Back Matter

Back Matter

International Monetary Fund. African Dept.
Published Date:
April 2008
    • ShareShare
    Show Summary Details

      Adam, Christopher, and StephenO’Connell, 2006, “Monetary Policy and Aid Management in Sub-Saharan Africa” (unpublished; Oxford: Department of Economics, University of Oxford).

      Adam, Christopher, and StephenO’Connell, EdwardBuffie, and Catherine A.Pattillo, 2007, “Monetary Policy Rules for Managing Aid Surges in Africa,” IMF Working Paper 07/180 (Washington: International Monetary Fund).

      Adenikinju, A., 2005, “Analysis of the Cost of Infrastructure Failures in a Developing Economy: The Case of the Electricity Sector in Nigeria,” AERC Research Paper No. 148 (Nairobi: African Economic Research Consortium).

      Alfaro, L., A.Charlton, 2007, “International Financial Integration and Entrepreneurial Firm Activity,” NBER Working Paper No. 13118 (Cambridge, Massachusetts: National Bureau of Economic Research).

      Alfaro, L., S.Kalemli-Ozcan, V.Volosovych, 2005a, “Capital Flows in a Globalized World: The Role of Policies and Institutions,” NBER Working Paper No. 11696 (Cambridge, Massachusetts: National Bureau of Economic Research).

      Alfaro, L., S.Kalemli-Ozcan, V.Volosovych, 2005b, “Why Doesn’t Capital Flow from Rich to Poor Countries? An Empirical Investigation,” NBER Working Paper No. 11901 (Cambridge, Massachusetts: National Bureau of Economic Research).

      Aykut, Dilek, and SelinSayek, 2007, “The Role of the Sectoral Composition of Foreign Direct Investment on Growthin Do Multinationals Feed Local Development and Growth?ed. by LuciaPiscitello and GraziaD. Santangelo (Amsterdam: Elsevier).

      Banerjee, S., Q.Wodon, A.Diallo, T.Pushak, H.Uddin, C.Tsimpo, V.Foster, 2008, “Access, Affordability and Alternatives: Modern Infrastructure Services in Sub-Saharan Africa,” Africa Infrastructure Country Diagnostic (Washington: World Bank).

      Bank for International Settlements (BIS),2005, “Foreign Exchange Market Intervention in Emerging Markets: Motives, Techniques and Implications,” BIS Paper No. 24 (Basel).

      Bekaert, Geert, Campbell R.Harvey, ChristianLundblad, 2005, “Does Financial Liberalization Spur Growth?Journal of Financial Economics, Vol. 77 (July), pp. 355.

      Bekaert, Geert, Campbell R.Harvey, ChristianLundblad, 2006, “Growth Volatility and Financial Liberalization,” Journal of International Money and Finance, Vol. 25 (April), pp. 370403.

      Berg, Andrew, ShekharAiyar, MumtazHussain, ShaunRoache, TokhirMirzoev, AmberMahone, 2007, The Macroeconomics of Scaling Up Aid: Lessons from Recent Experience, IMF Occasional Paper No. 253 (Washington: International Monetary Fund).

      Berg, Andrew, and EduardoBorensztein, 2000, “The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies,” Journal of Applied Economics, Vol. 3 (November), pp. 285324.

      Berg, Andrew, SeanHagan, ChristopherHarvis, BernhardSteinki, MarkStone, AlessandroZanello, 2003, “Reestablishing a Credible Nominal Anchor after a Financial Crisis,” in Managing Financial Crises: Recent Experience and Lessons for Latin America, ed. by CharlesCollyns and G. RussellKincaid, IMF Occasional Paper No. 217 (Washington: International Monetary Fund).

      Berg, Andrew, PhilippeKaram, DouglasLaxton, 2006, “A Practical Model-Based Approach to Monetary Policy Analysis—Overview,” IMF Working Paper 06/80 (Washington: International Monetary Fund).

      Berg, Andrew, RafaelPortillo, forthcoming, “Money in Africa: Money Targeting in a New Keynesian Model with Incomplete Information” (unpublished; Washington: International Monetary Fund).

      Bernanke, Ben, ThomasLaubach, FredericMishkin, AdamPosen, 1999, Inflation Targeting: Lessons from the International Experience (Princeton, New Jersey: Princeton University Press).

