Back Matter

Back Matter

Author(s):
International Monetary Fund. African Dept.
Published Date:
May 2016
    Share
    • ShareShare
    Show Summary Details
    References

      Abiad, Abdul, JohnBluedorn, JaimeGuajardo, and PetiaTopalova. 2015. “The Rising Resilience of Emerging Market and Developing Economies.World Development72: 126.

      Acemoglu, Daron, and FabrizioZilibotti. 1997. “Was Prometheus Unbound by Chance? Risk, Diversification and Growth.Journal of Political Economy105 (4): 50971.

      Adler, Gustavo, and SebastianSosa. 2011. “Commodity Price Cycles: The Perils of Mismanaging the Boom.IMF Working Paper 11/283, International Monetary Fund, Washington.

      Alter, Adrian, and BorianaYontcheva. 2015. “Financial Inclusion and Development in the CEMAC.IMF Working Paper 15/235, International Monetary Fund, Washington.

      Anand, Ritu, and Sweder vanWijnbergen. 1989. “Inflation and the Financing of Government Expenditure: An Introductory Analysis with an Application to Turkey.World Bank Economic Review3 (1): 1738.

      Arcand, Jean-Louis, EnricoBerkes, and UgoPanizza. 2012. “Too Much Finance?IMF Working Paper 12/161, International Monetary Fund, Washington.

      Aslam, Aqib, SamyaBeidas-Strom, RudolfsBems, OyaCelasun, Sinem KılıçÇelik, and ZsókaKóczán. 2016. “Trading on Their Terms? Commodity Exporters in the Aftermath of the Commodity Boom.IMF Working Paper 16/27, International Monetary Fund, Washington.

      Baltagi, Badi H., Panicos O.Demetriades, and SiongHook Law. 2009. “Financial Development and Openness: Evidence from Panel Data.Journal of Development Economics89: 28596.

      Bank for International Settlements (BIS). 2010. “Microfinance Activities and the Core Principles for Effective Banking Supervision.Consultative document, Bank for International Settlements, Basel.

      Barajas, Adolfo, ThorstenBeck, EraDabla-Norris, and Seyed RezaYousefi. 2013. “Too Cold, Too Hot, Or Just Right? Assessing Financial Sector Development Across the Globe.IMF Working Paper 13/81, International Monetary Fund, Washington.

      Basdevant, Olivier, AndrewJonelis, BorislavaMircheva, and SlaviSlavov. 2014. “The Mystery of Missing Real Spillovers in Southern Africa: Some Facts and Possible Explanations.African Departmental Paper 14/03, International Monetary Fund, Washington.

      Beck, Thorsten. 2008. “The Econometrics of Finance and Growth.Policy Research Working Paper 4608, World Bank, Washington.

      Beck, Thorsten, and Samuel MunzeleMaimbo (eds.). 2013. Financial Sector Development in Africa: Opportunities and Challenges.Washington: World Bank.

      Bernanke, Ben, MarkGertler, and SimonGilchrist. 1999. “The Financial Accelerator in a Quantitative Business Cycle FrameworkIn Handbook of Macroeconomics, Volume 1C, edited by John B.Taylor and MichaelWoodford (ed). Amsterdam: Elsevier Science.

      Caballero, Ricardo J., and ArvindKrishnamurty. 2001. “International and Domestic Collateral Constraints in a Model of Emerging Markets Crisis.Journal of Monetary Economics48 (3): 51348.

      Caceres, C., and B.Gruss. Forthcoming. “Commodity Price Swings: Fiscal and External Implications for Latin America.IMF Working Paper, International Monetary Fund, Washington.

      Canales-Kriljenko, Jorge Iván, FarayiGwenhamo, and SajiThomas. 2013. “Inward and Outward Spillovers in the SACU Area.IMF Working Paper 13/31, International Monetary Fund, Washington.

      Cashin, Paul, LuisCéspedes, and RatnaSahay. 2004. “Commodity Currencies and the Real Exchange Rate.Journal of Development Economics75: 23968.

      Cecchetti, Stephen G., and EnisseKharoubi. 2015. “Why Does Financial Sector Growth Crowd Out Real Economic Growth.BIS Working Paper 490, Bank for International Settlements, Basel.

      Céspedes, Luis Felipe, and AndrésVelasco. 2012. “Macroeconomic Performance During Commodity Price Booms and Busts.IMF Economic Review60 (4): 57099.

      Chami, Ralph, ConnelFullenkamp, and SunilSharma. 2010. “A Framework for Financial Market Development.Journal of Economic Policy Reform13 (2): 10735.

      Consultative Group to Assist the Poor (CGAP). 2015. “Women and Financial Inclusion.Washington. www.cgap.org/topics/women-and-financial-inclusion.

      CGAP and Microfinance Information Exchance (MIX). 2011. “MIX Microfinance World: Sub-Saharan Africa Microfinance Analysis and Benchmarking Report 2010.Washington.

      Cuberes, David, and MarcTeignier. Forthcoming. “Aggregate Costs of Gender Gaps in the Labor Market: A Quantitative Estimate.Journal of Human Capital.

      Cui, Qiang, ChristineDieterich, and RodolfoMaino. 2016. “Benin: Selected Issues.IMF Country Report 16/7, International Monetary Fund, Washington.

      Cull, Robert, TilmanEhrbeck, and NinaHolle. 2014. “Financial Inclusion and Development: Recent Impact Evidence.CGAP Focus Note No. 92, Consultative Group to Assist the Poor, Washington.

      Dabla-Norris, Era, YanJi, RobertTownsend, and D.Filiz Unsal. 2015. “Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality.IMF Working Paper 15/22, International Monetary Fund, Washington.

      Deaton, Angus, and GuyLaroque. 1992. “On the Behavior of Commodity Prices.Review of Economic Studies59 (1): 123.

      De Haas, R. and I. vanLelyveld. 2014. “Multinational Banks and the Global Financial Crisis: Weathering the Perfect Storm?Journal of Money Credit and Banking46 (1): 33364.

      Demirgüç-Kunt, Asli, LeoraKlapper, DorotheSinger, and Peter VanOudheusden. 2015. “The Global Findex Database 2014: Measuring Financial Inclusion around the World.” Policy Research Working Paper 7225, World Bank, Washington.

      Duflo, Ester. 2011. “Women Empowerment and Economic Development.Working Paper 17702, National Bureau of Economic Research, Cambridge, Massachusetts.

