Download or read book Private Capital Flows to Africa written by and published by . This book was released on 1999 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Direct Investment and Other Private Capital Flows to Sub Saharan Africa written by Gunnar Fors and published by Department for Infrastructure and Economic Cooperation Sida. This book was released on 1997-01-01 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Flows to Africa written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sub Saharan Africa s Integration in the Global Financial Markets written by Corinne Deléchat and published by International Monetary Fund. This book was released on 2009-05-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 results of recent studies, though our data do not allow us to make conclusive inferences about a causality relationship.
Download or read book Capital Flows Capital Account Regimes and Foreign Exchange Rate Regimes in Africa written by Leonce Ndikumana and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines capital flows and shifts in capital account and exchange rate regimes in African countries over the past two decades. The evidence shows that official lending to Africa has declined while the volume of private capital flows remains low and significantly below the levels observed in other developing regions. Private capital inflows to Africa are limited due to several factors, including the weakness of the macroeconomic environment, underdeveloped financial systems, high country risk, and exchange rate misalignments. The focus of policy reforms must be on alleviating these constraints in order to attract more foreign capital and overcome the shortage of development financing. Many African countries have pursued reforms aimed at liberalizing their capital account and exchange rate regimes. However, liberalization has not been accompanied by systematic gains income growth, price stability, and trade performance. African countries must pay serious attention to the scope, speed, and sequencing of capital account liberalization to minimize potential adverse effects of openness. It is desirable for countries to maintain selective discretionary control over capital movements and exchange rate markets in order to hedge against adverse shocks to the economy and to maintain macroeconomic and financial stability. To attract foreign capital, any move toward capital account openness and exchange rate liberalization must be supported by reforms aimed at improving credibility of macroeconomic policy and establishing an investment-friendly environment. These reforms will not only attract foreign capital but also encourage domestic investment. An important aspect of capital movements in Africa is the high level of capital flight. There is an urgent need for policies to stem further hemorrage of capital from Africa and induce the repatriation of private capital held abroad. This will require not only improvement of the macroeconomic conditions to ameliorate incentives for domestic investment, but also reform of the political and legal systems to improve accountability and credibility of economic policy.
Download or read book Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa written by Mr.Edward F. Buffie and published by INTERNATIONAL MONETARY FUND. This book was released on 2004-11-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: We focus on the management of highly persistent shocks to aid flows, including PRSP-related increases in net inflows, in three “post-stabilization.” African economies with de jure flexible exchange rates. Such shocks have beneficent long-run effects, but when currency substitution is high they can produce dramatic macroeconomic management problems in the short run. What is the appropriate mix of money and exchange rate targeting in such cases, and what is the role of temporary sterilization? We analyze these issues in an intertemporal optimizing model that allows a portion of aid to be devoted to reducing the government’s seigniorage requirement. This creates a strong link between official aid flows and private capital flows. When the credibility of policymakers’ commitment to low inflation is firm, some degree of dirty floating, with little or no sterilization of increases in the monetary base, is the most attractive approach in the short run.
Download or read book What Matters for Private Capital Inflows to Sub Saharan Africa written by Moukaila M. B. Salawou and published by . This book was released on 2002 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private Capital Flows and Productivity in Sub Saharan Africa written by Issouf Soumaré and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between foreign capital flows and productivity is still puzzling. We extend the literature on the effect of foreign private capital flows on productivity growth by investigating the effects of the flows across heterogeneous recipient sectors, using a unique hand-collected database of 18 African countries for 2006-2015. We uncover an interesting new finding that the effects of the flows on productivity growth depend on recipient sectors. For example, our new results show that foreign private capital flows to the infrastructure sector have an inverse relationship with productivity growth, which explains the negative relationship between foreign private capital flows and productivity growth documented in the existing literature. Overall, our findings suggest that the capital allocation puzzle is a sectorial capital allocation puzzle.
Download or read book What Factors Appear to Drive Private Capital Flows to Developing Countries written by Dipak Das Gupta and published by World Bank Publications. This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private portfolio flows to a country tend to rise in response to an increase in the current account deficit, a rise in foreign direct investment flows, higher per capita income, and growth performance. The most important determinant of official lending to a developing country seems to be the external current account balance or a change in international reserves in the country.
Download or read book Managing Volatile Capital Flows Experiences and Lessons for Sub Saharan African Frontier Markets written by Cheikh A. Gueye and published by International Monetary Fund. This book was released on 2014-03-26 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investment, portfolio capital flows tend to be more volatile, and thus pose challenges for sub-Saharan African frontier markets. This study examines the evolution of capital flows since 2010 and discusses the policies these countries have designed to reduce risks from the inherent volatility of these flows.
Download or read book The Effect of Private Capital Flows on Economic Growth in South Africa written by Gillian Dzangare and published by . This book was released on 2012 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa written by and published by . This book was released on 2004 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: We focus on the management of highly persistent shocks to aid flows, including PRSPrelated increases in net inflows, in three "post-stabilization." African economies with de jure flexible exchange rates. Such shocks have beneficent long-run effects, but when currency substitution is high they can produce dramatic macroeconomic management problems in the short run. What is the appropriate mix of money and exchange rate targeting in such cases, and what is the role of temporary sterilization? We analyze these issues in an intertemporal optimizing model that allows a portion of aid to be devoted to reducing the government's seigniorage requirement. This creates a strong link between official aid flows and private capital flows. When the credibility of policymakers' commitment to low inflation is firm, some degree of dirty floating, with little or no sterilization of increases in the monetary base, is the most attractive approach in the short run.
Download or read book Financing Africa s Development written by Development Bank of Southern Africa and published by . This book was released on 2003 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private Capital Inflows and Macreconomic Stability in Sub Saharan African Countries written by Miyuki Shibata and published by . This book was released on 1998 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private Capital Inflows and Macroeconomic Stability in Sub Saharan African Countries written by Miyuki Shibata and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Productivity Enhancing Reforms Private Capital Inflows and Real Interest Rates in Africa written by Manoj Atolia and published by . This book was released on 2009 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise in economic growth in some countries of Africa over past two decades, powered mainly by productivity boom, has been associated with large private capital inflows despite poor integration of the African countries with the world capital markets. While these countries lack access to world capital markets, they are nonetheless highly dollarized and allowing for this fact can explain large private capital inflows and other stylized macroeconomic facts associated with the productivity-enhancing reforms in Africa. With a number of African economies poised to reap gains in productivity, as they return to stable and sound political and economic environment, the paper suggests the framework that can be used to understand the macroeconomic implications of and suggest appropriate policy responses to such gains in productivity.
Download or read book Private Finance for Development written by Hilary Devine and published by International Monetary Fund. This book was released on 2021-05-14 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.