      Besant-Jones, J.E., 2006, “Reforming Power Markets in Developing Countries: What Have We Learned?Energy and Mining Sector Board Discussion Paper No. 19 (Washington: World Bank).

      Briceno-Garmendia, Cecilia, 2006, “A Brief Note on the Electric Power Sector in Africa and the WB Involvement” (unpublished; Washington: World Bank).

      Briceno-Garmendia, Cecilia, and K.Smits, 2008, “Fiscal Costs of Infrastructure in Sub-Saharan Africa,” Africa Infrastructure Country Diagnostic (Washington: World Bank).

      Buffie, Edward, 2003, “Tight Money, Real Interest Rates, and Inflation in Sub-Saharan Africa,” IMF Staff Papers, Vol. 50 (March), pp. 11535.

      C.Calderon, 2008, “Infrastructure and Growth in Africa,” Africa Infrastructure Country Diagnostic Working Paper (Washington: World Bank).

      Calvo, Guillermo, CarmenReinhart, 2002, “Fear of Floating,” Quarterly Journal of Economics, Vol. 117 (May), pp. 379408.

      Calvo, Guillermo, CarmenReinhart, and CarlosVégh, 1995, “Targeting the Real Exchange Rate: Theory and Evidence,” Journal of Development Economics, Vol. 47 (June), pp. 97133.

      Carstens, Agustín, AlejandroWerner, 1999, “Mexico’s Monetary Policy Framework Under a Floating Exchange Rate Regime,” Working Paper No. 99-05 (Mexico City: Banco de Mexico).

      Cheng, Kevin, 2006, “A VAR Analysis of Kenya’s Monetary Policy Transmission Mechanism: How Does the Central Bank’s REPO Rate Affect the Economy?IMF Working Paper 06/300 (Washington: International Monetary Fund).

      Chinn, M.D., H.Ito, 2006, “What Matters for Financial Development? Capital Controls, Institutions, and Interactions,” Journal of Development Economics, Vol. 81 (October), pp. 16392.

      Chinn, M.D., H.and Ito, 2007, “A New Measure of Financial Openness,” Available via the Internet

      Cihák, Martin, RichardPodpiera, 2005, “Bank Behavior in Developing Countries: Evidence from East Africa,” IMF Working Paper 05/129 (Washington: International Monetary Fund).

      Clarida, Richard, JordiGalí, MarkGertler, 1998, “Monetary Policy Rules in Practice: Some International Evidence,” European Economic Review, Vol. 42 (June), pp. 103367.

      Clément, Jean A.P., ed.2004, Postconflict Economics in Sub-Saharan Africa: Lessons from the Democratic Republic of the Congo (Washington: International Monetary Fund).

      Clément, Jean A.P., and Shanaka J.Peiris, eds., forthcoming, Post-Stabilization Economics in Sub-Saharan Africa: Lessons from Mozambique (Washington: International Monetary Fund).

      Coenen, Gunter, AndrewLevin, VolkerWieland, 2005, “Data Uncertainty and the Role of Money as an InformationVariable for Monetary Policy,” European Economic Review, Vol. 49 (May), pp. 9751006.

      Collier, Paul1999, “On the Economic Consequences of Civil War,” Oxford Economic Papers, Vol. 51 (January), pp. 16883.

      Collier, Paul and StephenO’Connell, 2006, “Opportunities and Choices,” inExplaining African Economic Growth(Oxford: Center for Study of African Economies).

      Collins, D., M.Abrahamson, 2006, “Measuring the Cost of Equity in African Financial Markets,” Emerging Markets Review, Vol. 7 (March), pp. 6781.

      Djankov, SimeonMcLiesh, CaraleeShleifer, Andrei2005, “Private Credit in 129 Countries,” NBER Working Paper No. 11078 (Cambridge, Massachusetts: National Bureau of Economic Research).

      Eberhard, A, others, 2008, “Review of the State of the Power Sector in Sub-Saharan Africa,” Africa Infrastructure Country Diagnostic (Washington: World Bank).

      Ebinger, J., 2006, “Measuring Financial Performance in Infrastructure: An Application to Europe and Central Asia,” Policy Research Working Paper No. 3992 (Washington: World Bank).

