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Policy responses to aid surges in countries with limited international capital mobility : the role of the exchange rate regime

Berg, Andrew; Portillo, Rafael; Zanna, Luis-Felipe - 2014

Persistent link: https://www.econbiz.de/10010389564

Monetary Policy Rules for Managing Aid Surges in Africa

Buffie, Edward F. - 2007

Since the turn of the century, aid flows to Africa have increased on average and become more volatile. As a result …

Persistent link: https://www.econbiz.de/10014400327

Beyond Aid : How Much Should African Countries Pay to Borrow?

Gueye, Cheikh A. - 2010

Post debt relief, the number of African countries considering accessing international capital markets, often to fund large infrastructure projects, is increasing. Potential risks of capital inflows are well known but the literature offers little help to estimate the cost of borrowing...

Persistent link: https://www.econbiz.de/10014402862

The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios

Portillo, Rafael - 2010

We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of low-income countries, including varying degrees of public investment efficiency and a learning-by-doing...

Persistent link: https://www.econbiz.de/10014402924

What Drives China's Growing Role in Africa?

Wang, Jian-Ye - 2007

What role does China play in Africa''s development? What drives China''s increasing economic involvement in the … government policies, markets for each other''s exports, Africa''s demand for infrastructure, and differences in China''s approach … to financing have together moved commercial activities-trade and investment-to the center of China-Africa economic …

Persistent link: https://www.econbiz.de/10014400123

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

Berg, Andrew - 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 — an increase in the current account deficit net of aid—delivering the same effects as those...