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This paper analyses the history and effectiveness of the two major mechanisms of resolution of balance of payments crisis. It argues that IMF lending has met its counter-cyclical objectives through history and has been improving in terms of providing adequate lending facilities as well as...
Persistent link: https://www.econbiz.de/10010465432
Africa has come a long way since the economic turmoil of the 1980s, the decade of "structural adjustment". Growth has … of diversification in Africa's economies-in contrast to Asia's success stories. Structural adjustment did not change the … manufacturing and service clusters, Africa is yet to follow East Asia in integrating with the global economy in ways that add value …
Persistent link: https://www.econbiz.de/10011396968
We study the effectiveness of social protection benefits in reducing income and consumption poverty in five sub-Saharan African countries-Ghana, Mozambique, Tanzania, Uganda, and Zambia-in normal times and times of widespread economic crisis. Using tax-benefit microsimulation models with...
Persistent link: https://www.econbiz.de/10013489600
In the wake of the current financial and economic crises, the economies of sub-Saharan Africa find themselves squeezed … external debt-servicing constraint, as well as external aid, on government expenditure allocation in sub-Saharan Africa …
Persistent link: https://www.econbiz.de/10009530929
Rising public debt in sub-Saharan Africa remains a matter of concern. We provide an analysis of public debt and debt …
Persistent link: https://www.econbiz.de/10012268140
Sub-Saharan Africa (SSA)'s public debt burden remains a challenge to development. Key drivers of public debt include …
Persistent link: https://www.econbiz.de/10014541842
This paper proposes a reformed architecture of the international monetary system based on three pillars. The first is a representative apex organization, which can be understood as a transformation of the G-20 into a representative international institution. The second is the continuous reform...
Persistent link: https://www.econbiz.de/10010515838
I analyse the evolution of the International Monetary Fund tax policy advice in three countries commonly used for tax evasion or avoidance: Panama, Seychelles, and the Netherlands. A review of loan agreements and Country Reports covering 1999 to 2017 highlights the dependence of the Fund’s...
Persistent link: https://www.econbiz.de/10011776458
The global economy, dominated by the consequences of a disastrous health crisis and international tensions, needs policy support to regain its growth dynamic. To regain an inclusive and sustainable growth dynamic, structural policies of governments are needed to allow a reallocation of resources...
Persistent link: https://www.econbiz.de/10014336020
This paper discusses whether the Asian financial crisis affected men and women differently in Indonesia by estimating the effect of district consumption shock during the crisis on changes in men's and women's working status and assets. I found that in rural areas there seems to be no effect of...
Persistent link: https://www.econbiz.de/10011661291