      Eckstein, Zvi, and OsnatLifshitz. 2011. “Dynamic Female Labor Supply.Econometrica79 (6): 1675726.

      Edwards, Sebastian, and EduardoLevy-Yeyati,2005. “Flexible Exchange Rates as Shock Absorbers.European Economic Review49: 2079105.

      Enoch, Charles, PaulMathieu, and MauroMecagni. 2015. “Pan-African Banking. Opportunities and Challenges for Cross-Border Banking.African Departmental Paper 15/3, International Monetary Fund, Washington.

      Feyen, Erik, KatieKibuuka, and DiegoSourrouille. 2016. “FinStats 2016: A Ready-to-Use Tool to Benchmark Financial Sectors across Countries and over Time—User Guide and Benchmarking Methodology.World Bank, Washington.

      Galor, Oded, and JosephZeira. 1993. “Income Distribution and Macroeconomics.Review of Economic Studies60 (1): 3552.

      Global Terrorism Database. 2014. 2015. University of Maryland. http://www.start.umd.edu/gtd/about/

      Gonzales, Christian, SonaliJain-Chandra, KalpanaKochhar, and MoniqueNewiak. 2015a. “Fair Play: More Equal Laws Boost Female Labor Force Participation.IMF Staff Discussion Note 15/02, International Monetary Fund, Washington.

      Gonzales, Christian, SonailJain-Chandra, KalpanaKochhar, MoniqueNewiak, and TilekZeinullayev. 2015b. “Catalyst for Change: Empowering Women and Tackling Income Inequality.IMF Staff Discussion Note 15/20, International Monetary Fund, Washington.

      Groupe Speciale Mobile Association (GSMA). 2014. “State of the Industry 2013: Mobile Financial Services for the Unbanked.London.

      Gruss, Bertrand. 2014. “After the Boom: Commodity Prices and Economic Growth in Latin America and the Caribbean.IMF Working Paper 14/154, International Monetary Fund, Washington.

      Gulde, Anne Marie, CathyPattillo, JakobChristensen, Kevin J.Carey, and SmitaWagh. 2006. “Sub-Saharan Africa: Financial Sector Challenges.International Monetary Fund, Washington.

      Harding, Don, and AdrianPagan. 2002. “Dissecting the Cycle: A Methodological Investigation.Journal of Monetary Economics49 (2): 36581.

      Ilzetzki, Ethan, Carmen M.Reinhart, and Kenneth S.Rogoff. 2010. “Exchange Rate Arrangements Entering the 21st Century: Which Anchor Will Hold?Unpublished. Database available at: http://personal.lse.ac.uk/ilzetzki/index.htm/Data.htm

      International Monetary Fund (IMF). 2007. “Namibia: Financial System Stability Assessment, including Report on the Observance of Standards and Codes on Banking Supervision.IMF Country Report 07/83, International Monetary Fund, Washington.

      International Monetary Fund (IMF). 2012a. “Enhancing Financial Sector Surveillance in Low-Income Countries: Financial Deepening and Macro-Stability.IMF Policy Paper, International Monetary Fund, Washington.

      International Monetary Fund (IMF). 2012b. “Enhancing Financial Sector Surveillance in Low-Income Countries (LICs) – Case Studies.IMF Policy Paper, International Monetary Fund, Washington.

      International Monetary Fund (IMF). 2012c. “Revisiting the Debt Sustainability Framework for Low-Income Countries,International Monetary Fund and World Bank, Washington

      International Monetary Fund (IMF). 2013. “Staff Guidance Note on the Application of the Joint Bank-Fund Debt Sustainability Framework for Low-Income Countries.Washington.

      International Monetary Fund (IMF). 2014. “Pan-African Banks: Opportunities and Challenges for Cross-Border Oversight.IMF Policy Paper, International Monetary Fund, Washington.

      International Monetary Fund (IMF). 2015a. “Advancing Financial Development in Latin America and the Caribbean.Chapter 5, Regional Economic Outlook: Western Hemisphere,International Monetary Fund, Washington.

      International Monetary Fund (IMF). 2015b. “Central African Economic and Monetary Community (CEMAC): Common Policies of Member Countries–Staff Report.IMF Country Report 15/222, Washington.

      International Monetary Fund (IMF). 2015c. “Malawi: Staff Report for the 2015 Article IV Consultation.IMF Country Report 15/345, International Monetary Fund, Washington.

      International Monetary Fund (IMF). 2015d. “Namibia: Staff Report for the 2015 Article IV Consultation.IMF Country Report 15/276, International Monetary Fund, Washington.

      International Monetary Fund (IMF). 2015e. “Uganda: Staff Report for the 2015 Article IV Consultation and Fourth Review under the Policy Support Instrument.IMF Country Report 15/175, International Monetary Fund, Washington.

      International Monetary Fund (IMF). 2015f. “West African Economic and Monetary Union (WAEMU): Common Policies of Member Countries–Staff Report.IMF Country Report 15/100, Washington.

      Jordà, Òscar. 2005. “Estimation and Inference of Impulse Responses by Local Projections.American Economic Review95 (1): 16182.

      Khiaonarong, Tanai. 2014. “Oversight Issues in Mobile Payments.IMF Working Paper 14/123, International Monetary Fund, Washington.

      Klein, Michael, and GiovanniOlivei. 2008. “Capital Account Liberalization, Financial Depth, and Economic Growth.Journal of International Money and Finance27 (6): 86175.

      Klein, Michael, and ColinMayer. 2011. “Mobile Banking and Financial Inclusion: The Regulatory Lessons.Policy Research Working Paper 5664, World Bank, Washington.

      Kose, M. Ayhan, Eswar S.Prasad, and Marco E.Terrones. 2006. “How Do Trade and Financial Integration Affect the Relationship between Growth and Volatility?Journal of International Economics69: 176202.

      Laeven, Luc, and FabiánValencia. 2012. “Systemic Banking Crises Database: An Update.IMF Working Paper 12/163, International Monetary Fund, Washington.

      Levine, Ross. 2005. “Finance and Growth.” In Handbook of Economic Growth, edited by P.Aghion and S.Durlaf (ed). Amsterdam: Elsevier.

      Marchettini, Daniela. 2015. “Namibia: Macro-Financial Risks Associated with Housing Boom—Selected Issues.IMF Country Report 15/277, International Monetary Fund, Washington.

