Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Africa > Uganda

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • External debt x
  • Current Account Adjustment; Short-term Capital Movements x
Clear All Modify Search
Cover IMF Staff Country Reports
Uganda: 2008 Article IV Consultation and Fourth Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
International Monetary Fund
The staff report for Uganda’s combined 2008 Article IV Consultation and Fourth Review Under the Policy Support Instrument is presented. Building on a foundation of two decades of sound policies, Uganda achieved an impressive economic performance, with high growth, low inflation, and steady poverty reduction. The deteriorating economic environment could expose weaknesses in banks’ risk management practices, gaps in home-host supervisory arrangements, operational risks as financial innovation outpaces banks’ systems and controls, and increasing risk appetite owing to intensifying competition from the surge of new banks.
Keywords:
ISCR; CR; pose downside risk; Uganda; debt; monetary policy; Uganda's economy; fiscal policy tool; IMF's framework; inflation trend; Exchange rates; Monetary statistics; Global; Sub-Saharan Africa; Africa
Cover IMF Working Papers
Flight Capital as a Portfolio Choice
Anke Hoeffler
,
Ms. Catherine A Pattillo
, and
Mr. Paul Collier
This paper sets flight capital in the context of portfolio choice, focusing upon the proportion of private wealth that is held abroad. There are large regional differences in this proportion, ranging from 5 percent in South Asia to 40 percent in Africa. We explain cross-country differences in portfolio choice by variables that proxy differences in the risk-adjusted rate of return on capital. We apply the results to four policy questions: how the East Asian crisis affected domestic capital outflows; herd effects; the effect of the IMF-World Bank debt relief initiative for heavily-indebted poor countries (HIPC) on capital repatriation; and why so much of Africa’s private wealth is held outside the continent.
Keywords:
WP; institutional investor; risk rating; increases in capital capital flight; capital flight literature; rate of return; Capital flight; portfolio choice; capital flight share; cline capital flight measure; flight capital; Capital outflows; Stocks; Foreign assets; Real exchange rates; East Asia; Africa; Sub-Saharan Africa; South Asia; Middle East