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Rising BRICs and Changes in Sub-Saharan Africa’s Business Cycle Patterns
Diallo, Oumar; Tapsoba, Sampawende J.-A. - International Monetary Fund (IMF) - 2014
This paper assesses the extent to which Sub-Saharan Africa (SSA)’s business cycle is synchronized with that of the rest of the world (RoW). Findings suggest that SSA’s business cycle has not only moved in the same direction as that of the RoW, but has also gradually drifted away...
Persistent link: https://www.econbiz.de/10011142171
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China’s Monetary Policy and Interest Rate Liberalization: Lessons from International Experiences
Liao, Wei; Tapsoba, Sampawende J.-A. - International Monetary Fund (IMF) - 2014
China has been moving to a more market oriented financial system, which has implications for the monetary policy … income and the interest rate. For China, we find that the stable long-run relationship between money demand, output, and …
Persistent link: https://www.econbiz.de/10011142182