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Should African Monetary Unions Be Expanded? An Empirical Investigation of the Scope for Monetary Integration in Sub-Saharan Africa
Debrun, Xavier; Pattillo, Catherine A.; Masson, Paul R. - International Monetary Fund (IMF) - 2010
actively pursued in Africa. The benefits of monetary union come from a more credible monetary policy, while the costs derive …
Persistent link: https://www.econbiz.de/10008560420
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Three Propositions on African Economic Growth
Dhonte, Pierre - International Monetary Fund (IMF) - 1995
Persistent link: https://www.econbiz.de/10005264269
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Disentangling India’s Investment Slowdown
Anand, Rahul; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014
This paper documents the recent slowdown in investment in India and explores its underlying causes. The sharp … investment deceleration has sparked an intense debate about the role of interest rates, as well as business confidence and … economic policy uncertainty. Our results suggest that while explaining aggregate investment activity better than nominal …
Persistent link: https://www.econbiz.de/10011142175
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Optimal Prudential Regulation of Banks and the Political Economy of Supervision
Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2014
We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low interest rates may generate excessive risk taking. Because of a pecuniary externality, the market equilibrium may not be optimal and...
Persistent link: https://www.econbiz.de/10010790384
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Benin; Poverty Reduction Strategy Paper-Annual Progress Report
International Monetary Fund (IMF); International … - 2008
This paper reviews the Annual Progress Report (APR) on Poverty Reduction Strategy Paper (PRSP) on Benin. The APR presents an overview of the implementation of the strategy addressing in turn the new vision of development in Benin, the major projects initiated for the creation of national wealth...
Persistent link: https://www.econbiz.de/10011245085
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Stabilization and Reforms in Latin America; A Macroeconomic Perspective of the Experience Since the 1990s
Belaisch, Agnes; Collyns, Charles; Masi, Paula De; … - International Monetary Fund (IMF) - 2005
This study examines external and domestic influences on Latin America’s economic performance over the past decade and a half. It notes that over the past few years, macroeconomic policies have strengthened and structural reforms have been implemented. Together with a favorable external...
Persistent link: https://www.econbiz.de/10005824870
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South Africa; Selected Issues
International Monetary Fund (IMF); International … - 2003
real money demand, consumer prices, and the real exchange rate in South Africa. …
Persistent link: https://www.econbiz.de/10005825502
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Euro Area Policies; Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Euro Area Policies
International Monetary Fund (IMF); International … - 2004
The staff report on Euro Area Policies highlights cyclical growth developments and risks. The area’s real GDP growth has picked up, responding to strong foreign demand and relaxed financial conditions. The final domestic demand growth remains subdued, and the area lags global growth by a...
Persistent link: https://www.econbiz.de/10005825515
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From "Hindu Growth" to Productivity Surge; The Mystery of the Indian Growth Transition
Rodrik, Dani; Subramanian, Arvind - International Monetary Fund (IMF) - 2004
This paper explores the causes of India's productivity surge around 1980, more than a decade before serious economic reforms were initiated. Trade liberalization, expansionary demand, a favorable external environment, and improved agricultural performance did not play a role. We find evidence...
Persistent link: https://www.econbiz.de/10005825610
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Monetary Union in West Africa; Who Might Gain, Who Might Lose, and Why?
Masson, Paul R.; Debrun, Xavier; Pattillo, Catherine A. - International Monetary Fund (IMF) - 2002
Europe, is potentially important in Africa. We calibrate the model to data for West Africa and use it to assess proposed …
Persistent link: https://www.econbiz.de/10005825633