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Intro -- CONTENTS -- PREFACE -- OVERVIEW -- RECENT DEVELOPMENTS AND SHORT- TERM PROSPECTS -- SCALING UP AID: MACROECONOMIC IMPLICATIONS -- FINANCIAL SECTORS: ISSUES, CHALLENGES, AND REFORM STRATEGIES -- FISCAL DECENTRALIZATION -- APPENDIX -- STATISTICAL APPENDIX -- REFERENCES -- PUBLICATIONS OF...
Persistent link: https://www.econbiz.de/10012673979
Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by falling prices of their main commodity exports. Oil-exporting countries, including...
Persistent link: https://www.econbiz.de/10014412391
This paper investigates the impact of a global slowdown on individual African countries using a series of dynamic panel regressions for countries in the region, relating real growth in domestic output to world growth in trade weighted by partner countries and several control variables: oil...
Persistent link: https://www.econbiz.de/10014403000
This paper looks at the question of adequacy of reserves in sub-Saharan African countries in light of the shocks faced by these countries. Literature on optimal reserves so far has not paid attention to the particular shocks facing low-income countries. We use a two-good endowment economy model...
Persistent link: https://www.econbiz.de/10014401389
The paper presents a model of fiscal dominance with borrowing constraints, and provides evidence for a large number of sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the dynamic response of inflation to different shocks,...
Persistent link: https://www.econbiz.de/10014401393
This study analyzes the impact of regional cross-listing of stocks on the depth of the stock markets in sub-Saharan Africa (SSA). It analyzes data from 1990 to 2007 for a panel of 13 stock markets in SSA countries, only some of which have regional cross-listings. Using event study methodology,...
Persistent link: https://www.econbiz.de/10014401983
The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for the region are discussed as a whole, as well as for...
Persistent link: https://www.econbiz.de/10014409454
Growth in much of Sub-Saharan Africa is expected to remain strong, driven by efforts to invest in infrastructure and strong agricultural production. The current Ebola outbreak in Guinea, Liberia, and Sierra Leone is exacting a heavy toll, with spillovers to neighboring countries. External...
Persistent link: https://www.econbiz.de/10014411634
There are 22 countries in Sub-Saharan Africa (SSA) with floating exchange rate regimes, de jure. Some target the money supply or the inflation rate; others practice ""managed floating."" Statistical analysis on monthly data for the past decade reveals that in most cases these exchange rate...
Persistent link: https://www.econbiz.de/10014398650
This paper develops and tests two efficiency wage models of corruption in the civil service. Under fair wage models …, civil service wages are an important determinant of corruption. Under shirking models, the level of wages is of secondary … importance, as potential bribes dwarf wage income. The empirical evidence points to a negative relationship between corruption …
Persistent link: https://www.econbiz.de/10014400303