) model. Results showed that the GFC had a positive and significant effect on remittances. Per capita income of migrant home country exerted a negative but insignificant effect on remittances, while per capita income in remittance source country had a positive and significant effect; the effects of exchange rate and inflation on remittances were positive and negative, respectively, but insignificant. Findings showed the effect of the GFC on remittances is robust to remittance measures and large country sample size.
