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Author(s):
International Monetary Fund. African Dept.
Published Date:
October 2008
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    Publications du Département Afrique du FMI, 2004–08

    LIVRES ET MONOGRAPHIES

    2008
    The CFA Franc Zone: Common Currency, Uncommon ChallengesGulde, Anne-Marie, and Charalambos Tsangarides, eds.
    Post-Stabilization Economics in Sub-Saharan Africa: Lessons from MozambiqueClément, Jean A.P., and Shanaka J. Peiris, eds.
    2007
    Sub-Saharan Africa: Forging New Links with AsiaCarey, Kevin, Sanjeev Gupta, and Ulrich Jacoby
    2006
    Sub-Saharan Africa: Financial Sector ChallengesGulde, Anne-Marie, Catherine Pattillo, Jakob Christensen, Kevin Carey, and Smita Wagh
    Macroeconomic Challenges of Scaling Up Aid to AfricaGupta, Sanjeev, Robert Powell, and Yongzheng Yang
    Sustaining and Accelerating Pro-Poor Growth in AfricaPattillo, Catherine, Sanjeev Gupta, and Kevin Carey
    Regional Trade Arrangements in AfricaYang, Yongzheng, and Sanjeev Gupta
    Post-Apartheid South Africa: The First Ten YearsNowak, Michael, and Luca Ricci, eds.
    2005
    “The ICT Sector and the Global Economy: Counting the Gains” in The Global Information Technology Report 2004/05Haacker, Markus
    Lifting the Oil Curse: Improving Petroleum Revenue Management in Sub-Saharan AfricaBartxch, Ulrich, Milan Cuc, Menachem Katz, and Harinder Malothra
    The Macroeconomics of HIV/AIDSHaacker, Markus
    Mauritius: Challenges to Sustained GrowthSacerdoti, Emilio, Gamal El Masry, Padamia Khandelwal, and Yudong Yao
    Postconflict Economics in Sub-Saharan Africa: Lessons from the Democratic Republic of the CongoClément, Jean A.P.

    Documents de Travail

    08/231
    Beyond Macroeconomic Stability: The Quest for Industrialization in UgandaSelassie, Abebe Aemro
    08/212
    Mauritius: A Competitiveness AssessmentImam, Patrick A., and Camelia Minoiu
    08/172
    Africa’s Oil Abundance and External Competitiveness: Do Institutions Matter?Qureshi, Mahvash Saeed
    08/156
    Modeling Macro-Critical Energy Sectors in Low-Income Countries: A General Framework and an Application to Côte d’IvoireFabig, Holger
    08/152
    A Model of Sovereign Debt in DemocraciesAlichi, Ali
    08/150
    Foreign Reserve Adequacy in Sub-Saharan AfricaDrummond, Paulo, and Anubha Dhasmana
    08/138
    Tanzania’s Equilibrium Real Exchange RateHobdari, Niko
    08/131
    Crude Oil Prices: Trends and ForecastKrichene, Noureddine
    08/130
    Recent Inflationary Trends in World Commodities MarketsKrichene, Noureddine
    08/121
    Fiscal and Monetary Anchors for Price Stability: Evidence from Sub-Saharan AfricaBaldini, Alfredo, and Marcos Poplawski Ribeiro
    08/120
    Investment and Growth Dynamics: An Empirical Assessment Applied to BeninSamaké, Issouf
    08/118
    The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy: The Case of São Tomé and PríncipeWang, Jian-Ye, Márcio Valério Ronci, Nisreen Farhan, Misa Takebe, and Amar Shanghavi
    08/117
    Calculating Sustainable Non-Mineral Balances as Benchmarks for Fiscal Policy: The Case of BotswanaClausen, Jens R.
