The objective of this evaluation was to assess and document the effectiveness of the unique AERC reserach process in enhancing capacity for high quality research and its relevance to economic policy concerns of the region. This report was prepared following a very in-depth review of research...

The main objectives of this study were to examine critically the availability and quality of economic statistics for a sub-Saharan African countries relevant, in particular, for research; to assess the research reports by AERC researchers as examples of usage; and to develop a programme for...

Inflation appears to be the macro-problem in Ghana for which no antidote has been found under the economic recovery programme. It is possible that either a wrong diagnosis has been made of the problem, or that certain factors within the economy are preventing inflation from staying within target...

The informal financial sector and macroeconomic adjustment in Malawi

Real interest rates adn the mobilization of private savings in Africa.

The purpose of this study was to investigate the effects of structural adjustment policies on the supply conditions of coffee, Uganda's major export, which accounts for over 90% of foreign exchange earnings and about 50% of tax revenue. Because of a lack of quantitative data, it was impossible...

Fiscal operations, money supply and inflation in Tanzania

One of the greatest problems facing many Sub-Saharan African countries today is the amount of their external indebtedness. The external debt problem is becoming more acute for a number of reasons. First, the size of the debt relative to the size of the economy is enormous and can lead not only...

Early in 1989, a group of AERC researchers interested in studies of African financial markets, with a special emphasis on the informal sector, began several country studies that were scheduled to be completed in three phases. For the three phases it was agreed to: 1. characterize the informal...

Previous studies on the Nigerian parallel market found "return predictability". Based on this finding, we quantify, using Hansen's GMM estimation technique, the risk-return characteristics implicit in the simplest trading strategy of "buy and hold" an optimal portfolio of currencies. The...