Showing 1 - 10 of 161
This paper reviews major issues involved in achieving the objectives of the New Partnership for Africa's Development …
Persistent link: https://www.econbiz.de/10005768860
This 2004 Article IV Consultation highlights that the Libyan economy remains largely state controlled and heavily dependent on the oil sector. Since the lifting of the Libya-specific trade sanctions of the United Nation and United States in September 2003 and September 2004, respectively, the...
Persistent link: https://www.econbiz.de/10005591207
This paper analyzes developments in the structure of trade in the Commonwealth of Independent States (CIS) during the transition decade, and finds that it changed less than in other transition economies. Trade openness of the CIS increased between 1993 and 1997, but has fallen to a lower-level...
Persistent link: https://www.econbiz.de/10005604992
support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to …
Persistent link: https://www.econbiz.de/10011242377
discussed in the cross-country growth literature, including macroeconomic stability, financial development, trade openness, and …This Selected Issues paper analyzes economic growth in Iran. It uses a growth-accounting exercise to quantify the … historical sources of growth over 1960–2002, including human capital accumulation and the contribution of Total Factor …
Persistent link: https://www.econbiz.de/10005825273
This Selected Issues paper estimates an equilibrium path for South Africa’s real effective exchange rate. The paper briefly describes the dynamics of the real exchange rate and its determinants. It investigates the presence of a long-term relationship between the real exchange rate and...
Persistent link: https://www.econbiz.de/10005825502
We develop a multicountry model in which governments aim at excessive spending in order to serve the narrow interests of the group in power. This puts pressure on the monetary authorities to extract seigniorage, and thus affects the incentives countries would have to participate in a monetary...
Persistent link: https://www.econbiz.de/10005825633
-based real exchange rate and commodity terms of trade. The estimated impact of productivity growth differentials between traded …
Persistent link: https://www.econbiz.de/10005825636
This paper examines the emergence of financial stability as a key policy objective. It discusses the underlying trends in the financial system, as well as the role of finance in relation to money, the real economy, and public policy. Financial stability is defined in terms of its ability to help...
Persistent link: https://www.econbiz.de/10005825656
particularly relevant for identifying threats to macroeconomic stability and growth. …
Persistent link: https://www.econbiz.de/10005825724