      Econ Analysis, 2008, “Costing Power Infrastructure Investment Needs in Sub-Saharan Africa,” Africa Infrastructure Country Diagnostic (Washington: World Bank).

      Edison, H., M.Klein, L.A.Ricci, T.Sløk, 2004, “Capital Account Liberalization and Economic Performance: Survey and Synthesis,” IMF Staff Papers, Vol. 51 (August), pp. 22056.

      Edwards, S., R.Rigobon, 2005, “Capital Controls, Exchange Rate Volatility and External Vulnerability,” NBER Working Paper No. 11434 (Cambridge, Massachusetts: National Bureau of Economic Research).

      Eichengreen, Barry, PaulMasson, MiguelSavastano, ShunilSharma, 1999, “Transition Strategies and Nominal Anchors on the Road to Greater Exchange-Rate Flexibility,” Princeton Essays in International Economics No. 213 (Princeton, New Jersey: Princeton University).

      Elbadawi, Ibrahim, LindaKaltani, RaimundoSoto, 2007, “Real Exchange Rate Misalignment in Sub-Saharan Africa: How Serious? How Dangerous?” (unpublished; Washington: World Bank).

      Escribano, A., J.L.Guasch, J.Pena, 2008, “A Robust Assessment of the Impact of Infrastructure on African Firm’s Productivity,” Africa Infrastructure Country Diagnostic (Washington: World Bank).

      Faria, André, PaoloMauro, 2004, “Institutions and the External Capital Structure of Countries,” IMF Working Paper 04/236 (Washington: International Monetary Fund).

      Faria, André, PaoloMauro, MartínMinnoni, AleksandarZaklan, 2006, “The External Financing of Emerging Market Countries: Evidence from Two Waves of Financial Globalization,” IMF Working Paper 06/205 (Washington: International Monetary Fund).

      Fischer, Stanley, RatnaSahay, CarlosVégh, 2002, “Modern Hyper- and High Inflations,” Journal of Economic Literature, Vol. 40 (September), pp. 83780.

      Foster, V., J.Steinbuks, 2008, “Paying the Price for Unreliable Power Supplies: In-House Generation of Electricity by Firms in Africa,” Africa Infrastructure Country Diagnostic (Washington: World Bank).

      Frankel, Jeffrey, 2004, “Experiences of and Lessons from Exchange Rate Regimes in Emerging Economies,” in Monetary and Financial Integration in East Asia: The Way Ahead, Vol. 1, ed. by AsianDevelopment Bank (New York: Palgrave Macmillan).

      Galí, Jordi, MarkGertler, 2007, “Macroeconomic Modeling for Monetary Policy Evaluation,” Journal of Economic Perspectives, Vol. 21 (Fall), pp. 2546.

      Galindo, Arturo, AlejandroMicco, 2004, “Creditor Protection and Financial Markets: Empirical Evidence and Implications for Latin America,” Atlanta Federal Reserve Bank Economic Review (Second Quarter), pp. 2937.

      Gerlach, Stefan, LarsSvensson, 2003, “Money and Inflation in the Euro Area: A Case for Monetary Indicators?Journal of Monetary Economics, Vol. 50 (November), pp. 164972.

      Ghosh, Atish, CharisChristofides, JunKim, LauraPapi, UmaRamakrishnan, AlunThomas, JuanZalduendo, 2005, The Design of IMF-Supported Programs, IMF Occasional Paper No. 241 (Washington: International Monetary Fund).

      Goldman Sachs,2008, “Africa Rising,” Global Economics Weekly, No. 08/04.

      Goodfriend, Marvin, 2007, “How the World Achieved Consensus on Monetary Policy,” Journal of Economic Perspectives, Vol. 21 (Fall), pp. 4768.

      Gourinchas, P.-O., O.Jeanne, 2007, “Capital Flows to Developing Countries: The Allocation Puzzle,” NBER Working Paper No. 13602 (Cambridge, Massachusetts: National Bureau of Economic Research).

