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West African Economic and Monetary Union (WAEMU) ; Recent Economic Developments and Regional Policy Issues; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2003

This report examines recent economic developments and regional policy issues in the West African Economic and Monetary Union (WAEMU). Although progress has been achieved on the integration front since 1994, including the establishment of a customs union and the creation of the economic union,...

Persistent link: https://www.econbiz.de/10005252947

The Common Monetary Area in Southern Africa; Shocks, Adjustment, and Policy Challenges

Masha, Iyabo; Harris, Leighton; Wang, Jian-Ye; Shirono, … - International Monetary Fund (IMF) - 2007

This study assesses the experience of the Common Monetary Area (CMA) based on available empirical evidence over the last two decades. It pays particular attention to member countries' adjustment to economic shocks in recent years and the inter-country linkages, including the spillover effects of...

Persistent link: https://www.econbiz.de/10005768930

Central African Economic and Monetary Community; Staff Report on Common Policies of Member Countries; Staff Statement; Public Information Notice on the Executive Board Discussion;...

International Monetary Fund (IMF); International … - 2006

Macroeconomic developments benefited from oil windfalls, but structural problems still impede non-oil growth. Fiscal and external balances improved in the Central African Economic and Monetary Community (CEMAC) because of the surge in oil prices and better fiscal management. Oil-related reserve...

Persistent link: https://www.econbiz.de/10011242520

The Impact of Trade Liberalizationon the Trade Balance in Developing Countries

Wu, Yi; Zeng, Li - International Monetary Fund (IMF) - 2008

Using two recently constructed measures of trade liberalization dates, this research studies the impact of trade liberalization on imports, exports, and overall trade balance for a large sample of developing countries. We find strong and consistent evidence that trade liberalization leads to...

Persistent link: https://www.econbiz.de/10005248278

How Much Do Trading Partners Matter for Economic Growth?

Arora, Vivek B.; Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2004

This paper empirically examines the extent to which a country's economic growth is influenced by its trading partner economies. Panel estimation results based on four decades of data for over 100 countries show that trading partners' growth and relative income levels have a strong effect on...

Persistent link: https://www.econbiz.de/10005605092

Foreign Direct Investment and Regional Trade Agreements; The Market Size Effect Revisited

Jaumotte, Florence - International Monetary Fund (IMF) - 2004

investment (FDI) received by countries participating in the RTA. This hypothesis is tested on a sample of 71 developing countries … during the period 1980-99. Evidence is found that the RTA market size had a positive impact on the FDI received by member … labor force and/or a relatively more stable financial situation tended to attract a larger share of FDI at the expense of …

Persistent link: https://www.econbiz.de/10005825720

Trade Reform in the CEMAC; Developments and Opportunities

Tsangarides, Charalambos G.; Martijn, Jan Kees - International Monetary Fund (IMF) - 2007

This paper provides an update on the main elements of the reform agenda concerning the CEMAC trade regime as well as a tentative quantitative assessment of selected effects on tariff revenues and trade patterns. Notwithstanding data limitations, the key messages from the analysis are as follows....

Persistent link: https://www.econbiz.de/10005605078

International Trade, Distortions and Long-Run Economic Growth

Lee, Jong-Wha - International Monetary Fund (IMF) - 1992

The links between trade and growth are examined in a neoclassical model of an open economy in which domestic production requires both domestic and imported inputs. The model shows that trade distortions induced by such government policies as tariffs and exchange controls generate cross-country...

Persistent link: https://www.econbiz.de/10005599438

Preferential Trade Agreements in the Asia-Pacific Region

Feridhanusetyawan, Tubagus - International Monetary Fund (IMF) - 2005

Preferential trade agreements (PTAs) in the Asia-Pacific region have proliferated rapidly over the past five years and are creating a complex web of intersecting bilateral and regional trade agreements. This paper describes the proliferation of these PTAs, discusses their characteristics and...

Persistent link: https://www.econbiz.de/10005599528

Economic Integration, Business Cycle, and Productivity in North America

Kose, M. Ayhan; Cardarelli, Roberto - International Monetary Fund (IMF) - 2004

This paper examines the effect of the major Canada-U.S. trade agreements on the dynamics of business cycles and productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement (CUSFTA), have led to a substantial expansion of trade...

Persistent link: https://www.econbiz.de/10005769318