Juxtaposing qualitative as well as quantitative facts across the broader African continent, the authors explore critical issues compounding developmental woes of the continent at the present. Despite the facts being on the fringes as explanations to the sluggish development of Africa, the...

The economic events of 2016 taught us a lot of hard lessons about Nigeria's interface with the global economy, and the links with domestic growth, stability and policy responses. This paper attempts to distill some of the lessons and clarify the outlook.Weak commodity prices brought Nigeria's...

In last decade, the world economy has seen a twin glut in which a commodity glut depressed commodity prices and export values since 2014, while a liquidity glut boosted equity values and capital flows, creating a new reality in which net capital inflows for most countries and regions now surpass...

Turkish economic growth depends on capital inflows and access to cheap credit sources. Once the global financial conditions tightened in 2018, Turkey was among the emerging markets that suffered the most. This article analyses the making of Turkey's economic crisis in 2018-2019, while...

This article analyses the recent performance of the main Latin American economies (Brazil, Mexico, Argentina, Colombia, Chile and Peru). Economic developments in the region have progressively been influenced by the global spread of the coronavirus COVID-19 pandemic. Although it has reached Latin...

Zimbabwe's prolonged crisis illustrates the consequences of short-sighted and inappropriate economic policies, as it continues to fail to realize its potential to become a strong, independent state. Triggered in part by the Mugabe government's decision to ignore fiscal constraints, and...

The financial press linked Trump‘s political rhetoric to the depreciation of the Mexican peso. The massive trade volume of the peso/dollar currency pair obliges to investigate whether Trump‘s presidential campaign and regime, through uncertainty, cause fluctuations in the currency pair. This...

Under the world dollar standard, a discrete appreciation by a dollar creditor country of the United States, such as China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its economic growth and eventually cause deflation but...

Under the world dollar standard, a discrete appreciation by a dollar creditor country of the United States, such as China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its economic growth and eventually cause deflation but...

This working paper takes into account six sources of financing - international reserves, swap arrangements, EFSD, IMF, multilateral development banks and bilateral financial support for macrostabilization. The analysis is of particular importance in the context of the current crisis associated...