      Gratwick, K.N., A.Eberhard, 2007, “An Analysis of Independent Power Projects in Africa: Understanding Development and Investment Outcomes,” Management Programme in Infrastructure Reform & Regulation Working Paper (Cape Town, South Africa: Graduate School of Business, University of Cape Town).

      Gupta, Sanjeev, RobertPowell, YongzhengYang, 2006, Macroeconomic Challenges of Scaling Up Aid to Africa: A Checklist for Practitioners (Washington: International Monetary Fund).

      Harjes, Thomas, LucaRicci, 2005, “A Quantitative Analysis of Inflation Dynamics in South Africa,” in South Africa: Selected Issues, IMF Country Report No. 05/345 (Washington: International Monetary Fund).

      Henry, P.B., 2006, “Capital Account Liberalization: Theory, Evidence, and Speculation,” NBER Working Paper No. 12698 (Cambridge, Massachusetts: National Bureau of Economic Research).

      The Infrastructure Consortium for Africa,2008, Annual Report, Vol. 1 (Tunis: The Infrastructure Consortium for Africa).

      International Action Network on Small Arms (IANSA), Oxfam, Saferworld, 2007, “Africa’s Missing Billions: International Arms Flows and the Cost of Conflict,” Briefing Paper No. 107 (London).

      International Monetary Fund, 1998, Nigeria—Selected Issues and Statistical Appendix, IMF Country Report No. 98/78 (Washington: International Monetary Fund).

      International Monetary Fund, 2004a, “Public Investment and Fiscal Policy,” (Washington).

      International Monetary Fund, 2004b, World Economic Outlook (Washington, September).

      International Monetary Fund, 2005, Regional Economic Outlook: Sub-Saharan Africa (Washington, May).

      International Monetary Fund, 2006a, Regional Economic Outlook: Sub-Saharan Africa (Washington, May).

      International Monetary Fund, 2006b, Regional Economic Outlook: Sub-Saharan Africa (Washington, September).

      International Monetary Fund, 2007a, “Aid Inflows: The Role of the Fund and Operational Issues for Program Design” (Washington, June14). Available via the Internet:

      International Monetary Fund, 2007b, “Fiscal Policy Response to Scaled Up Aid” (Washington, June5). Available via the Internet:

      International Monetary Fund, 2007c, Global Financial Stability Report (Washington, October).

      International Monetary Fund, 2007d, “Reaping the Benefits of Financial Globalization” (Washington, June1). Available via the Internet:

      International Monetary Fund, 2007e, Regional Economic Outlook: Sub-Saharan Africa (Washington, October).

      International Monetary Fund, 2007f, World Economic Outlook (Washington, October).

      Ishii, Shogo, KarlHabermeier, others, 2002, Capital Account Liberalization and Financial Sector Stability, IMF Occasional Paper No. 211 (Washington: International Monetary Fund).

      Jeanne, Olivier, AndrewRose, 2002, “Noise Trading and Exchange Rate Regimes,” Quarterly Journal of Economics, Vol. 117 (May), pp. 53769.

      Kamil, Herman, 2008, “Is Exchange Rate Intervention Effective Under Inflation Targeting: The Case of Colombia?” (unpublished; Washington: International Monetary Fund).

      Kamin, Steve, PhilipTurner, Van’t dack, Jozef1998, “The Transmission Mechanism of Monetary Policy in Emerging Market Economies: An Overview,” in The Transmission of Monetary Policy in Emerging Market Economies, BIS Policy Paper No. 3 (Basel: Bank for International Settlements).

      Klein, M.W., 2005, “Capital Account Liberalization, Institutional Quality and Economic Growth: Theory and Evidence,” NBER Working Paper No. 11112 (Cambridge, Massachusetts: National Bureau of Economic Research).

      Knight, Malcolm, NormanLoayza, and DelanoVillanueva, 1996, “The Peace Dividend: Military Spending Cuts and Economic Growth,” Policy Research Working Paper No. 1577 (Washington: International Monetary Fund).

      Kose, M. Ayhan, EswarPrasad, Shang-JinWei, and KennethRogoff, 2006, “Financial Globalization: A Reappraisal,” IMF Working Paper 06/189 (Washington: International Monetary Fund).

      Kose, M. Ayhan,EswarPrasad, andMarcoTerrones, 2007, “How Does Financial Globalization Affect Risk Sharing? Patterns and Channels,” IMF Working Paper 07/238 (Washington: International Monetary Fund).

