Similar Search Results

Sub-Saharan Africa's Integration in the Global Financial Markets

Deléchat, Corinne; Wakeman-Linn, John; Wagh, Smita; … - International Monetary Fund (IMF) - 2009

The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to …

Persistent link: https://www.econbiz.de/10008528679

Rethinking the Governance of the International Monetary Fund

Mirakhor, Abbas; Zaidi, Iqbal Mehdi - International Monetary Fund (IMF) - 2006

This paper attempts to set out the principal issues that need to be resolved in formulating a proposal for quotas and voice reform in the IMF that could command broad support. Following John Rawls, we argue that "justice is the first virtue of social institutions," and we use his theory of...

Persistent link: https://www.econbiz.de/10005825790

Reaping the Benefits of Financial Globalization

Dell'Ariccia, Giovanni; Mauro, Paolo; Faria, André; … - International Monetary Fund (IMF) - 2008

Financial globalization has increased dramatically over the past three decades, particularly for advanced economies … principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster …

Persistent link: https://www.econbiz.de/10010790496

Rising Income Inequality; Technology, o+L3904r Trade and Financial Globalization?

Papageorgiou, Chris; Lall, Subir; Jaumotte, Florence - International Monetary Fund (IMF) - 2008

We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …

Persistent link: https://www.econbiz.de/10005263792

A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies

Grigoli, Francesco - International Monetary Fund (IMF) - 2014

-income economies, especially in Africa. Reallocating expenditure to reduce student-to-teacher ratios (where these are high) and …

Persistent link: https://www.econbiz.de/10011242208

Inclusive Growth; An Application of the Social Opportunity Function to Selected African Countries

Adedeji, Olumuyiwa; Du, Huancheng; Opoku-Afari, Maxwell - International Monetary Fund (IMF) - 2013

The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth episodes in selected African countries. Premised on the concept of social welfare function,...

Persistent link: https://www.econbiz.de/10011242365

Remittances and Macroeconomic Volatility in African Countries

Jidoud, Ahmat - International Monetary Fund (IMF) - 2015

This paper investigates the channels through which remittances affect macroeconomic volatility in African countries using a dynamic stochastic general equilibrium (DSGE) model augmented with financial frictions. Empirical results indicate that remittancesâ€”as a share of GDPâ€”have a...

Persistent link: https://www.econbiz.de/10011242418

Bond Markets in Africa

Mu, Yibin; Phelps, Peter; Stotsky, Janet Gale - International Monetary Fund (IMF) - 2013

corporate bond markets in Africa. It then applies an econometric model to analyze the key determinants of African government …

Persistent link: https://www.econbiz.de/10010790374

Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime

Berg, Andrew; Portillo, Rafael A; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014

We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption â€” an increase in the current account deficit net of aidâ€”delivering the same effects...

Persistent link: https://www.econbiz.de/10011123835

Africa Rising: Harnessing the Demographic Dividend

Drummond, Paulo; Thakoor, Vimal; Yu, Shu - International Monetary Fund (IMF) - 2014

Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The …

Persistent link: https://www.econbiz.de/10010959480