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Africa > Malawi

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Financial Institutions and Services: Government Policy and Regulation x
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Cover Departmental Papers
Macro-Financial Linkages in Shallow Markets: Experience from the African Department’s Pilot Countries
International Monetary Fund. African Dept.
This paper assesses and disseminates experiences and lessons from low-income countries (LICs) in Sub-Saharan Africa that were selected by the Africa Department in 2015-16 as pilots for enhanced analysis of macro-financial linkages in Article IV staff reports. The paper focuses on the common characteristics across the pilot countries and highlights the tools used in the analysis, the challenges encountered, and the solutions deployed in overcoming them.
Keywords:
DPPP; DP; interest rate; credit risk; central bank; banking sector; bank competition; cost of funds; composite index; lending condition; Malawian bank; economic value; bank information cost; financial system assets; banking system assets; bank level; banks in Benin; bank agent; Financial sector development; Financial sector; Stress testing; Credit; Sub-Saharan Africa; East Africa; Middle East; East Asia
Cover IMF Survey
IMF Survey: Volume 28, Issue 01
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SV; IMF's Administration Department; structural adjustment Facility; ESAF arrangement; IMF Deputy managing director Shigemitsu Sugisaki; contingency financing facility; IMF Deputy managing director Alassane D. Ouattara; reserve facility; Lender of last resort; SDR interest rate; International monetary system; Inflation; Africa; Global; Europe; Sub-Saharan Africa; Southeast Asia
Cover IMF Working Papers
Interest Rate Liberalization: Some Lessons From Africa
Mr. Bart Turtelboom
This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberalization. Despite substantial progress in monetary policy reforms, liberalization has only partially affected the level and variability of interest rates. Several factors—macroeconomic instability, oligopolistic financial markets, the absence of developed capital markets, as well as the sequencing of the liberalization programs and the asymmetric availability of information—explain the increase in the spread between lending and deposit rates as well as the rather inflexible pattern of interest rates during the transition to a market-based financial system.
Keywords:
WP; lending rate; interest rate liberalization; treasury bill; central bank; exchange rate; liberalization program; rate of inflation; income effect; an interest rate; interest rate structure; Deposit rates; Commercial banks; Real interest rates; Financial sector; Inflation; Africa; Sub-Saharan Africa