      Marchettini, Daniela, and RodolfoMaino. 2015. “Systemic Risk Assessment in Low-Income Countries: Balancing Financial Stability and Development.IMF Working Paper 15/190, International Monetary Fund, Washington.

      Mbiti, Isaac, and David. N.Weil. 2011. “Mobile Banking: The Impact of M-Pesa in Kenya.Working Paper 17129, National Bureau of Economic Research, Cambridge, Massachussetts.

      Mecagni, Mauro, DanielaMarchettini, and RodolfoMaino. 2015. “Evolving Banking Trends in Sub-Saharan Africa: Key Features and Challenges.IMF African Departmental Paper 15/08, International Monetary Fund, Washington.

      Mishra, Vinod, and RussellSmyth. 2010. “Female Labor Force Participation and Total Fertility Rates in the OECD: New Evidence from Panel Cointegration and Granger Causality Testing.Journal of Economics and Business62 (1): 4864.

      Mlachila, Montfort, Seok GilPark, and MasafumiYabara. 2013. “Banking in Sub-Saharan Africa: The Macroeconomic Context.IMF African Departmental Paper 13/03, International Monetary Fund, Washington.

      Newiak, Monique, and RachidAwad. 2015. “West African Economic and Monetary Union, IMF Selected Issues Paper: Financial Inclusion in the WAEMU.IMF Country Report 15/101, International Monetary Fund, Washington.

      Pattillo, Catherine, HelenePoirson, and LucaRicci. 2002. “External Debt and Growth.IMF Working Paper 02/69, International Monetary Fund, Washington.

      Popov, A., and G.F.Udell. 2012. “Cross-Border Banking, Credit Access, and the Financial Crisis.Journal of International Economics87 (1): 14761.

      Rajan, Raghuram G., and LuigiZingales. 2003. “The Great Reversals: the Politics of Financial Development in the Twentieth Century.Journal of Financial Economics69 (1): 550.

      Roodman, David. 2012. “Due Diligence: An Impertinent Inquiry into Microfinance.Center for Global Development, Washington.

      Sahay, Ratna, MartinCihak, PapaN’Diaye, and AdolfoBarajas. 2015a. “Financial Inclusion: Can It Meet Multiple Macroeconomic Goals?IMF Staff Discussion Note 15/17, International Monetary Fund, Washington.

      Sahay, Ratna, MartinCihak, PapaN’Diaye, AdolfoBarajas, RanBi, DianaAyala, YuanGao, AnnetteKyobe, LamNguyen, ChristianSaborowski, KatsiarynaSvirydzenka, and SeyedReza Yousefi. 2015b. “Rethinking Financial Deepening: Stability and Growth in Emerging Markets.IMF Staff Discussion Note 15/08, International Monetary Fund, Washington.

      Solt, Frederick. 2014. “The Standardized World Income Inequality Database.Working Paper. SWIID 5.0, October.

      Spatafora, Nikola, and IrinaTytell,2009. “Commodity Terms of Trade: The History of Booms and Busts.IMF Working Paper 09/205, International Monetary Fund, Washington.

      Steinberg, Chad, and MasatoNakane. 2012. “Can Women Save Japan?IMF Working Paper 12/248, International Monetary Fund, Washington.

      Stijns, Jean-Philippe.2015. “Pan-African Banks: Stylized Facts and Result of a Pilot Survey.In Recent Trends in Banking in Sub-Saharan Africa: From Financing to Investment.Luxembourg: European Investment Bank.

      Svaleryd, Helena, and JonasVlachos. 2002. “Markets for Risk and Openness to Trade: How Are They Related?Journal of International Economics57 (2), 36995.

      Svirydzenka, Katsiaryna. 2016. “Introducing a New Broad-Based Indicator of Financial Development.IMF Working Paper 16/05, International Monetary Fund, Washington.

      Takebe, Misa. 2015. “Angola: Selected Issues Paper. Bank Benchmarking.IMF Country Report 15/302, International Monetary Fund, Washington.

      Teulings, Coen N., and NikolayZubanov. 2014. “Is Economic Recovery a Myth? Robust Estimation of Impulse Responses.Journal of Applied Econometrics29 (3): 497514.

      Tsani, Stella, LeonidasParoussos, CostasFragiadakis, IoannisCharalambidis, and PantelisCapros. 2012. “Female Labour Force Participation and Economic Development in Southern Mediterranean Countries: What Scenarios for 2030?Mediterranean Prospects (MEDPRO) Technical Report No. 19, December. European Commission, Luxembourg.

      VanRooyen, C., Ruth Stewart, and Thea DeWet,2012. “The Impact of Microfinance in Sub-Saharan Africa: A Systematic Review of the Evidence.World Development40 (11): 224962.

      White, Halbert. 1982. “Maximum Likelihood Estimation of Misspecified Models.Econometrica50: 125.

      World Bank. 2012. Global Financial Development Report 2013: Rethinking the Role of Government in Finance.Washington: World Bank.

      World Bank. 2014. “Global Financial Inclusion Index (Findex).World Bank, Washington.

      World Bank. 2016. Global Economic Prospects: Spillovers amid Weak Growth.Washington: World Bank.

      World Bank, and IMF. 2008. “Botswana: Financial Sector Assessment.World Bank and International Monetary Fund, Washington.

    Publications of the IMF African Department, 2009–16

    Books and Monographs

    2016

    • Africa on the Move: Unlocking the Potential of Small Middle-Income States

    • Lamin Leigh, Ali M Mansoor

    2015

    • The Quest for Regional Integration in the East African Community:

    • Drummond, Paulo, S.K. Wajid, Oral Williams

    2014

    • The Mystery of Missing Real Spillovers in Southern Africa: Some Facts and Possible Explanations

    • Basdevant, Olivier, Andrew W. Jonelis, Borislava Mircheva, Slavi T. Slavov

    2013

    • Building a Common Future in Southern Africa

    • Mongardini, Joannes, Tamon Asonuma, Olivier Basdevant, Alfredo Cuevas, Xavier Debrun, Lars Holger Engstrom, Imelda M. Flores Vazquez, Vitaliy Kramarenko, Lamin Leigh, Paul R. Masson, Geneviève Verdier

