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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...

Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries

Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries »

Source: Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries : How do they Differ?

Volume/Issue: 2011/233

Series: IMF Working Papers

Author(s): Alexandra Tabova , and Carol Baker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2011

ISBN: 9781463921996

Keywords: real exchange rate, exchange rate, exporters, oil exporters, Intertemporal Choice and Growth: General, International Policy Coordination and Transmission, Economic Growth of Open Economies,

Non-oil growth in the CFA oil exporting countries has been lackluster despite their great natural resource wealth. In this paper we study the key determinants of non-oil growth and explore to what extent these coun...

Keynes, Cocoa, and Copper

Keynes, Cocoa, and Copper »

Source: Keynes, Cocoa, and Copper : In Search of Commodity Currencies

Volume/Issue: 2002/223

Series: IMF Working Papers

Author(s): Ratna Sahay , Luis Céspedes , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

ISBN: 9781451875300

Keywords: Exchange rate, developing country, real exchange rate, exchange rates, real exchange rates, reer, Open Economy Macroeconomics,

This paper examines whether the real exchange rates of commodity-exporting countries and the real prices of their commodity exports move together over time. Using IMF data on the world prices of 44 commodities and...

Striving for Stability: CFA Franc Realignment

Striving for Stability: CFA Franc Realignment »

Source: Finance & Development, June 1994

Volume/Issue: 31/2

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1994

ISBN: 9781451952599

Keywords: foreign exchange, exchange rates, overvalued exchange rates, terms of trade, nontariff barriers

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...

Sources of Inflation in Developing Countries1

Sources of Inflation in Developing Countries1 »

Source: Sources of Inflation in Developing Countries

Volume/Issue: 2001/198

Series: IMF Working Papers

Author(s): Prakash Loungani , and Phillip Swagel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451860061

Keywords: exchange rate, money growth, exchange rates

This paper develops stylized facts about the inflation process in developing countries, focusing particularly on the relationship between the exchange rate regime and the sources of inflation. Using annual data fro...

Macroeconomic Fluctuations in Sub-Saharan Africa

Macroeconomic Fluctuations in Sub-Saharan Africa »

Source: Macroeconomic Fluctuations in Sub-Saharan Africa

Volume/Issue: 1997/82

Series: IMF Working Papers

Author(s): Alexander Hoffmaister

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1997

ISBN: 9781451954746

Keywords: Macroeconomic fluctuations, exchange arrangements, exchange rate, terms of trade, real exchange rate, external shocks, exchange rate regimes

The sources of macroeconomic fluctuations in sub–Saharan African are examined by comparing the CFA franc countries with the non–CFA franc countries. External shocks, especially terms of trade shocks,...

Does the Long-Run Ppp Hypothesis Hold for Africa? Evidence From Panel Co-Integration Study

Does the Long-Run Ppp Hypothesis Hold for Africa? Evidence From Panel Co-Integration Study »

Source: Does the Long-Run Ppp Hypothesis Hold for Africa? Evidence From Panel Co-Integration Study

Volume/Issue: 1998/123

Series: IMF Working Papers

Author(s): Jun Nagayasu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1998

ISBN: 9781451854589

Keywords: Purchasing Power Parity, co-integration, exchange rates, exchange rate, statistics, exchange rate regimes, parallel exchange rates

This paper addresses whether parallel market exchange rates in Africa behave in the long run in a manner consistent with the purchasing power parity (PPP) hypothesis. A recent econometric method, the panel co-integ...

Central African Economic and Monetary Community

Central African Economic and Monetary Community »

Source: Central African Economic and Monetary Community : Staff Report on Common Policies of Member Countries; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Central African Economic and Monetary Community

Volume/Issue: 2011/329

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 November 2011

ISBN: 9781463925307

Keywords: exchange rate, real effective exchange rate, exporters, oil exporters, effective exchange rate

Member countries of the Central African Economic and Monetary Community are recovering from the global financial crisis, although growth in 2011 has not returned to precrisis levels. Executive Directors welcomed th...

Oil-Price Boom and Real Exchange Rate Appreciation

Oil-Price Boom and Real Exchange Rate Appreciation »

Source: Oil-Price Boom and Real Exchange Rate Appreciation : Is there Dutch Disease in the Cemac?

Volume/Issue: 2011/268

Series: IMF Working Papers

Author(s): Juan Trevino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

ISBN: 9781463924676

Keywords: real exchange rate, growth, exchange rate, oil importers, real exchange rate appreciation, exchange rate appreciation, International Factor Movements: Other, Open Economy Macroeconomics, Economic Growth of Open Economies, Demand and Supply of Labor: General

The paper employs a heuristic comparative approach suggested by Ismail (2009) to search for evidence of Dutch disease in oil-rich countries of the Central African Economic and Monetary Community (CEMAC). While thes...

Are African Current Account Deficits Different? Stylized Facts, Transitory Shocks, and Decomposition Analysis

Are African Current Account Deficits Different? Stylized Facts, Transitory Shocks, and Decomposition Analysis »

Source: Are African Current Account Deficits Different? Stylized Facts, Transitory Shocks, and Decomposition Analysis

Volume/Issue: 2001/4

Series: IMF Working Papers

Author(s): Luisa Zanforlin , César Calderón , and Alberto Chong

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2001

ISBN: 9781451842043

Keywords: Dynamic Panel Data Models, Decomposition Analysis, current account deficits, current account deficit, current account balance, current account balances, International Finance: General, Macroeconomic Aspects of International Trade and Finance: General,

This paper analyzes the behavior of current account deficits in Africa and estimates whether the deficits are excessive with respect to fundamentals. The findings are the deficits are (i) not very persistent; (ii)...