- International Monetary Fund. African Dept.
- Published Date:
- October 2012
2012, “Sub-Saharan Oil and Gas 2012: A Business Africa Guide,” African Arguments, a blog by the Royal African Society, Available at: http://africanarguments.org/2012/02/02/sub-saharan-oil-and-gas-2012-a-business-africa-guide-by-rolake-akinola-ecobank-capital/
2007, “Stock Market Development in Sub-Saharan Africa: Critical Issues and Challenges,” IMF Working Paper 07/209 (Washington: International Monetary Fund).,
Synchronization of Inflation and Implications for the SACU region,” (Washington: International Monetary Fund)., “
2011, “Agriculture and Structural Transformation in Africa,” paper presented atthe Stanford Symposium on Global Food Policy and Food Security in the 21st century (Stanford: Stanford University).,
2011, “The Cereal Economy in Nigeria and the Sub-Regional Dimension,” Social Study Science Group, Vol. 1, No. 29.,
2010, “Educational Attainment in the World, 1950–2010,”updated onApril2012. Available at: http://www.barrolee.com/,
2011, “South Africa: Macro Policy Mix and Its Effects on Growth and The Real Exchange Rate–Empirical Evidence and GIMF Simulations,”African Departmental Paper No. 11/04 (Washington: International Monetary Fund).,
CITAC, 2011, “Oil Refining in Sub-Saharan Africa” (London: CITAC Africa LLP).
2012, “Manufacturing Firms in Africa: Some Stylized Facts about Wages and Productivity,” MPRA Paper no. 36122 (Texas: Texas A&M International University).,
Southern African Customs Union Revenue Volatility: Roots and Options for Mitigation,” The Economics of Regional Integration: Current and Future Challenges for Southern Africa, ed. by JoannesMongardini (ed) (Washington: International Monetary Fund)., “
2011, “Becoming a Global Exporter of Business services: The Case of Kenya,” in Exporting Services: A Developing Economy Perspective, Arti Grover Goswami, Aaditya Mattoo, and Sebastian Saez (Washington: World Bank).,
2011, “Niger’s Infrastructure: A Continental Perspective,” World Bank Policy Research Working Paper 6598 (Washington: World Bank).,
2011, “Assessing Systemic Trade Interconnectedness: An Empirical Approach,” Working Paper 11/214 (Washington: International Monetary Fund).,
2011 “Policies and Productivity Growth in African Agriculture,” Conference Working Paper No.19, Agricultural Science and Technology Indicators(ASTI)-International Food Policy Research Institute (IFPRI)-Forum for Agricultural Research in Africa (FARA) Conference (Accra, Ghana).,
2011, “Service With a Smile: A New Growth Engine for Poor Countries,” VOX (VOXEU.org is a policy portal set up by the Centre for Economic Policy Research(www.CEPR.org) Available at: http://www.voxeu.org/index.php?q=node/6459.,
2008, “Benin’s Re-export Trade,” in Benin Country Economic Memorandum, Chapter 3 (Washington: World Bank).,
2012, “Government Policies, Smuggling, and the Informal Sector,” in The Informal Sector in Francophone Africa, edited by Benjamin, Nancy, and Mbaye, Ahmadou Aly (ed), Chapter 9, pp. 195–233 (Washington: World Bank).,
2012, “Entrepôt Trade and Smuggling in West Africa: Benin, Togo and Nigeria,” The World Economy, Vol. 35, No. 9 (Swarthmore College: Pennsylvania).,
2004, “Understanding India’s Services Revolution,” IMF Working Paper 04/171 (Washington: International Monetary Fund).,
International Monetary Fund, 2012a, Regional Economic Outlook: Sub-Saharan Africa (Washington, April).
International Monetary Fund, 2012b, “Benin Staff Report for the Third Review of the ECF” (Washington: International Monetary Fund).
International Monetary Fund, 2012d, Regional Economic Outlook: Western Hemisphere (Washington, April).
International Monetary Fund, 2012e, “Enhancing Surveillance-Interconnectedness and Clusters” (Washington, June).
International Monetary Fund, 2012f, “2012 Spillover Report” (Washington, August).
2012, “Fragmentation and Trade in Value Added over Four Decades,” NBER Working Paper No. 18186 (Cambridge: Mass: National Bureau of Economic Research).,
2007, “Assessing the Potential of the Manufacturing Sector in Namibia,” BoN Occasional Paper OP–1/2007 (Windhoek: Bank of Namibia).,
2006, “India’s Pattern of Development: What Happened, What Follows?” Journal of Monetary Economics, Vol. 53, Issue 5 (July) pp. 981–1019.,
2010, “The Cross-Border Expansion of Africa LCFIS, Implications for Regional Financial Stability and Regulatory Reform,” (Tunisia: African Development Bank).,
McKinsey Global Institute, 2012, “Africa at Work: Job Creation and Inclusive Growth,” Available at: www.mckinsey.com/mgi.