    08/114
    Do IMF Programs Improve Economic Governance?Honda, Jiro
    08/101
    Welfare Gains of Aid Indexation in Small Open EconomiesDhasmana, Anubha
    08/83
    Exchange Rate Assessment in a Resource-Dependent Economy: The Case of BotswanaDeléchat, Corinne, and Matthew Gaertner
    08/81
    High and Volatile Treasury Yields in Tanzania: The Role of Strategic Bidding and Auction MicrostructureAbbas, S. M. Ali, and Yuri Vladimirovich Sobolev
    08/80
    Are Diamonds Forever? Using the Permanent Income Hypothesis to Analyze Botswana’s Reliance on Diamond RevenueBasdevant, Olivier
    08/75
    Testing for Structural Breaks in Small SamplesAntoshin, Sergei, Andrew Berg, and Marcos Souto
    08/68
    Trade in the WAEMU: Developments and Reform OpportunitiesWeisfeld, Hans, and Manuela Goretti
    08/62
    Financial Development and Poverty Reduction: Can There Be a Benefit Without a Cost?Jeanneney, Sylviane Guillaumont, and Kangni Kpodar
    08/59
    What Makes Growth Sustained?Berg, Andrew, Jonathan Ostry, and Jeromin Zettelmeyer
    08/39
    Big Government, High Debt, and Fiscal Adjustment in Small StatesMedina Case, Stephanie, and Rui Ota
    08/36
    Terms of Trade Shocks and Economic RecoveryFunke, Norbert, Eleonora Granziera, and Patrick A. Iman
    08/34
    Where Did All the Aid Go? An Empirical Analysis of Absorption and SpendingAiyar, Shekhar, and Umal Ruthbah
    08/32
    The Determinants of Stock Market Development in Emerging EconomiesYartey, Charles Amo
    07/295
    Modeling Inflation for MaliDiouf, Mame Astour
    07/282
    An Estimated DSGE Model for Monetary Policy Analysis in Low-Income CountriesPeiris, Shanaka J., and Magnus Saxegaard
    7/253
    Optimal Taxation in the Forestry Sector in the Congo Basin: The Case of GabonMelhado, Oscar
    07/243
    Implications of Oil Inflows for Savings and Reserves Management in the CEMACDrummond, Paulo
    07/232
    Fiscal Reaction Functions in the CFA Zone: An Analytical PerspectiveAdedeji, Olumuyiwa, and Oral Williams
    07/213
    Inter-Sectoral Linkages and Local Content in Extractive Industries and Beyond—The Case of São Tomé and PríncipeKleuh, Ulrich, Gonzalo Pastor, Alonso Segura, and Walter Zarate
    07/212
    Competitiveness in the CFA Franc ZoneRamirez, Gustavo, and Charalambos Tsangarides
    07/211
    What Drives China’s Growing Role in Africa?Wang, Jian-Ye
    07/209
    Stock Market Development in Sub-Saharan Africa: Critical Issues and ChallengesYartey, Charles Amo, and Charles Komla Adjasi
    07/203
    Financial Deepening in Sub-Saharan Africa: Empirical Evidence on the Role of Creditor RightsMcDonald, Calvin, and Liliana Schumacher
    07/194
    Estimation of Equilibrium Exchange Rates in the WAEMU: A Robustness ApproachRoudet, Stephane, Magnus Saxegaard, and Charalambos Tsangarides
    07/180
    Monetary Policy Rules for Managing Aid Surges in AfricaAdam, Christopher, Stephen O’Connell, Edward Buffie, and Catherine Pattillo
    07/158
    The Common Monetary Area in Southern Africa: Shocks, Adjustment, and Policy ChallengesWang, Jian-Ye, Iyabo Maska, Kazuko Shirono, and Leighton Harris
    07/155
    Estimation of a Behavioral Equilibrium Exchange Rate Model for GhanaIossifov, Plamen, and Elena Loukoianova
    07/145
    Measuring the Effect of Foreign Aid on Growth and Poverty Reduction, or the Pitfalls of Interaction VariablesPattillo, Catherine, J.J. Polak, and JoyDeep Roy
    07/137
    Trade Reform in the CEMAC: Developments and OpportunitiesMartijn, Jan-Kees, and Charalambos Tsangarides
    07/135
    An Oil and Gas ModelKrichene, Noureddine
    07/127
    The Role of Domestic Debt Markets in Economic Growth: An Empirical Investigation for Low-Income Countries and Emerging MarketsAbbas, S.M. Ali, and Jakob Christensen
    07/123
    Monetary Policy Transparency and Financial Market Forecasts in South AfricaArora, Vivek
    07/107
    Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan AfricaOlters, Jan-Peter
    07/99
    Lessons from High Inflation Episodes for Stabilizing the Economy in ZimbabweCoorey, Sharmini, Jens R. Clausen, Norbert Funke, Sònia Muñoz, and Bakar Ould-Abdallah
    07/98
    Central Bank Quasi-Fiscal Losses and High Inflation in Zimbabwe: A NoteMuñoz, Sònia
    07/90
    In Search of Equilibrium: Estimating Equilibrium Real Exchange Rates in Sub-Saharan African CountriesChudik, Alexander, and Joannes Mongardini
    07/40
    Do South-South Trade Agreements Increase Trade? Commodity-Level Evidence from COMESAMayda, Anna Maria, and Chad Steinberg
    07/38
    Impact of Remittances on Poverty and Financial Development in Sub-Saharan AfricaGupta, Sanjeev, Catherine Pattillo, and Smita Wagh
    07/34
    Fixed Exchange Rates and the Autonomy of Monetary Policy: The Franc Zone CaseVeyrune, Romain
    07/32
    Sources of Inflation in Sub-Saharan AfricaBarnichon, Régis, and Shanaka J. Peiris
    06/303
    Assessing Competitiveness After Conflict: The Case of the Central African RepublicBakhache, Said, Mark Lewis, Kadima Kalonji, and Jean-Claude Nachega
    06/300
    A VAR Analysis of Kenya’s Monetary Policy Transmission Mechanism: How Does the Central Bank’s REPO Rate Affect the Economy?Cheng, Kevin C.
