Die Autoren berechnen auf der Grundlage eines Modells die Nachfrage nach Geld im engeren (M1) und im weiteren Sinn (M2) und finden heraus, daß die Zinsentwicklung auf dem informellen Geld- und Kreditmarkt hierfür wichtiger Bestimmungsgrund ist. Während die M1-Geldnachfrage stabil und ein...

This 2013 Article IV Consultation highlights that economic growth in Ghana continued at a robust pace of 8 percent in 2012 amid rising fiscal and external imbalances. Fiscal pressures came to the fore in a mounting public sector wage bill and costly energy subsidies that pushed the deficit close...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

EXECUTIVE SUMMARY This last review of Benin’s ECF arrangement confirms the improved growth performance during the program. Real GDP growth is expected to reach about 51⁄2 percent in 2014 for the third consecutive year. This performance has closed the gap in per capita GDP growth between...