    2012

    • Oil Wealth in Central Africa: Policies for Inclusive Growth

    • Coorey, Sharmini, and Bernardin Akitoby

    2009

    • The Impact of the Global Financial Crisis on Sub-Saharan Africa

    • African Department

    2009

    • Tanzania: The Story of an African Transition

    • Nord, Roger, Yuri Sobolev, David Dunn, Alejandro Hajdenberg, Niko Hobdari, Samar Maziad, Stéphane Roudet

    Departmental Papers

    16/2

    • Trade Integration and Global Value Chains in Sub-Saharan Africa: In Pursuit of the Missing Link

    • Céline Allard, Jorge Iván Canales Kriljenko, Jesus Gonzalez-Garcia, Emmanouil Kitsios, Juan P. Trevino, Wenjie Chen

    16/1

    • Make Investment Scaling-up Work in Benin: A Macro-Fiscal Analysis

    • Barhoumi, Karim, Larry Cui, Christine Dieterich, Nicolas End, Matteo Ghilardi, Alexander Raabe, Sergio Sola

    15/10

    • Strengthening the West African Economic and Monetary Union: The Role of Fiscal and Market Institutions in Economic Stabilization

    • Basdevant, Olivier, Patrick A. Imam, Tidiane Kinda, Aleksandra Zdzienicka

    15/8

    • Evolving Banking Trends in Sub-Saharan Africa: Key Features and Challenges

    • Mecagni, Mauro, Daniela Marchettini, Rodolfo Maino

    15/7

    • Monitoring and Managing Fiscal Risks in the East African Community

    • Mauro, Paolo, Herve Joly, Ari Aisen, Emre Alper, François Boutin-Dufresne, Jemma Dridi, Nikoloz Gigineishvili, Tom Josephs, Clara Mira, Vimal V Thakoor, Alun H. Thomas, Fan Yang

    15/6

    • Toward a Monetary Union in the East African Community: Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms

    • Drummond, Paulo, Ari Aisen, C. Emre Alper, Ejona Fuli, and Sebastien Walker

    15/5

    • Building Resilience in Sub-Saharan Africa’s Fragile States

    • Gelbard, Enrique, Corinne Délechat, Ejona Fuly, Mumtaz Hussain, Ulrich Jacoby, Dafina Mulaj, Marco Pani, Gustavo Ramirez, Rui Xu

    15/4

    • Dollarization in Sub-Saharan Africa: Experiences and Lessons

    • Mecagni, Mauro, Juan S Corrales, Jemma Dridi, Rodrigo Garcia-Verdu, Patrick A. Imam, Justin Matz, Carla Macario, Rodolfo Maino, Yibin Mu, Ashwin Moheeput, Futoshi Narita, Marco Pani, Manuel Rosales, Sebastian Weber, Etienne B. Yehoue

    15/3

    • Pan-African Banking: Opportunities and Challenges for Cross-Border Oversight

    • Enoch, Charles, Paul Henri Mathieu, Mauro Mecagni, Jorge Iván Canales Kriljenko

    15/2

    • Sustaining More Inclusive Growth in the Republic of Congo

    • Hakura, Dalia, Adrian Alter, Matteo Ghilardi, Rodolfo Maino, Cameron McLoughlin, Maximilien Queyranne

    15/1

    • Making Senegal a Hub for West Africa: Reforming the State, Building to the Future

    • Kireyev, Alexei, Ali M. Mansoor

    14/4

    • Mozambique Rising: Building a New Tomorrow

    • Ross, Doris C., Victor Duarte Lledo, Alex Segura-Ubiergo, Yuan Xiao, Iyabo Masha, Alun H. Thomas, Keiichiro Inui

    14/3

    • The Mystery of Missing Real Spillovers in Southern Africa: Some Facts and Possible Explanations

    • Basdevant, Olivier, Andrew W Jonelis, Borislava Mircheva, Slavi T. Slavov

    14/2

    • Issuing International Sovereign Bonds: Opportunities and Challenges for Sub-Saharan Africa

    • Mecagni, Mauro, Jorge Iván Canales Kriljenko, Cheikh A. Gueye, Yibin Mu, Masafumi Yabara, Sebastian Weber

    14/1

    • Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets

    • Gueye, Cheikh A., Javier Arze del Granado, Rodrigo Garcia-Verdu, Mumtaz Hussain, B. Jang, Sebastian Weber, Juan S Corrales

    13/8

    • Mali: Achieving Strong and Inclusive Growth with Macroeconomic Stability

    • Josz, Christian

    13/7

    • Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union

    • Kolerus, Christina, Aleksandra Zdzienicka, Ermal Hitaj, Douglas J. Shapiro

    13/6

    • West African Economic and Monetary Union: Financial Depth and Macrostability

    • Imam, Patrick A., and Christina Kolerus

    13/5

    • Senegal: Financial Depth and Macrostability

    • Imam, Patrick A., and Christina Kolerus

    13/4

    • Senegal: Achieving High and Inclusive Growth While Preserving Fiscal Sustainability

    • Kireyev, Alexei, and Gaston K. Mpatswe

    13/3

    • Banking in Sub-Saharan Africa: The Macroeconomic Context

    • Mlachila, Montfort, Seok Gil Park, Masafumi Yabara

    13/2

    • Energy Subsidy Reform in Sub-Saharan Africa: Experiences and Lessons

    • Alleyne, Trevor, and Mumtaz Hussain

    13/2

    • Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth

    • Lundgren, Charlotte J., Alun H. Thomas, Robert C. York

    13/1

    • Restoring Sustainability in a Changing Global Environment: Options for Swaziland

    • Basdevant, Olivier, Emily Forrest, and Borislava Mircheva

    11/07

    • Macroeconomic Vulnerabilities Stemming from the Global Economic Crisis: The Case of Swaziland

    • Basdevant, Olivier, Chikako Baba, Borislava Mircheva

    11/06

    • What Do Fast Job Creators Look Like? Some Stylized Facts and Perspectives on South Africa

    • Zhan, Zaijin

    11/04

    • South Africa: Macro Policy Mix and Its Effects on Growth and the Real Exchange Rate—Empirical Evidence and GIMF Simulations

    • Canales-Kriljenko, Jorge Iván

    11/02

    • Measuring the Potential Output of South Africa

    • Klein, Nir

    11/01

    • 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, Geneviève Verdier

    10/03

    • Zimbabwe: Challenges and Policy Options after Hyperinflation

    • Kramarenko, Vitaliy, Lars H. Engstrom, Geneviève Verdier, Gilda Fernandez, Stefan E. Oppers, Richard Hughes, James McHugh, Warren L. Coats

    10/02

    • Expenditure Composition and Economic Developments in Benin

    • Pani, Marco, and Mohamed El Harrak

    10/01

    • Wage Policy and Fiscal Sustainability in Benin

    • Lundgren, Charlotte J.

