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In this paper, we sought to establish whether Africa's volatile currencies drive equity risk premia. We use the SDF …. Interestingly, we find evidence that international investors are concerned about Africa's small size equity markets and build the …
Persistent link: https://www.econbiz.de/10011117801
development on economic growth in selected African countries over the period from 1990 to 2009. Using the GMM approach, results … expansion in Africa. The major and unique contribution of this study is the simultaneous investigation of the impacts of stock … attenzione all’influenza dei mercati azionari. Usando un approccio GMM (Generalised Method of Moments), i risultati suggeriscono …
Persistent link: https://www.econbiz.de/10010991492
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting...
Persistent link: https://www.econbiz.de/10005824863
Madagascar showed strong economic growth and low inflation under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors commended these developments, and stressed the need to restore fiscal discipline, improve governance, strengthen the business climate to encourage...
Persistent link: https://www.econbiz.de/10005824890
This report provides an assessment of fiscal transparency practices in Portugal against the requirements of the IMF Code of Good Practices on Fiscal Transparency. IMF staff observed that Portugal meets the requirements of fiscal transparency code in several areas. Significant progress has also...
Persistent link: https://www.econbiz.de/10005824893
This paper reviews Niger’s Poverty Reduction Strategy (PRS) Paper Progress Report. After more than two years of implementation, the PRS has truly become established as the overall framework for the various sectoral strategies in existence or being devised. Moreover, it has been used to...
Persistent link: https://www.econbiz.de/10005824923
This 2005 Article IV Consultation highlights that economic activity in Austria gathered speed in 2004, supported mostly by strong export performance. Growth of real GDP rose to 2.2 percent in 2004. Consumption growth was modest, in view of small gains in employment and nominal wage growth barely...
Persistent link: https://www.econbiz.de/10005824962
Since the conclusion of the last Article IV Consultation in October 2001, Georgia's macroeconomic performance has been encouraging. The 2003 Article IV Consultation and program discussions were held against the backdrop of protracted deviations from the IMF-supported program. Discussions with...
Persistent link: https://www.econbiz.de/10005824963
This paper on the Staff-Monitored Program (SMP) on Djibouti explains economic developments and policy discussions. Djibouti faces important challenges to reduce widespread poverty. Since the mid-1990s, the government has been engaged in adjustment and reform programs to restore macroeconomic...
Persistent link: https://www.econbiz.de/10005824971