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Stylized Facts on Bilateral Trade and Currency Unions

Stylized Facts on Bilateral Trade and Currency Unions »

Source: Stylized Facts on Bilateral Trade and Currency Unions : Implications for Africa

Volume/Issue: 2006/31

Series: IMF Working Papers

Author(s): Michal Hulej , Charalambos Tsangarides , and Pierre Ewenczyk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862911

Keywords: Gravity model, Currency Union, samples, equation, free trade, statistics, Country and Industry Studies of Trade, International Monetary Arrangements and Institutions,

This paper explores and quantifies several aspects of the performance of currency unions using an augmented version of the gravity model and focusing on two samples, the world and Africa. Our empirical findings sug...

Economic Trends in Africa

Economic Trends in Africa »

Source: Economic Trends in Africa : The Economic Performance of Sub-Saharan African Countries

Volume/Issue: 1993/71

Series: IMF Working Papers

Author(s): Pierre Dhonte , Jean Clément , Mbuyamu Matungulu , and Dawn Rehm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1993

ISBN: 9781451849196

Keywords: exchange systems, exchange rate, terms of trade, exchange rate regimes, exchange rates

This paper surveys recent economic developments in countries in the African Department. In the aggregate, output growth continues to be sluggish, and it is expected that half of the countries will experience a decl...

Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone

Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone »

Source: Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone : A Comparative Analysis

Volume/Issue: 2001/104

Series: IMF Working Papers

Author(s): Hazel Selvon , Tracy Polius , and Oral Williams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

ISBN: 9781451852769

Keywords: ECCU, CFA franc zone, reserve pooling, monetary authority, terms of trade, monetary union, monetary unions, central bank, Econometric and Statistical Methods: General, Financial Aspects of Economic Integration,

The paper presents a comparison of the gains from the pooling of reserves, and hence reserve variability, in the Eastern Caribbean Currency Union (ECCU) and the CFA franc zone. The results indicate that countries w...

West African Economic and Monetary Union: Selected Issues

West African Economic and Monetary Union: Selected Issues »

Source: West African Economic and Monetary Union (WAEMU) : Selected Issues

Volume/Issue: 2016/98

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 2016

ISBN: 9781475550009

Keywords: investment, public investment, public, infrastructure, per

This paper presents stylized facts on the quantitative and qualitative infrastructure gap in the West African Economic and Monetary Union (WAEMU), estimates the efficiency of public investment, and recommends how t...

Tax Revenue in Sub-Saharan Africa

Tax Revenue in Sub-Saharan Africa »

Source: Tax Revenue in Sub-Saharan Africa : Effects of Economic Policies and Corruption

Volume/Issue: 1998/135

Series: IMF Working Papers

Author(s): Dhaneshwar Ghura

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1998

ISBN: 9781451855685

Keywords: tax revenue, tax base, taxation, tax ratio, government expenditure

An analysis of data for 39 sub-Saharan African countries during 1985–96 indicates that the variations in tax revenue-GDP ratios within this group are influenced by economic policies and the level of corrupti...

Financial Deepening in Sub-Saharan Africa

Financial Deepening in Sub-Saharan Africa »

Source: Financial Deepening in Sub-Saharan Africa : Empirical Evidence on the Role of Creditor Rights Protection and Information Sharing

Volume/Issue: 2007/203

Series: IMF Working Papers

Author(s): Calvin McDonald , and Liliana Schumacher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867671

Keywords: Financial deepening, creditor rights, information sharing, financial liberalization, financial sector, financial markets, financial intermediation, Creditors Rights,

This paper investigates the role of creditor rights and information sharing in explaining why some financial markets in sub-Saharan Africa have remained shallow. The paper finds that while financial liberalization...

Tax Effort in Sub-Saharan Africa

Tax Effort in Sub-Saharan Africa »

Source: Tax Effort in Sub-Saharan Africa

Volume/Issue: 1997/107

Series: IMF Working Papers

Author(s): Janet Stotsky , and Asegedech WoldeMariam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1997

ISBN: 9781451852943

Keywords: tax effort, tax share, tax revenue, taxable capacity, tax revenues

Many sub-Saharan African countries face difficulty in raising tax revenue for public purposes. This study uses panel data on 43 sub-Saharan African countries during 1990-95 to measure the determinants of the tax sh...

Public Expenditure Management in Francophone Africa

Public Expenditure Management in Francophone Africa »

Source: Public Expenditure Management in Francophone Africa : A Cross-Country Analysis

Volume/Issue: 2004/42

Series: IMF Working Papers

Author(s): Yaya Moussa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451846249

Keywords: expenditure, budget law, expenditures, expenditure management, expenditure process, Congo,

There are strong similarities between the French and French-inspired African PEM systems in terms of the legal setting, rules, and procedures. However, there are differences in practice, particularly in accounting...

Public Financial Management and Fiscal Outcomes in Sub-Saharan African Heavily-Indebted Poor Countries

Public Financial Management and Fiscal Outcomes in Sub-Saharan African Heavily-Indebted Poor Countries »

Source: Public Financial Management and Fiscal Outcomes in Sub-Saharan African Heavily-Indebted Poor Countries

Volume/Issue: 2008/217

Series: IMF Working Papers

Author(s): Ezequiel Cabezon , and Tej Prakash

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870756

Keywords: Fiscal Institutions, HIPC Countries, debt, pfm systems, pfm system, interest,

This paper examines, in a formal econometric framework, the linkages between public financial management and fiscal outcomes in sub-Saharan African countries. Similar analyses have been done for Latin America, Euro...

Debt Relief Under the HIPC Initiative

Debt Relief Under the HIPC Initiative »

Source: Debt Relief Under the HIPC Initiative : Context and Outlook for Debt Sustainability and Resource Flow

Volume/Issue: 2001/144

Series: IMF Working Papers

Author(s): Doris Ross , and Lisandro Abrego

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2001

ISBN: 9781451856446

Keywords: external debt sustainability, debt, debt service, debt reduction, external debt, International Lending and Debt Problems, Macroeconomic Analyses of Economic Development,

This paper discusses the Heavily Indebted Poor Countries (HIPC) Initiative in the perspective of sizable historical debt relief and large positive net resource flows to HIPCs. It argues that, by substantially reduc...