    09/04

    • The Global Financial Crisis and Adjustments to Shocks in Kenya, Tanzania, and Uganda: A Balance Sheet Analysis Perspective

    • Masha, Iyabo

    09/03

    • Impact of the Global Financial Crisis on Exchange Rates and Policies in Sub-Saharan Africa

    • Ben Ltaifa, Nabil, Stella Kaendera, and Shiv Dixit

    09/02

    • Spillover Effects and the East African Community: Explaining the Slowdown and the Recovery

    • Drummond, Paulo, and Gustavo Ramirez

    09/01

    • Foreign Exchange Reserve Adequacy in East African Community Countries

    • Drummond, Paulo, Aristide Mrema, Stéphane Roudet, Mika Saito

    Policy Papers

    12/14

    • Pan-African Banks - Opportunities and Challenges for Cross-Border Oversight

    • Prepared by a staff team led by Charles Enoch, Paul Mathieu, Mauro Mecagni.

    Staff Discussion Notes

    15/11

    • Is the Glass Half Empty or Half Full? Issues in Managing Water Challenges and Policy Instruments

    • Kalpana Kochhar, Catherine Pattillo, Yan Sun, Nujin Suphaphiphat, Andrew Swiston, Robert Tchaidze, Benedict Clements, Stefania Fabrizio, Valentina Flamini, Laure Redifer, Harald Finger, and an IMF Staff Team

    12/13

    • Economic Diversification in LICs: Stylized Facts and Macroeconomic Implications

    • Papageorgiou, Chris, and Nicola Spatafora

    09/20

    • The International Financial Crisis and Global Recession: Impact on the CEMAC Region and Policy Considerations

    • Wakeman-Linn, John, Rafael A. Portillo, Plamen Iossifov, Dimitre Milkov

    09/16

    • The Global Financial Crisis: Impact on WAEMU Member Countries and Policy Options

    • Mueller, Johannes, Irene Yackovlev, Hans Weisfeld

    09/14

    • The Southern African Development Community’s Macroeconomic Convergence Program: Initial Performance

    • Burgess, Robert

    09/10

    • 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, Irene Yackovlev

    Working Papers

    16/17

    • Unintended Consequences: Spillovers from Nigeria’s Fuel Pricing Policies to Its Neighbor

    • Mlachila, Montfort, Edgardo Ruggiero, David Corvino

    16/12

    • Commodity Price Shocks and Financial Sector Fragility

    • Kinda, Tidiane, Montfort Mlachila, Rasmané Ouedraogo

    15/268

    • Exiting From Fragility in sub-Saharan Africa: The Role of Fiscal Policies and Fiscal Institutions

    • Deléchat, Corinne, Ejona Fuli, Dafina Mulaj, Gustavo Ramirez, Rui Xu

    15/236

    • Public Investment in a Developing Country Facing Resource Depletion

    • Alter, Adrian, Matteo Ghilardi, Dalia Hakura

    15/235

    • Financial Inclusion and Development in the CEMAC

    • Alter, Adrian, Boriana Yontcheva

    15/221

    • Spillovers from China onto Sub-Saharan Africa: Insights from the Flexible System of Global Models (FSGM)

    • Anderson, Derek, Jorge Iván Canales Kriljenko, Paulo Drummond, Pedro Espaillat, Dirk Muir

    15/190

    • Systemic Risk Assessment in Lo Income Countries: Balancing Financial Stability and Development

    • Marchettini, Daniela, Rodolfo Maino

    15/189

    • On the Drivers of Inflation in Sub-Saharan Africa

    • Nguyen, Anh D. M., Jemma Dridi, D. Filiz Unsal, Oral Williams

    15/185

    • Sub-Saharan Employment Developments: The Important Role of Household Enterprises with an Application to Rwanda

    • Alun H. Thomas

    15/169

    • Household Financial Acces and Risk Sharing in Nigeria

    • Carlson, Stacey, Era Dabla-Norris, Mika Saito, Yu Shi

    15/149

    • Network Effects of International Shocks and Spillovers

    • Kireyev, Alexei and Andrei Leonidov

    15/126

    • Pension Reforms in Mauritius: Fair and Fast—Balancing Social Protection and Fiscal Sustainability

    • Soto, Mauricio, Vimal Thakoor, Martin Petri

    15/99

    • How to Improve the Effectiveness of Monetary Policy int he West African Economic and Monetary Union

    • Kireyev, Alexei

    15/83

    • Do Resource Windfalls Improve the Standard of Living in Sub-Saharan African Countries?: Evidence from a Panel of Countries

    • Munseob Lee, and Cheikh A. Gueye

    15/49

    • Remittances and Macroeconomic Volatility in African Countries

    • Ahmat Jidoud

    15/25

    • Harnessing Resource Wealth for Inclusive Growth in Fragile States

    • Delechat, Corinne, Will Clark, Pranav Gupta, Malangu Kabedi-Mbuyi, Mesmin Koulet-Vickot, Carla Macario, Toomas Orav, Manuel Rosales, Renee Tapsoba, Dmitry Zhdankin, Susan Yang

    15/17

    • Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries

    • Stepanyan, Ara, and Lamin Leigh

    15/12

    • Revisiting teh Concept of Dollarization: The Global Financial Crisis and Dollarization in Low-Income Countries

    • Mwase, Nkunde, and Francis Y. Kumah

    14/241

    • Global Financial Transmission into Sub-Saharan Africa– A Global Vector Autoregression Analysis

    • Canales Kriljenko, Jorge Iván, Mehdi Hosseinkouchack, Alexis Meyer-Cirkel

    14/231

    • Safe Debt and Uncertainty in Emerging Markets: An Application to South Africa

    • Saxegaard, Magnus

    14/172

    • A Quality of Growth Index for Developing Countries: A Proposal

    • Mlachila, Montfort, Rene Tapsoba, Sampawende J.-A. Tapsoba

    14/159

    • Introducing a Semi-Structural Macroeconomic Model for Rwanda

    • Charry, Luisa, Pranav Gupta, and Vimal Thakoor

    14/150

    • How Solid is Economic Growth in the East African Community?