2011, “Globalization, Structural Change, and Productivity Growth,” NBER Working Paper No. 17143 (Cambridge: National Bureau of Economic Research).,
2005, “Le Trafic Illicite des Produits Pétroliers entre le Bénin et le Nigeria,” Economie Régionale Laboratoire d’Analyse Régionale et d’Expertise Sociale (LARES), (Washington: World Bank).,
2007, The Political Economy of Economic Growth in Africa, 1960–2000, Volume 1 (Cambridge: Cambridge University Press)., eds.,
2007, The Political Economy of Economic Growth in Africa, 1960–2000, Volume 2: Country Case Studies (Cambridge: Cambridge University Press)., eds.,
forthcoming, “Cross Border Expansion of Nigerian Banks: Any Benefits to Financial Intermediation in The Host Countries?” (Unpublished).,
2009, “Tanzania—the Story of an African Transition” (Washington: International Monetary Fund).,
2010, “Emerging Africa: How 17 Countries are Leading the Way” (Washington: Center for Global Development).,
2007, “South-South Migration and Remittances,” Development Prospects Group (Washington: World Bank).,
2011, “Migration and Remittances Factbook” (Washington: World Bank).,
2008, “Agriculture and Aggregate Productivity: A Quantitative Cross-Country Analysis,” Journal of Monetary Economics, Vol. 55, pp. 234–50.,
2011, “Global and Regional Spillovers to GCC Equity Markets,” IMF Working Paper 11/138 (Washington: International Monetary Fund).,
2009, “The Mauritian Success Story and its Lessons,” Research Paper 2009/36, United Nations University—World Institute for Development Economics Research, (Helsinki: United Nations University).,
United Nations, 2005, “Case Study on Outward Foreign Direct Investment by South African Enterprises (New York: United Nations).
United Nations Development Programme, 2012, Africa Human Development Report 2012: “Towards a Food Secure Future,” (New York: United Nations Publications).
World Bank, 2004, “Benin Country Economic Memorandum,” (Washington: World Bank).
World Bank, 2010, “World Bank Report No. 51815-BF (Country Economic Memorandum): Burkina Faso—Promoting Growth, Competitiveness and Diversification,” (Washington: World Bank).
World Bank, 2012a; “Togo: Technical Notes on Poverty and Gender.” World Bank Document, PREM 4, Africa Region (Washington: World Bank).
World Bank, 2012b, Walking on a Tightrope, Kenya Economic Update, Edition No. 6. (Washington: World Bank).
2002, “Potential for Diversifying Namibia’s Non-Mineral to Non-Traditional Markets,” BoN Occasional Paper 8/4/1/op–1/2002 (Windhoek: Bank of Namibia).,
Publications of the IMF African Department, 2009–12
Books and Monographs
Oil Wealth in Central Africa: Policies for Inclusive Growth
Coorey, Sharmini, and Bernardin Akitoby
The Impact of the Global Financial Crisis on Sub-Saharan Africa
Tanzania: The Story of an African Transition
Nord, Roger, Yuri Sobolev, David Dunn, Alejandro Hajdenberg, Niko Hobdari, Samar Maziad, and Stéphane Roudet
Macroeconomic Vulnerabilities Stemming from the Global Economic Crisis: The Case of Switzerland
Basdevant, Olivier, Chikako Baba, and Borislava Mircheva
What Do Fast Job Creators Look Like? Some Stylized Facts and Perspectives on South Africa
South Africa: Macro Policy Mix and Its Effects on Growth and the Real Exchange Rate—Empirical Evidence and GIMF Simulations
Canales-Kriljenko, Jorge Iván
Measuring the Potential Output of South Africa
In the Wake of the Global Economic Crisis: Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland
Mongardini, Joannes, Dalmacio Benicio, Thomson Fontaine, Gonzalo C. Pastor, and Geneviève Verdier
Zimbabwe: Challenges and Policy Options after Hyperinflation
Kramarenko, Vitaliy, Lars H. Engstrom, Geneviève Verdier, Gilda Fernandez, Stefan E. Oppers, Richard Hughes, James McHugh, and Warren L. Coats
Expenditure Composition and Economic Developments in Benin
Pani, Marco and Mohamed El Harrak
Wage Policy and Fiscal Sustainability in Benin
Lundgren, Charlotte J.