    06/236
    FEER for the CFA FrancAbdih, Yasser, and Charalambos Tsangarides
    06/208
    Economic Growth and Total Factor Productivity in NigerNachega, Jean-Claude, and Thomson Fontaine
    06/193
    Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy: Lessons from GabonLeigh, Daniel, and Jan-Peter Olters
    06/185
    Oil and Growth in the Republic of CongoBhattacharya, Rina, and Dhaneshwar Ghura
    06/183
    Management of Oil Wealth Under the Permanent Income Hypothesis: The Case of São Tomé and PríncipeSegura, Alonso
    06/150
    An Empirical Investigation of the Exchange Rate Pass-Through to Inflation in TanzaniaMwase, Nkunde
    06/140
    Exchange Rate Misalignment: An Application of the Behavioral Equilibrium Exchange Rate (BEER) to BotswanaIimi, Atsushi
    06/138
    Did Botswana Escape from the Resource Curse?Iimi, Atsushi
    06/132
    Determinants of Emigrant Deposits in Cape VerdeKarpowicz, Izabela
    06/115
    Excess Liquidity and the Effectiveness of Monetary Policy: Evidence from Sub-Saharan AfricaSaxegaard, Magnus
    06/91
    Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from MaliKpodar, Kangni
    06/90
    What Is Fuzzy About Clustering in West Africa?Tsangarides, Charalambos G., and Mahvash Saeed Qureshi
    06/82
    Adopting Full Dollarization in Postconflict Economies: Would the Gains Compensate for the Losses in Liberia?Honda, Jiro, and Liliana Schumacher
    06/31
    Stylized Facts on Bilateral Trade and Currency Unions: Implications for AfricaTsangarides, Charalambos G., Pierre Ewenczyk, and Michael Hulej
    06/28
    Zimbabwe’s Export Performance: The Impact of the Parallel Market and Governance FactorsMuñoz, Sònia
    06/24
    Implications of Quasi-Fiscal Activities in GhanaChivakul, Mali, and Robert C. York
    06/15
    Suppressed Inflation and Money Demand in ZimbabweMuñoz, Sònia
    06/01
    Are Donor Countries Giving More or Less Aid?Gupta, Sanjeev, Catherine Pattillo, and Smita Wagh
    05/240
    Bank Efficiency and Competition in Low-Income Countries: The Case of UgandaHaunner, David, and Shanaka J. Peiris
    05/236
    Money Demand and Inflation in MadagascarNassar, Koffie
    05/221
    Fiscal Dominance and Inflation in the Democratic Republic of the CongoNachega, Jean-Claude
    05/195
    Sustaining Growth Accelerations and Pro-Poor Growth in AfricaPattillo, Catherine, Sanjeev Gupta, and Kevin Carey
    05/179
    The Macroeconomic Challenges of Scaling Up Aid to AfricaGupta, Sanjeev, Robert Powell, and Yongzheng Yang
    05/178
    How Useful Is Monetary Econometrics in Low-Income Countries? The Case of Money Demand and the Multipliers in RwandaHauner, David, and Gabriel Di Bella
    05/174
    Subordinated Levy Processes and Applications to Crude Oil OptionsKrichene, Noureddine
    05/172
    Inflation Targeting Lite in Small Open Economies: The Case of MauritiusPorter, Nathan, and James Y. Yao
    05/156
    Forestry Taxation in Africa: The Case of LiberiaSchwidrowski, Arnim, and Saji Thomas
    05/145
    Ten Years After the CFA Franc Devaluation: Progress Toward Regional Integration in the WAEMUvan den Boogaerde, Pierre, and Charalambos Tsangarides
    05/143
    Trade Integration in the East African Community: An Assessment for KenyaMcIntyre, Meredith A.