    • Gigineishvili, Nikoloz, Paolo Mauro, Ke Wang

    14/149

    • Islamic Finance in Sub-Saharan Africa: Status and Prospects

    • Gelbard, Enrique, Mumtaz Hussain, Rodolfo Maino, Yibin Mu, Etienne B. Yehoue

    14/143

    • Africa Rising: Harnessing the Demographic Dividend

    • Drummond, Paulo, Vimal Thakoor, and Shu Yu

    14/94

    • Does Openness Matter for Financial Development in Africa?

    • David, Antonio, Montfort Mlachila, and Ashwin Moheeput

    14/51

    • Surging Investment and Declining Aid: Evaluating Debt Sustainability in Rwanda

    • Clark, Will, and Birgir Arnason

    13/261

    • Natural Gas, Public Investment and Debt Sustainability in Mozambique

    • Melina, Giovanni, and Yi Xiong

    13/250

    • Africa’s Rising Exposure to China: How Large Are Spillovers Through Trade?

    • Drummond, Paulo, and Estelle X. Liu

    13/239

    • Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya

    • Andrle, Michal, Andrew Berg, Enrico Berkes, Rafael A Portillo, Jan Vlcek, R. Armando Morales

    13/237

    • The Investment-Financing-Growth Nexus: The Case of Liberia

    • Clark, Will, and Manuel Rosales

    13/226

    • Making Monetary Policy More Effective: The Case of the Democratic Republic of the Congo

    • Fischer, Felix, Charlotte J. Lundgren, Samir Jahjah

    13/216

    • Fiscal Discipline in WAEMU: Rules, Institutions, and Markets

    • Hitaj, Ermal, and Yasin Kursat Onder

    13/215

    • Inclusive Growth and Inequality in Senegal

    • Kireyev, Alexei

    13/201

    • Africa’s Got Work to Do: Employment Prospects in the New Century

    • Fox, Louise, Cleary Haines, Jorge Huerta Muñoz, Alun Thomas

    13/188

    • Resource Dependence and Fiscal Effort in Sub-Saharan Africa

    • Thomas, Alun, and Juan P. Treviño

    13/176

    • Benchmarking Structural Transformation Across the World

    • Dabla-Norris, Era, Alun H. Thomas, Rodrigo Garcia-Verdu, Yingyuan Chen

    13/173

    • Tax Administration Reform in the Francophone Countries of Sub-Saharan Africa

    • Fossat, Patrick, and Michel Bua

    13/161

    • Financial Depth in the WAEMU: Benchmarking Against Frontier SSA Countries

    • Ahokpossi, Calixte, Kareem Ismail, Sudipto Karmakar, Mesmin Koulet-Vickot

    13/147

    • Investing Volatile Oil Revenues in Capital-Scarce Economies: An Application to Angola

    • Richmond, Christine, Irene Yackovlev, Shu-Chun Yang

    13/144

    • Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries: The Case of Cameroon

    • Samaké, Issouf, Priscilla Muthoora, Bruno Versailles

    13/139

    • Inclusive Growth: An Application of the Social Opportunity Function to Selected African Countries

    • Adedeji, Olumuyiwa, Huancheng Du, Maxwell Opoku-Afari

    13/116

    • Inclusive Growth and the Incidence of Fiscal Policy in Mauritius—Much Progress, But More Could be Done

    • David, Antonio, and Martin Petri

    13/53

    • The Quality of the Recent High-Growth Episode in Sub-Saharan Africa

    • Mlachila, Montfort, and Marcelo Martinez

    13/51

    • Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa: What Room for Policy?

    • Boutin-Dufresne, Francois, Santiago Peña, Oral Williams, Tomasz A. Zawisza

    13/39

    • Monetary Transmission Mechanism in the East African Community: An Empirical Investigation

    • Davoodi, Hamid, Shiv Dixit, and Gabor Pinter

    13/34

    • Determinants of Bank Interest Margins in Sub-Saharan Africa

    • Ahokpossi, Calixte

    13/32

    • Exchange Rate Liberalization in Selected Sub-Saharan African Countries: Successes, Failures, and Lessons

    • Mæhle, Nils, Haimanot Teferra, Armine Khachatryan

    13/31

    • Inward and Outward Spillovers in the SACU Area

    • Canales-Kriljenko, Jorge Iván, Farayi Gwenhamo, Saji Thomas

    13/12

    • Bond Markets in Africa

    • Mu, Yibin, Peter Phelps, and Janet Stotsky

    12/290

    • Inequalities and Growth in the Southern African Customs Union (SACU) Region

    • Basdevant, Olivier, Dalmacio Benicio, Yorbol Yakhshilikov

    12/280

    • Striking an Appropriate Balance Among Public Investment, Growth, and Debt Sustainability in Cape Verde

    • Mu, Yibin

    12/272

    • The East African Community: Prospects for Sustained Growth

    • McAuliffe, Catherine, Sweta Saxena, Masafumi Yabara

    12/249

    • Financing Growth in the WAEMU through the Regional Securities Market: Past Successes and Current Challenges

    • Diouf, Mame Astou, and Francois Boutin-Dufresne

    12/208

    • Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters

    • Thomas, Alun

    12/196

    • A Financial Conditions Index for South Africa

    • Gumata, Nombulelo, Nir Klein, Eliphas Ndou

    12/177

    • Estimating the Implicit Inflation Target of the South African Reserve Bank

    • Klein, Nir

    12/160

    • Monetization in Low- and Middle-Income Countries

    • McLoughlin, Cameron, and Noriaki Kinoshita

    12/148

    • The Relationship between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa

    • Stotsky, Janet Gale, Olumuyiwa Adedeji, Manuk Ghazanchyan, Nils O. Maehle

    12/141

    • Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants

    • Razafimahefa, Ivohasina Fizara

    12/136

    • Welfare Effects of Monetary Integration: The Common Monetary Area and Beyond

    • Asonuma, Tamon, Xavier Debrun, and Paul R. Masson

    12/127

    • 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

    12/119

    • 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

    12/108

    • Mobilizing Revenue in Sub-Saharan Africa: Empirical Norms and Key Determinants

    • Drummond, Paulo, Wendell Daal, Nandini Srivastava, and Luiz E. Oliveira

    12/94

    • 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

    12/93

    • Fiscal Policies and Rules in the Face of Revenue Volatility Within Southern Africa Customs Union Countries (SACU)

    • Basdevant, Olivier

    12/92

    • Real Wage, Labor Productivity, and Employment Trends in South Africa: A Closer Look

    • Klein, Nir

    12/73

    • Exchange Rate Volatility Under Peg: Do Trade Patterns Matter?