The Global Financial Crisis and Adjustments to Shocks in Kenya, Tanzania, and Uganda: A Balance Sheet Analysis Perspective
Impact of the Global Financial Crisis on Exchange Rates and Policies in Sub-Saharan Africa
Ben Ltaifa, Nabil, Stella Kaendera, and Shiv Dixit
Spillover Effects and the East African Community: Explaining the Slowdown and the Recovery
Drummond, Paulo and Gustavo Ramirez
Foreign Exchange Reserve Adequacy in East African Community Countries
Drummond, Paulo, Aristide Mrema, Stéphane Roudet, and Mika Saito
Staff Position Notes
The International Financial Crisis and Global Recession: Impact on the CEMAC Region and Policy Considerations
Wakeman-Linn, John, Rafael A. Portillo, Plamen Iossifov, and Dimitre Milkov
The Global Financial Crisis: Impact on WAEMU Member Countries and Policy Options
Mueller, Johannes, Irene Yackovlev, and Hans Weisfeld
The Southern African Development Community’s Macroeconomic Convergence Program: Initial Performance
Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis
Berg, Andrew, Norbert Funke, Alejandro Hajdenberg, Victor Duarte Lledo, Rolando Ossowski, Martin Schindler, Antonio Spilimbergo, Shamsuddin Tareq, and Irene Yackovlev
Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters
A Financial Conditions Index for South Africa
Gumata, Nombulelo, Nir Klein, and Eliphas Ndou
Estimating the Implicit Inflation Target of the South African Reserve Bank
Monetization in Low- and Middle-Income Countries
McLoughlin, Cameron, and Noriaki Kinoshita
The Relationship between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa
Stotsky, Janet Gale, Manuk Ghazanchyan, Olumuyiwa Adedeji, and Nils O. Maehle
Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants
Razafimahefa, Ivohasina Fizara
Welfare Effects of Monetary Integration: The Common Monetary Area and Beyond
Asonuma, Tamon, Xavier Debrun, and Paul R. Masson
As You Sow So Shall You Reap: Public Investment Surges, Growth, and Debt Sustainability in Togo
Andrle, Michal, Antonio David, Raphael A. Espinoza, Marshall Mills, and Luis-Felipe Zanna
Tracking Short-Term Dynamics of Economic Activity in Low-Income Countries in the Absence of High-Frequency GDP Data
Opoku-Afari, Maxwell, and Shiv Dixit
Mobilizing Revenue in Sub-Saharan Africa: Empirical Norms and Key Determinants
Drummond, Paulo, Wendell Daal, Nandini Srivastava, and Luiz E. Oliveira
Monetary Policy in Low-Income Countries in the Face of the Global Crisis: The Case of Zambia
Baldini, Alfredo, Jaromir Benes, Andrew Berg, Mai Dao, and Rafael Portillo
Fiscal Policies and Rules in the Face of Revenue Volatility Within Southern Africa Customs Union Countries (SACU)
Real Wage, Labor Productivity, and Employment Trends in South Africa: A Closer Look
Exchange Rate Volatility Under Peg: Do Trade Patterns Matter?
Lonkeng Ngouana, Constant
Assessing Bank Competition within the East African Community
Sanya, Sarah and Matthew Gaertner,
Prudential Liquidity Regulation in Developing Countries: A Case Study of Rwanda
Sanya, Sarah, Wayne Mitchell, and Angelique Kantengwa
Capital Market Integration: Progress Ahead of the East African Community Monetary Union
International Reserves in Low-Income Countries: Have They Served as Buffers?
Cripolti, Valerio and George Tsibouris
Inflation Differentials in the GCC: Does the Oil Cycle Matter?
Mohaddes, Kamiar and Oral Williams
Effectiveness of Capital Controls in Selected Emerging Markets in the 2000s
Baba, Chikako and Annamaria Kokenyne
How Costly Are Debt Crises?
Furceri, Davide and Aleksandra Zdzienicka
Monetary Policy Transmission in Ghana: Does the Interest Rate Channel Work?
Does Money Matter for Inflation in Ghana?
On the Stability of Monety Demand in Ghana: A Bounds Testing Approach
Dagher, Jihad and Arto Kovanen
Oil-Price Boom and Real Exchange Rate Appreciation: Is There Dutch Disease in the CEMAC?
Treviño, Juan Pedro
The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland
Basdevant, Olivier, Dalmacio Benicio, Borislava Mircheva, Joannes Mongardini, Geneviève Verdier, Susan Yang, and Luis-Felipe Zanna
Do Remittances Reduce Aid Dependency?