      La Porta,RafaelFlorencioLopez-de-Silanes, AndreiShleifer, andRobertVishny, 1998, “Law and Finance,” Journal of Political Economy, Vol. 106 (December), pp. 111355.

      Laurens, Bernard, 2005, Monetary Policy Implementation at Different Stages of Market Development, IMF Occasional Paper No. 244 (Washington: International Monetary Fund).

      Lukonga, Inutu, forthcoming, “Financial Market Development: Survey of Sub-Saharan African Countries,” IMF Working Paper (Washington: International Monetary Fund).

      Magud, Nicolas, andCarmen M.Reinhart,2007, “Capital Controls: An Evaluation,” inCapital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, ed. by Sebastian Edwards (Chicago: University of Chicago Press), pp. 64574.

      Martin, M., andC.Rose-Innes, 2004, “Private Capital Flows to Low-Income Countries: Perception and Reality,” Canadian Development Report 2004, Chapter 2 (Ottawa: The North-South Institute).

      Masson, Paul, and CatherinePattillo, 2004, The Monetary Geography of Africa (Washington: Brookings Institution Press).

      McCallum, Bennett, 2007, “Monetary Policy in East Asia: The Case of Singapore,” IMES Discussion Paper 2007-E-10 (Tokyo: Bank of Japan).

      McDonald, Calvin, and LilianaSchumacher, 2007, “Financial Deepening in Sub-Saharan Africa: Empirical Evidence on the Role of Creditor Rights Protection and Information Sharing,” IMF Working Paper 07/203 (Washington: International Monetary Fund).

      Mikkelsen, Jan,2008, “Monetary Policy and Inflation,” in Zambia—Selected Issues, IMF Country Report No. 08/29 (Washington: International Monetary Fund).

      Mills, Marshall, andHansWeisfeld, 2008, “Inflation Targeting Framework for Ghana,” in Ghana: Selected Issues, IMF Country Report (forthcoming; Washington: International Monetary Fund).

      Mishkin, Frederic,2007, Monetary Policy Strategy (Cambridge, Massachusetts: MIT Press).

      Moran, Theodore H.,Edward M.Graham, andMagnusBlomström, eds., 2005, Does Foreign Direct Investment Promote Development? (Washington: Institute for International Economics).

      Mussa, Michael,1986, “Nominal Exchange Rate Regimes and the Behavior of Real Exchange Rates: Evidence and Implications,” Carnegie-Rochester Conference Series on Public Policy, Vol. 25 (Autumn), pp. 117214.

      Mussa, Michael, PaulMasson,AlexanderSwoboda,EstebanJadresic, PaoloMauro, AndrewBerg, 2000, Exchange Rate Regimes in an Increasingly Integrated World Economy, IMF Occasional Paper No. 193 (Washington: International Monetary Fund).

      Nachega, Jean-Claude2005, “Fiscal Dominance and Inflation in the Democratic Republic of the Congo,” IMF Working Paper 05/221 (Washington: International Monetary Fund).

      OECD, 2008, International Development Statistics CD-Rom 2008 Edition (Paris: Organization for Economic Cooperation and Development).

      Ötker-Robe, Inci, andDavidVavra, 2007, Moving to Greater Exchange Rate Flexibility: Operational Aspects Based on Lessons from Detailed Country Experiences, IMF Occasional Paper No. 256 (Washington: International Monetary Fund).

      Parrado, Eric, 2004, “Singapore’s Unique Monetary Policy: How Does it Work?IMF Working Paper 04/10 (Washington: International Monetary Fund).

      Peiris, Shanaka J., and MagnusSaxegaard, 2007, “An Estimated DSGE Model for Monetary Policy Analysis in Low-Income Countries,” IMF Working Paper 07/282 (Washington: International Monetary Fund).

      Prasad, Eswar S., Raghuram G.Rajan, andArvindSubramanian, 2007, “Foreign Capital and Economic Growth,” Brookings Papers on Economic Activity: 1, Brookings Institution, pp. 153209.

