Cover Departmental Papers
Macroeconomic Vulnerabilities Stemming from the Global Economic Crisis: The Case of Swaziland
Author: Olivier Basdevant, Chikako Baba, and Miss Borislava Mircheva
Series:
Departmental Papers
Volume/Issue:
Volume 2011: Issue 008
Language:
English
Publication Date:
23 Dec 2011
DOI:
https://doi.org/10.5089/9781475510164.087
ISBN:
9781475510164
ISSN:
2616-5333
Pages:
37
Keywords:
DPPP; DP; debt; GDP; Swaziland; currency; deficit; open economy; GDP deflator; debt stock; long-term debt; equilibrium current account deficit norm; macroeconomic vulnerability; deficit norm; Currencies; International reserves; Commercial banks; Africa; Southern Africa; Global; Sub-Saharan Africa
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The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Swaziland has faced a significant fiscal crisis since 2010, in the wake of loss of transfers from the Southern African Customs Union (SACU). The fiscal crisis has led to increasing vulnerabilities, not only of public finances but also on commercial banks and the private sector. This paper provides an analysis of Swaziland's main macroeconomic vulnerabilities and the main policy implications of the analysis.
Cover Departmental Papers
Departmental Papers
ISSN:
2616-5333
Publisher:
International Monetary Fund