Kpodar, Kangni and Maelan Le Goff
Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries: How do they Differ?
Tabova, Alexandra and Carol L. Baker
Inflation Dynamics in the CEMAC Region
Caceres, Carlos, Marcos Poplawski-Ribeiro, and Darlena Tartari
External Sustainability of Oil-Producing Sub-Saharan African Countries
Takebe, Misa, and Robert C. York
The Cyclicality of Fiscal Policies in the CEMAC Region
Mpatswe, Gaston K., Sampawende J. Tapsoba, and Robert C. York
South Africa: The Cyclical Behavior of the Markups and Its Implications for Monetary Policy
Burkina Faso—Policies to Protect the Poor from the Impact of Food and Energy Price Increases
Arze del Granado, Javier, and Isabell Adenauer
De Jure versus De Facto Exchange Rate Regimes in Sub-Saharan Africa
Slavov, Slavi T.
Financial Deepening, Property Rights and Poverty: Evidence from Sub-Saharan Africa
Singh, Raju Jan, and Yifei Huang
FDI from BRICs to LICs: Emerging Growth Driver?
Mlachila, Montfort, and Misa Takebe
Determinants of Interest Rate Pass-Through: Do Macroeconomic Conditions and Financial Market Structure Matter?
The Quest for Higher Growth in the WAEMU Region: The Role of Accelerations and Decelerations
Kinda, Tidiane, and Montfort Mlachila
Fiscal Policy Implementation in Sub-Saharan Africa
Lledo, Victor Duarte, and Marcos Poplawski Ribeiro
Post-Conflict Recovery: Institutions, Aid, or Luck?
David, Antonio, Fabiano Rodrigues Bastos, and Marshall Mills
Ghana: Will It Be Gifted, or Will It Be Cursed?
Oil Spill(over)s: Linkages in Petroleum Product Pricing Policies in West African Countries
David, Antonio, Mohamed El Harrak, Marshall Mills, and Lorraine Ocampos
Feeling the Elephant’s Weight: The Impact of Côte d’Ivoire’s Crisis on WAEMU Trade
Egoumé-Bossogo, Philippe and Ankouvi Nayo
ICT, Financial Inclusion, and Growth Evidence from African Countries
Andrianaivo, Mihasonirina, and Kangni Kpodar
Feeling the Elephant’s Weight: The Impact of Côte d’Ivoire’s Crisis on WAEMU Trade
Egoumé-Bossogo, Philippe, and Nayo Ankouvi
Fiscal Sustainability and the Fiscal Reaction Function for South Africa
Burger, Philippe, Alfredo Cuevas, Ian Stuart, and Charl Jooste
Reviving the Competitive Storage Model: A Holistic Approach to Food Commodity Prices
Miao, Yanliang, Weifeng Wu, and Norbert Funke
Inflation Uncertainty and Relative Price Variability in WAEMU
Fernandez Valdovinos, Carlos, and Kerstin Gerling
Modeling Inflation in Chad
Fiscal Expectations under the Stability and Growth Pact: Evidence from Survey Data
Poplawski-Ribeiro, Marcos and Jan-Christoph Rulke
Growth in Africa under Peace and Market Reforms
Korbut, Olessia, Gonzalo Salinas, and Cheikh A. Gueye
Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate
Kinda, Tidiane, Jean-Louis Combes, and Patrick Plane
Weathering the Global Storm: The Benefits of Monetary Policy Reform in the LA5 Countries
Canales Kriljenko, Jorge Iván, Luis Ignacio Jácome, Ali Alichi, and Ivan Luis de Oliveira Lima
Export Tax and Pricing Power: Two Hypotheses on the Cocoa Market in Côte d’Ivoire
What Can International Cricket Teach Us About the Role of Luck in Labor Markets?
Aiyar, Shekhar, and Rodney Ramcharan
Performance of Fiscal Accounts in South Africa in a Cross-Country Setting
Cyclicality of Revenue and Structural Balances in South Africa
Mother, Can I Trust the Government? Sustained Financial Deepening—A Political Institutions View
Quintyn, Marc, and Geneviève Verdier
Islamic Banking: How Has It Diffused?
Imam, Patrick A., and Kangni Kpodar
A Macro Model of the Credit Channel in a Currency Union Member: The Case of Benin
How Do International Financial Flows to Developing Countries Respond to Natural Disasters?