    05/58
    The Implications of South African Economic Growth for the Rest of AfricaArora, Vivek B., and Athanasios Vamvakidis
    05/47
    The Disconcerting Pyramids of Poverty and Inequality of Sub-Saharan AfricaLopes, Paulo Silva
    05/40
    The Composition of Capital Flows—Is South Africa Different?Ahmed, Faisal, Rabah Arezki, and Norbert Funke
    05/36
    Regional Trade Arrangements in Africa—Past Performance and the Way ForwardYang, Yongzheng, and Sanjeev Gupta
    05/35
    Tanzania’s Growth Process and Success in Reducing PovertyTreichel, Volker
    05/32
    A Simultaneous Equations Model for World Crude Oil and Natural Gas MarketsKrichene, Noureddine
    05/18
    Growth Empirics Under Model Uncertainty—Is Africa Different?Tsangarides, Charalambos
    05/17
    Competition and Efficiency in Banking—Behavioral Evidence from GhanaBuchs, Thierry D., and Johan Mathisen
    05/13
    Currency Crises in Developed and Emerging Market Economies—A Comparative Empirical TreatmentFontaine, Thomson
    04/238
    Local Financial Development and the Aid-Growth RelationshipNkusu, Mwanza, and Selin Sayek
    04/223
    Inflation and Monetary Pass-Through in GuineaBlavy, Rodolphe
    04/212
    Are There Negative Returns to Aid? A CommentNkusu, Mwanza
    04/198
    Growth and Convergence in WAEMU CountriesWane, Abdoul Aziz
    04/196
    Deriving Market Expectations for the Euro-Dollar Exchange Rate from Option PricesKrichene, Noureddine
    04/189
    Can Higher Reserves Help Reduce Exchange Rate Volatility?Hviding, Cetil, Michael Nowak, and Luca Antonio Ricci
    04/176
    Sources of Growth in Sub-Saharan AfricaTahari, Amor, Dhaneshwar Ghura, Bernardin Akitoby, and Emmanuel Brou Aka
    04/174
    Microfinance in Africa—Experience and Lessons from Selected African CountriesBasu, Anupam, Rodolphe Blavy, and Murat Yulek
    04/170
    Financing Uganda’s Poverty Reduction Strategy—Is Aid Causing More Pain Than Gain?Nkusu, Mwanza
    04/158
    Dimensions of Land Inequality and Economic DevelopmentErickson, Lennart, and Dietrich Vollrath
    04/130
    Zimbabwe—A Quest for a Nominal AnchorKovanen, Arto
    04/117
    On Fixed and Variable Fiscal Surplus RulesBasci, Erdem, Fatih M. Ekinci, and Murat Yulek
    04/114
    Sources of Growth in the Democratic Republic of the Congo—A Cointegration ApproachAkitoby, Bernardin, and Matthias Cinyabuguma
    04/83
    Angola’s Fragile StabilizationGasha, Jose Giancarlo, and Gonzalo Pastor
    04/80
    Political Instability and Growth—The Central African RepublicGhura, Dhaneshwar, and Benoit Mercereau
    04/68
    A Bayesian Approach to Model UncertaintyTsangarides, Charalambos
    04/49
    Aid and Dutch Disease in Low-Income Countries—Informed Diagnoses for Prudent PrognosesNkusu, Mwanza
    04/46
    Domestic Debt Markets in Sub-Saharan AfricaChristensen, Jakob
    04/40
    And Schumpeter Said, “This Is How Thou Shalt Grow”: The Further Quest for Economic Growth in Poor CountriesBeaugrand, Philippe
    04/30
    Fiscal Sustainability in Heavily Indebted Countries Dependent on Nonrenewable Resources—The Case of GabonNtamatungiro, Joseph
    04/26
    How Much Do Trading Partners Matter for Economic Growth?Arora, Vivek B., and Athanasios Vamvakidis
    04/25
    Rational Speculation, Financial Crises, and Optimal Policy ResponsesSurti, Jay
    04/07
    Fiscal Sustainability—The Case of EritreaYamauchi, Ayumu

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