    • Lonkeng Ngouana, Constant

    12/32

    • Assessing Bank Competition within the East African Community

    • Sanya, Sarah, and Matthew Gaertner

    12/20

    • Prudential Liquidity Regulation in Developing Countries: A Case Study of Rwanda

    • Sanya, Sarah, Wayne Mitchell, and Angelique Kantengwa

    12/18

    • Capital Market Integration: Progress Ahead of the East African Community Monetary Union

    • Yabara, Masafumi

    12/7

    • International Reserves in Low-Income Countries: Have They Served as Buffers?

    • Cripolti, Valerio, and George Tsibouris

    11/294

    • Inflation Differentials in the GCC: Does the Oil Cycle Matter?

    • Mohaddes, Kamiar, and Oral Williams

    11/281

    • Effectiveness of Capital Controls in Selected Emerging Markets in the 2000s

    • Baba, Chikako, and Annamaria Kokenyne

    11/280

    • How Costly Are Debt Crises?

    • Furceri, Davide, and Aleksandra Zdzienicka

    11/275

    • Monetary Policy Transmission in Ghana: Does the Interest Rate Channel Work?

    • Kovanen, Arto

    11/274

    • Does Money Matter for Inflation in Ghana?

    • Kovanen, Arto

    11/273

    • On the Stability of Monetary Demand in Ghana: A Bounds Testing Approach

    • Dagher, Jihad, and Arto Kovanen

    11/268

    • Oil-Price Boom and Real Exchange Rate Appreciation: Is There Dutch Disease in the CEMAC?

    • Treviño, Juan Pedro

    11/266

    • 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

    11/246

    • Do Remittances Reduce Aid Dependency?

    • Kpodar, Kangni, and Maelan Le Goff

    11/233

    • Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries: How Do They Differ?

    • Tabova, Alexandra, and Carol L. Baker

    11/232

    • Inflation Dynamics in the CEMAC Region

    • Caceres, Carlos, Marcos Poplawski-Ribeiro, and Darlena Tartari

    11/207

    • External Sustainability of Oil-Producing Sub-Saharan African Countries

    • Takebe, Misa, and Robert C. York

    11/205

    • The Cyclicality of Fiscal Policies in the CEMAC Region

    • Mpatswe, Gaston K., Sampawende J. Tapsoba, and Robert C. York

    11/204

    • South Africa: The Cyclical Behavior of the Markups and Its Implications for Monetary Policy

    • Klein, Nir

    11/202

    • Burkina Faso—Policies to Protect the Poor from the Impact of Food and Energy Price Increases

    • Arze del Granado, Javier, and Isabell Adenauer

    11/198

    • De Jure versus De Facto Exchange Rate Regimes in Sub-Saharan Africa

    • Slavov, Slavi T.

    11/196

    • Financial Deepening, Property Rights and Poverty: Evidence from Sub-Saharan Africa

    • Singh, Raju Jan, and Yifei Huang

    11/178

    • FDI from BRICs to LICs: Emerging Growth Driver?

    • Mlachila, Montfort, and Misa Takebe

    11/176

    • Determinants of Interest Rate Pass-Through: Do Macroeconomic Conditions and Financial Market Structure Matter?

    • Gigineishvili, Nikoloz

    11/174

    • The Quest for Higher Growth in the WAEMU Region: The Role of Accelerations and Decelerations

    • Kinda, Tidiane, and Montfort Mlachila

    11/172

    • Fiscal Policy Implementation in Sub-Saharan Africa

    • Lledo, Victor Duarte, and Marcos Poplawski Ribeiro

    11/149

    • Post-Conflict Recovery: Institutions, Aid, or Luck?

    • David, Antonio, Fabiano Rodrigues Bastos, and Marshall Mills

    11/104

    • Ghana: Will It Be Gifted, or Will It Be Cursed?

    • Aydin, Burcu

    11/102

    • Oil Spill(over)s: Linkages in Petroleum Product Pricing Policies in West African Countries

    • David, Antonio, Mohamed El Harrak, Marshall Mills, and Lorraine Ocampos

    11/80

    • Feeling the Elephant’s Weight: The Impact of Côte d’Ivoire’s Crisis on WAEMU Trade

    • Egoumé-Bossogo, Philippe, and Ankouvi Nayo

    11/73

    • ICT, Financial Inclusion, and Growth Evidence from African Countries

    • Andrianaivo, Mihasonirina, and Kangni Kpodar

    11/69

    • Fiscal Sustainability and the Fiscal Reaction Function for South Africa

    • Burger, Philippe, Alfredo Cuevas, Ian Stuart, and Charl Jooste

    11/64

    • Reviving the Competitive Storage Model: A Holistic Approach to Food Commodity Prices

    • Miao, Yanliang, Weifeng Wu, and Norbert Funke

    11/59

    • Inflation Uncertainty and Relative Price Variability in WAEMU

    • Fernandez Valdovinos, Carlos, and Kerstin Gerling

    11/57

    • Modeling Inflation in Chad

    • Kinda, Tidiane

    11/48

    • Fiscal Expectations under the Stability and Growth Pact: Evidence from Survey Data

    • Poplawski-Ribeiro, Marcos, and Jan-Christoph Rulke

    11/40

    • Growth in Africa under Peace and Market Reforms

    • Korbut, Olessia, Gonzalo Salinas, and Cheikh A. Gueye

    11/20

    • Feeling the Elephant’s Weight: The Impact of Côte d’Ivoire’s Crisis on WAEMU Trade

    • Egoumé-Bossogo, Philippe, and Nayo Ankouvi

    11/9

    • Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate

    • Kinda, Tidiane, Jean-Louis Combes, and Patrick Plane

    10/292

    • 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

    10/269

    • Export Tax and Pricing Power: Two Hypotheses on the Cocoa Market in Côte d’Ivoire

    • Kireyev, Alexei

    10/225

    • What Can International Cricket Teach Us About the Role of Luck in Labor Markets?