Exchange Rate Assessment for Sub-Saharan Economies
Balance Sheet Vulnerabilities of Mauritius during a Decade of Shocks
Imam, Patrick A., and Rainer Koehler
Beyond Aid: How Much Should African Countries Pay to Borrow?
Gueye, Cheikh A., and Amadou N.R. Sy
Banking Efficiency and Financial Development in Sub-Saharan Africa
FDI Flows to Low-Income Countries: Global Drivers and Growth Implications
Dabla-Norris, Era, Jiro Honda, Amina Lahrèche-Révil, and Geneviève Verdier
The Linkage between the Oil and Nonoil Sectors—A Panel VAR Approach
Short- versus Long-Term Credit and Economic Performance: Evidence from the WAEMU
Kpodar, Kangni and Kodzo Gbenyo
Budget Institutions and Fiscal Performance in Low-Income Countries
Dabla-Norris, Era, Richard Allen, Luis-Felipe Zanna, Tej Prakash, Eteri Kvintradze, Victor Duarte Lledo, Irene Yackovlev, and Sophia Gollwitzer
ICT Equipment Investment and Growth in Low- and Lower-Middle-Income Countries
The Real Exchange Rate and Growth Revisited: The Washington Consensus Strikes Back?
Berg, Andrew, and Yanliang Miao
Firm Productivity, Innovation, and Financial Development
Dabla-Norris, Era, Eramus Kersting, and Geneviève Verdier
Cyclical Patterns of Government Expenditures in Sub-Saharan Africa: Facts and Factors
Lledo, Victor, Irene Yackovlev, and Lucie Gadenne
A Framework to Assess the Effectiveness of IMF Technical Assistance in National Accounts
Pastor, Gonzalo C.
Improving Surveillance across the CEMAC Region
Iossifov, Plamen, Noriaki Kinoshita, Misa Takebe, Robert C. York, and Zaijin Zhan
A Rule Based Medium-Term Fiscal Policy Framework for Tanzania
Kim, Daehaeng, and Mika Saito
Analyzing Fiscal Space Using the MAMS Model: An Application to Burkina Faso
Gottschalk, Jan, Vu Manh Le, Hans Lofgren, and Kofi Nouve
Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
Singh, Raju Jan, Markus Haacker, and Kyung-woo Lee
São Tomé and Príncipe: Domestic Tax System and Tax Revenue Potential
The Gambia: Demand for Broad Money and Implications for Monetary Policy Conduct
Sriram, Subramanian S.
Understanding the Growth of African Markets
Yartey, Charles Amo, and Mihasonirina Andrianaivo
Credit Growth in Sub-Saharan Africa—Sources, Risks, and Policy Responses
Iossifov, Plamen, and May Y. Khamis
Spillovers from the Rest of the World into Sub-Saharan African Countries
Drummond, Paulo, Flavio Nacif, and Gustavo Ramirez
In Search of Successful Inflation Targeting: Evidence from an Inflation Targeting Index
Introducing the Euro as Legal Tender—Benefits and Costs of Eurorization for Cape Verde
Imam, Patrick A.
The Macroeconomics of Scaling Up Aid: The Gleneagles Initiative for Benin
Mongardini, Joannes, and Issouf Samaké
Sub-Saharan Africa’s Integration in the Global Financial Markets
Deléchat, Corinne, Gustavo Ramirez, Smita Wagh, and John Wakeman-Linn
Financial Deepening in the CFA Franc Zone: The Role of Institutions
Singh, Raju, Kangni Kpodar, and Dhaneshwar Ghura
Madagascar: A Competitiveness and Exchange Rate Assessment
Understanding Inflation Inertia in Angola
Klein, Nir, and Alexander Kyei
Grants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries
Mongardini, Joannes, and Brett Rayner
Dedollarization in Liberia—Lessons from Cross-Country Experience
Erasmus, Lodewyk, Jules Leichter, and Jeta Menkulasi
The Macroeconomic Impact of Scaled-Up Aid: The Case of Niger
Farah, Abdikarim, Emilio Sacerdoti, and Gonzalo Salinas
The Value of Institutions for Financial Markets: Evidence from Emerging Markets
Akitoby, Bernardin, and Thomas Stratmann
Why Isn’t South Africa Growing Faster? A Comparative Approach
The Determinants of Commercial Bank Profitability in Sub-Saharan Africa
Flamini, Valentina, Calvin A. McDonald, and Liliane Schumacher
Bank Efficiency in Sub-Saharan African Middle-Income Countries
How Can Burundi Raise Its Growth Rate? The Impact of Civil Conflicts and State Intervention on Burundi’s Growth Performance