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The staff report for the 2005 Article IV Consultation on Botswana highlights key issues, recent developments, and policy discussions. The authorities are strengthening their structural reform agenda and moving ahead with sector-specific development programs with a view to sustaining annual...
Persistent link: https://www.econbiz.de/10005599088
excluding interest on mortgate bonds) inflation did not increase significantly until December 2001, when positive nominal shocks …
Persistent link: https://www.econbiz.de/10005769271
Domestic demand continued to grow at rapid rates, despite corrective fiscal and monetary policy measures. Although trade and financial sector reforms advanced and foreign direct investment (FDI) regulations were liberalized, there was less progress in improving the business environment, reducing...
Persistent link: https://www.econbiz.de/10005591450
This paper analyzes the impact of capital inflows and exchange rate flexibility on the real exchange rate in developing countries based on panel cointegration techniques. The results show that public and private flows are associated with a real exchange rate appreciation. Among private flows,...
Persistent link: https://www.econbiz.de/10008839334
contain domestic demand, fiscal surpluses are needed, until the benefits of structural reforms are reaped. Low inflation … should be entrenched by adoption of inflation targeting once government support and sound fiscal policies are in place …
Persistent link: https://www.econbiz.de/10011245676
targets for inflation. Using the recent experience of Colombia between 2004 and 2007, this paper examines the effectiveness of … the Central Bank's intervention in stemming domestic currency appreciation under an inflation targeting regime. The … slowing down domestic currency appreciation, as large-scale intervention became incompatible with meeting the inflation target …
Persistent link: https://www.econbiz.de/10005263872
Colombia’s economy has performed well in recent years. This 2008 Article IV Consultation highlights that economic growth in 2006–07 exceeded the regional average by a substantial margin. The authorities have acted swiftly to bolster confidence and ensure that the private sector...
Persistent link: https://www.econbiz.de/10011245435
This paper explores the connection between interest rates in major industrial countries and annual real output growth in other countries. The results show that high large-country interest rates have a contractionary effect on annual real GDP growth in the domestic economy, but that this effect...
Persistent link: https://www.econbiz.de/10005769125
Using countries' de facto exchange rate regimes during 1985-2002, this paper analyzes the determinants of exits from pegged regimes, where exits involve shifts to more or less flexible regimes, or adjustments within the existing regime. Distinguishing episodes characterized by "exchange market...
Persistent link: https://www.econbiz.de/10005264170
Performance of the banking sector during the crisis and challenges are discussed. The impact of the political crisis on the banking sector is outlined. The Kyrgyz Republic is one of the most open economies in the world. Gross international reserves (GIR) in the Kyrgyz Republic have increased...
Persistent link: https://www.econbiz.de/10011243601