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Middle East and Central Asia > Yemen, Republic of

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

  • Type: Journal Issue x
  • National Security and War x
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Cover IMF Working Papers
The Impact of Conflict and Political Instability on Banking Crises in Developing Countries
Ali Compaoré
,
Mr. Montfort Mlachila
,
Rasmané Ouedraogo
, and
Sandrine Sourouema
While there is an extensive literature examining the economic impact of conflict and political instability, surprisingly there have been few studies on their impact on the probability of banking crises. This paper therefore investigates whether rising conflict and political instability globally over the past several decades led to increased occurrence of banking crises in developing countries. The paper provides strong evidence that conflicts and political instability are indeed associated with higher probability of systemic banking crises. Unsurprisingly, the duration of a conflict is positively associated with rising probability of a banking crisis. Interestingly, the paper also finds that conflicts and political instability in one country can have negative spillover effects on neighboring countries’ banking systems. The paper provides evidence that the primary channel of transmission is the occurrence of fiscal crises following a conflict or political instability.
Keywords:
WP; banking crisis; fiscal crisis; government crisis; state fragility index; conflict; political instability; banking crises; fiscal crises; liquidity shortage; countries matter; banking turmoil; economic growth; banking liquidity shortage; occurrence of a banking crisis; systemic banking crisis; terms of trade; experiencing banking crisis; Commercial banks; Systemic crises; Terms of trade; Logit models; Sub-Saharan Africa; Global; banking crises in year; occurrence of banking crisis; start of a banking crisis
Cover Staff Discussion Notes
The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa
Mr. Bjoern Rother
,
Ms. Gaelle Pierre
,
Davide Lombardo
,
Risto Herrala
,
Ms. Priscilla Toffano
,
Mr. Erik Roos
,
Mr. Allan G Auclair
, and
Ms. Karina Manasseh
In recent decades, the Middle East and North Africa region (MENA) has experienced more frequent and severe conflicts than in any other region of the world, exacting a devastating human toll. The region now faces unprecedented challenges, including the emergence of violent non-state actors, significant destruction, and a refugee crisis bigger than any since World War II. This paper raises awareness of the economic costs of conflicts on the countries directly involved and on their neighbors. It argues that appropriate macroeconomic policies can help mitigate the impact of conflicts in the short term, and that fostering higher and more inclusive growth can help address some of the root causes of conflicts over the long term. The paper also highlights the crucial role of external partners, including the IMF, in helping MENA countries tackle these challenges.
Keywords:
SDN; conflict country; refugee crisis; central bank; economic activity; country authorities; Middle East and North Africa; conflicts; refugees; macroeconomic policy; economic spillovers; post-conflict reconstruction; international community; MENA region; MENA country; physical capital; financial support; IMF staff calculation; growth potential; MENA conflict country; Labor markets; Infrastructure; Inflation; Middle East; North Africa; Global; East Africa; Europe
Cover IMF Working Papers
Military Expenditure: International Comparison of Trends
Mr. Daniel P. Hewitt
This paper analyzes trends in world military expenditure by examining the shares of different country groups and the ratio to GDP of individual nations. The coverage is military expenditures in 125 countries from 1972 to 1988. The study also compares military expenditures as a proportion of central government expenditures; analyzes the budgetary trade-off between military, social, and development expenditures; and discusses the impact of military expenditures on economic development.
Keywords:
WP; military expenditure; central government expenditure; country; central government; expenditure pattern; Adjusted SIPRI; development expenditure; allocations to the military; expenditure cutback; country ranking; Defense spending; Central government spending; Budget planning and preparation; Public employment; Middle East; North Africa; Sub-Saharan Africa; Eastern Europe; Caribbean