    • Aiyar, Shekhar, and Rodney Ramcharan

    10/217

    • Performance of Fiscal Accounts in South Africa in a Cross-Country Setting

    • Aydin, Burcu

    10/216

    • Cyclicality of Revenue and Structural Balances in South Africa

    • Aydin, Burcu

    10/210

    • Mother, Can I Trust the Government? Sustained Financial Deepening—A Political Institutions View

    • Quintyn, Marc, and Geneviève Verdier

    10/195

    • Islamic Banking: How Has It Diffused?

    • Imam, Patrick A., and Kangni Kpodar

    10/191

    • A Macro Model of the Credit Channel in a Currency Union Member: The Case of Benin

    • Samaké, Issouf

    10/166

    • How Do International Financial Flows to Developing Countries Respond to Natural Disasters?

    • David, Antonio

    10/162

    • Exchange Rate Assessment for Sub-Saharan Economies

    • Aydin, Burcu

    10/148

    • Balance Sheet Vulnerabilities of Mauritius during a Decade of Shocks

    • Imam, Patrick A., and Rainer Koehler

    10/140

    • Beyond Aid: How Much Should African Countries Pay to Borrow?

    • Gueye, Cheikh A., and Amadou N.R. Sy

    10/136

    • Banking Efficiency and Financial Development in Sub-Saharan Africa

    • Kablan, Sandrine

    10/132

    • FDI Flows to Low-Income Countries: Global Drivers and Growth Implications

    • Dabla-Norris, Era, Jiro Honda, Amina Lahrèche-Révil, and Geneviève Verdier

    10/118

    • The Linkage between the Oil and Nonoil Sectors—A Panel VAR Approach

    • Klein, Nir

    10/115

    • Short- versus Long-Term Credit and Economic Performance: Evidence from the WAEMU

    • Kpodar, Kangni, and Kodzo Gbenyo

    10/80

    • 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

    10/66

    • ICT Equipment Investment and Growth in Low- and Lower-Middle-Income Countries

    • Haacker, Markus

    10/58

    • The Real Exchange Rate and Growth Revisited: The Washington Consensus Strikes Back?

    • Berg, Andrew, and Yanliang Miao

    10/49

    • Firm Productivity, Innovation, and Financial Development

    • Dabla-Norris, Era, Eramus Kersting, and Geneviève Verdier

    09/274

    • Cyclical Patterns of Government Expenditures in Sub-Saharan Africa: Facts and Factors

    • Lledo, Victor, Irene Yackovlev, and Lucie Gadenne

    09/269

    • A Framework to Assess the Effectiveness of IMF Technical Assistance in National Accounts

    • Pastor, Gonzalo C.

    09/260

    • Improving Surveillance Across the CEMAC Region

    • Iossifov, Plamen, Noriaki Kinoshita, Misa Takebe, Robert C. York, and Zaijin Zhan

    09/244

    • A Rule Based Medium-Term Fiscal Policy Framework for Tanzania

    • Kim, Daehaeng, and Mika Saito

    09/227

    • Analyzing Fiscal Space Using the MAMS Model: An Application to Burkina Faso

    • Gottschalk, Jan, Vu Manh Le, Hans Lofgren, and Kofi Nouve

    09/216

    • Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa

    • Singh, Raju Jan, Markus Haacker, and Kyung-woo Lee

    09/215

    • São Tomé and Príncipe: Domestic Tax System and Tax Revenue Potential

    • Farhan, Nisreen

    09/192

    • The Gambia: Demand for Broad Money and Implications for Monetary Policy Conduct

    • Sriram, Subramanian S.

    09/182

    • Understanding the Growth of African Markets

    • Yartey, Charles Amo, and Mihasonirina Andrianaivo

    09/180

    • Credit Growth in Sub-Saharan Africa—Sources, Risks, and Policy Responses

    • Iossifov, Plamen, and May Y. Khamis

    09/155

    • Spillovers from the Rest of the World into Sub-Saharan African Countries

    • Drummond, Paulo, Flavio Nacif, and Gustavo Ramirez

    09/148

    • In Search of Successful Inflation Targeting: Evidence from an Inflation Targeting Index

    • Miao, Yanliang

    09/146

    • Introducing the Euro as Legal Tender—Benefits and Costs of Eurorization for Cape Verde

    • Imam, Patrick A.

    09/115

    • The Macroeconomics of Scaling Up Aid: The Gleneagles Initiative for Benin

    • Mongardini, Joannes, and Issouf Samaké

    09/114

    • Sub-Saharan Africa’s Integration in the Global Financial Markets

    • Deléchat, Corinne, Gustavo Ramirez, Smita Wagh, and John Wakeman-Linn

    09/113

    • Financial Deepening in the CFA Franc Zone: The Role of Institutions

    • Singh, Raju, Kangni Kpodar, and Dhaneshwar Ghura

    09/107

    • Madagascar: A Competitiveness and Exchange Rate Assessment

    • Eyraud, Luc

    09/98

    • Understanding Inflation Inertia in Angola

    • Klein, Nir, and Alexander Kyei

    09/75

    • Grants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries

    • Mongardini, Joannes, and Brett Rayner

    09/37

    • Dedollarization in Liberia—Lessons from Cross-Country Experience

    • Erasmus, Lodewyk, Jules Leichter, and Jeta Menkulasi

    09/36

    • The Macroeconomic Impact of Scaled-Up Aid: The Case of Niger

    • Farah, Abdikarim, Emilio Sacerdoti, and Gonzalo Salinas

    09/27

    • The Value of Institutions for Financial Markets: Evidence from Emerging Markets

    • Akitoby, Bernardin, and Thomas Stratmann

    09/25

    • Why Isn’t South Africa Growing Faster? A Comparative Approach

    • Eyraud, Luc

    09/15

    • The Determinants of Commercial Bank Profitability in Sub-Saharan Africa

    • Flamini, Valentina, Calvin A. McDonald, and Liliane Schumacher

    09/14

    • Bank Efficiency in Sub-Saharan African Middle-Income Countries

    • Chen, Chuling

    09/11

    • How Can Burundi Raise its Growth Rate? The Impact of Civil Conflicts and State Intervention on Burundi’s Growth Performance

    • Basdevant, Olivier

      You are not logged in and do not have access to this content. Please login or, to subscribe to IMF eLibrary, please click here

      Other Resources Citing This Publication