      Reynard, Samuel,2007, “Maintaining Low Inflation: Money, Interest Rates, and Policy Stance,” Journal of Monetary Economics, Vol. 54 (July), pp. 144171.

      Rose, Andrew, 2000, “One Money, One Market: Estimating the Effect of Common Currencies on Trade,” Economic Policy, Vol. 15 (April), pp. 746.

      Sacerdoti, Emilio, 2005, “Access to Bank Credit in Sub-Saharan Africa: Key Issues and Reform Strategies,” IMF Working Paper 05/166 (Washington: International Monetary Fund).

      Saxegaard, Magnus, 2006, “Excess Liquidity and Effectiveness of Monetary Policy: Evidence from Sub-Saharan Africa,” IMF Working Paper 06/115 (Washington: International Monetary Fund).

      Seitz,Franz, and Karl-HeinzTödter,2001, “How the P* Model Rationalizes Monetary Targeting: A Comment on Svensson,” German Economic Review, Vol. 2 (August), pp. 30308.

      Selassie, Abebe, Benedict J.Clements,ShamsuddinTareq, Jan KeesMartijn, andGabrielDi Bella, 2006, Designing Monetary and Fiscal Policy in Low-Income Countries, IMF Occasional Paper No. 250 (Washington: International Monetary Fund).

      Steinberg, Chad, forthcoming, “Nigerian Inflation: A Structural Model for Policy Analysis,” in South Africa: Selected Issues, IMF Country Report (Washington: International Monetary Fund).

      Stone, Mark, 2003, “Inflation Targeting Lite,” IMF Working Paper 03/12 (Washington: International Monetary Fund).

      Stone, Mark, and AshokBhundia,2004, “A New Taxonomy of Monetary Regimes,” IMF Working Paper 04/191 (Washington: International Monetary Fund).

      Svensson, Lars, 1997, “Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets,” European Economic Review, Vol. 41 (June), pp. 111146.

      Svensson, Lars, 2000, “Does the P* Model Provide Any Rationale for Monetary Targeting?German Economic Review, Vol. 1 (February), pp. 6981.

      Svensson, Lars, 2001, “Response to Seitz and Tödter, How the P* Model Rationalises Monetary Targeting—A Comment on Svensson,” German Economic Review, Vol. 2 (August), pp. 30912.

      Svensson, Lars, and MichaelWoodford, 2003, “Indicator Variables for Monetary Policy,” Journal of Monetary Economics, Vol. 50 (April), pp. 691720.

      Uanguta, Ebson, andSylvanusIkhide, 2002, “Monetary Policy Transmission Mechanism in Namibia,” BON Working Paper No. 2/02 (Windhoek, Namibia: Bank of Namibia Research Department).

      United Nations Development Program/World Bank Energy Sector Management Assistance Program (UNDP/ESMAP), 2005, “The Impact of Higher Oil Prices on Low-Income Countries and on the Poor” (Washington: World Bank).

      van den Boogaerde, Pierre, andCharalambosTsangarides, 2005, “Ten Years After the CFA Franc Devaluation: Progress Toward Regional Integration in the WAEMU,” IMF Working Paper 05/145 (Washington: International Monetary Fund).

      Veyrune, Romain, 2007, “Fixed Exchange Rates and the Autonomy of Monetary Policy: The Franc Zone Case,” IMF Working Paper 07/34 (Washington: International Monetary Fund).

      Wodon, Quentin, and others, 2008, “Electricity Tariffs and the Poor: Case Studies for Sub-Saharan Africa,” Africa Infrastructure Country Diagnostic (Washington: World Bank).

      Wodon, Quentin, and others,2007a, Doing Business 2008 (Washington, September).

      Wodon, Quentin, and others,2007b, Global Development Finance: The Globalization of Corporate Finance in Developing Countries (Washington).

      World Bank, 2007c,“Private Participation in Infrastructure Project Database,” Available via the Internet at:

      Yepes, T., J.Pierce, andV.Foster, 2008, “Making Sense of Sub-Saharan Africa’s Infrastructure Endowment: A Benchmarking Approach,” Africa Infrastructure Country Diagnostic (Washington: World Bank).

      You are not logged in and do not have access to this content. Please login or, to subscribe to IMF eLibrary, please click here

      Other Resources Citing This Publication