WorldCat Identities

International Monetary Fund African Department

Overview
Works: 950 works in 2,280 publications in 1 language and 63,375 library holdings
Roles: Other
Publication Timeline
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Most widely held works by International Monetary Fund
Habit formation and persistence in individual asset portfolio holdings : the case of Italy by Sònia Muñoz( Book )

9 editions published in 2006 in English and held by 20 WorldCat member libraries worldwide

This paper uses six waves of the Bank of Italy Survey of Households Income and Wealth to explore the dynamics of asset portfolio ownership. The household asset portfolio decision is a choice among discrete alternatives, and I model the problem in a multinomial framework. I focus on a particularly important feature of household portfolio behavior: the infrequency of portfolio allocation changes. I find evidence of strong unobserved heterogeneity through time-varying error components, which I interpret as taste persistence in both the risky and safe asset participation decisions. I estimate the model using the method of maximum smoothly simulated likelihood
Zimbabwe's export performance : the impact of the parallel market and governance factors by Sònia Muñoz( Book )

9 editions published in 2006 in English and held by 14 WorldCat member libraries worldwide

This paper analyzes Zimbabwe's export performance in recent years and identifies the factors that could improve export performance, from both a quantitative and qualitative perspective. Improving export performance is critical to a turnaround in Zimbabwe's economic situation. The growth rate of total exports declined dramatically in the early 2000s, following a large real appreciation of the currency and the introduction of the fast-track land reform program. An important finding of the paper is that policies that reduce (eliminate) the parallel market premium and lower ethnic tensions would be key to promoting export growth
Bank efficiency in Sub-Saharan African middle-income countries by Chuling Chen( Book )

4 editions published in 2009 in English and held by 14 WorldCat member libraries worldwide

We use bank level data to study the efficiency of banks in Sub-Saharan African middle-income countries and provide possible explanations for the difference in the efficiency levels of banks. We find that banks, on average, could save 20-30 percent of their total costs if they were operating efficiently, and that foreign banks are more efficient than public banks and domestic private banks. Among the factors that could affect the efficiency levels are macroeconomic stability, depth of financial development, the degree of market competition, strong legal rights and contract laws, and better governance, including political stability and government effectiveness. Our findings point to the importance of policies that aim to build stronger institutions, promote more competition, and improve governance
World crude oil markets : monetary policy and the recent oil shock by Noureddine Krichene( Book )

6 editions published in 2006 in English and held by 14 WorldCat member libraries worldwide

This paper examines the relationship between monetary policy and oil prices within a world oil demand and supply model. Low price and high income elasticities of demand and rigid supply explain high price volatilities and producers' market power. Exchange and interest rates do influence oil market equilibrium. The relationship between oil prices and interest rates is a two-way relationship that depends on the type of oil shock. During a supply shock, rising oil prices caused interest rates to increase; whereas during a demand shock, falling interest rates caused oil prices to rise. Record low interest rates led to high oil price volatility in 2005. Data shows that world economic growth and price stability require stable oil markets and therefore more prudent monetary policies
How can Burundi raise its growth rate? : the impact of civil conflicts and state intervention on Burundi's growth performance by Olivier Basdevant( Book )

4 editions published in 2009 in English and held by 14 WorldCat member libraries worldwide

Over the last thirty years Burundi's low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented Burundi's economy from growing faster. Lack of investment, civil conflict, economic inefficiencies, state intervention in the economy, and regulatory restrictions explain a large part of the weak growth performance for the last thirty years
Excess liquidity and effectiveness of monetary policy : evidence from Sub-Saharan Africa by Magnus Saxegaard( Book )

6 editions published in 2006 in English and held by 14 WorldCat member libraries worldwide

This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to which commercial bank holdings of excess liquidity exceed levels required for precautionary purposes. It proposes a methodology for measuring this quantity and uses it to estimate a nonlinear structural VAR model for the CEMAC region, Nigeria and Uganda. The study suggests that excess liquidity weakens the monetary policy transmission mechanism and thus the ability of monetary authorities to influence demand conditions in the economy
Distributional effects of oil price changes on household expenditures : evidence from Mali by Kangni Kpodar( Book )

6 editions published in 2006 in English and held by 12 WorldCat member libraries worldwide

Using an input-output approach, this paper assesses the distributional effects of a rise in various petroleum product prices in Mali. The results show that, although rising gasoline and diesel prices affect mainly nonpoor households, rising kerosene prices are most harmful to the poor. Overall, the impact of fuel prices on household budgets displays a U-shaped relationship with expenditure per capita. Regardless of the oil product considered, highincome households would benefit disproportionately from oil price subsidies. This suggests that a petroleum price subsidy is an ineffective mechanism for protecting the income of poor households compared with a targeted subsidy
Sub-Saharan Africa's integration in the global financial markets by Corinne Deléchat( Book )

6 editions published in 2009 in English and held by 12 WorldCat member libraries worldwide

The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth. In our sample, the degree of financial market development is an important determinant of the distribution of capital flows across countries as opposed to property rights institutions. The fairly consistent positive association between net capital flows and growth for SSA countries contrasts with the more pessimistic res
Estimating the implicit inflation target of the South African reserve bank (pdf download) by Nir Klein( )

1 edition published in 2012 in English and held by 0 WorldCat member libraries worldwide

Nigeria : publication of financial sector assessment program documentationdetailed assessment of implementation of iosco objectives and principles by International Monetary Fund( )

3 editions published in 2013 in English and held by 0 WorldCat member libraries worldwide

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries
Financing Growth in the WAEMU Through the Regional Securities Market: Past Successes and Current Challenges by Mame Astou Diouf( )

1 edition published in 2012 in English and held by 0 WorldCat member libraries worldwide

The West African Economic and Monetary Union (WAEMU) regional securities market saw increasing activity in the last decade, but still fell short of supplying sufficient long-term financing for growth-enhancing public and private investment projects. In addition to providing an institutional background, this paper studies recent developments and the determinants of interest rates on the market--using yield curve and principal component analyses. It also identifies challenges and prospective reforms that could help the region reap the full benefits of a more dynamic securities market and assesses the potential systemic risk the market may pose for the region's banking system
Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters by Alun H Thomas( )

1 edition published in 2012 in English and held by 0 WorldCat member libraries worldwide

The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in the US Treasury bill rate and to the EMBI spread in recent years. The effects are more important for countries with open capital accounts. On the other hand the paper does not provide any support for the interest rate parity theory because domestic interest rates have no bearing on exchange rate movements
 
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Alternative Names

controlled identityInternational Monetary Fund

African Department.

IMF. African Department.

International Monetary Fund. African Department.

International Monetary Fund. African Dept.

Languages
English (58)