Download or read book The Liberalization of Foreign Exchange Markets and Economic Growth in Sub Saharan Africa written by Nguyuru Haruna Ibrahim Lipumba and published by . This book was released on 1997 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Liberalization of Foreign Exchange Markets & Economic Growth in Sub-Saharan Africa offers an historical rationale for intervention in foreign exchange markets to promote long-term development. It also reviews exchange rate theory & balance of payments management & their application to African countries. The publication is part of the Research for Action series which discusses policy-oriented research on the main strategic issues of development & international cooperation, as well as on the interaction between domestic & global changes.
Download or read book Exchange Rate Liberalization in Selected Sub Saharan African Countries Successes Failures and Lessons written by Mr.Nils Øyvind Mæhle and published by International Monetary Fund. This book was released on 2013-01-31 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many sub-Saharan African (SSA) countries liberalized their economies in the 1980s and early 1990s. This paper reviews the foreign exchange regime reforms in selected SSA, and their associated macroeconomic policies and economic performance during and after these reforms were undertaken. Before liberalization, most of the reviewed countries were characterized by extensive foreign exchange rationing, sizeable black market premiums, and declining per capita real income. Today, the countries that successfully reformed look markedly different. Rationing and parallel market spreads are a distant memory, and per capita income has increased sharply.
Download or read book Trade and Development in Sub Saharan Africa written by J. H. Frimpong-Ansah and published by Manchester University Press. This book was released on 1991 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Results of a research project on "Trade and Development in Sub-Saharan Africa", organized by the Rockefeller Foundation, the Centre for Economic Policy Research and the Commonwealth Secretariat. Papers focus on export performance, the international trade system and the effects of various policies.
Download or read book Stock Market Development in Sub Saharan Africa written by Charles Amo Yartey and published by International Monetary Fund. This book was released on 2007-08 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the economic importance of stock markets in Africa. It discusses policy options for promoting the development of the stock market in Africa. The results of the paper show that the stock markets have contributed to the financing of the growth of large corporations in certain African countries. An econometric investigation of the impact of stock markets on growth in selected African countries, however, finds inconclusive evidence even though stock market value traded seem to be positively and significantly associated with growth. African stock exchanges now face the challenge of integration and need better technical and institutional development to address the problem of low liquidity. Preconditions for successful regional approaches include the harmonization of legislations such as bankruptcy and accounting laws and a liberalized trade regime. Robust electronic trading systems and central depository systems will be important. Further domestic financial liberalization such as steps to improve the legal and accounting framework, private sector credit evaluation capabilities, and public sector regulatory oversight would also be beneficial.
Download or read book Structural Adjustment Policy Sequencing in Sub Saharan Africa written by Neil J. Spooner and published by Food & Agriculture Org.. This book was released on 1991 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Africa written by Ms.Laura Wallace and published by International Monetary Fund. This book was released on 1999-01-11 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sub-Saharan Africa needs much faster economic growth and more effective economic, financial, and social policies if it is to make up for lost ground and reduce the number of people living in abject poverty. Edited by Laura Wallace, this volume presents the proceedings of a May 1998 seminar in Paris, organized jointly by the IMF and the Japanese Ministry of Finance, on ways to accelerate Africa's growth in our increasingly globalized world. Senior African and Asian government officials, representatives from multicultural institutions, donors, academics, and private sector participants gathered to discuss how to improve the private investment environment in African countries and take advantage of globalization's benefits while minimizing its risks, and how to strengthen the contribution of government in areas of capacity building, good governance, effective public resource management, and improved quality and composition of government spending.
Download or read book Black Markets for Foreign Exchange Real Exchange Rates and Inflation written by Brian Pinto and published by World Bank Publications. This book was released on 1988 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation could rise permanently and substantially as a result of unifying official and black market exchange rates, even if real government spending remains constant.
Download or read book Financial Sector Development in Sub Saharan African Countries written by Mr.Peter C. Hayward and published by International Monetary Fund. This book was released on 1998-10-01 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study takes stock of progress made so far in the financial sectors of sub-saharan African countries. It recommends further reforms and specific measures in the areas of supervision, development of monetary operations and financial markets, external sector liberalization, central bank autonomy and accountability, payments system, and central bank accounting and auditing.
Download or read book Trade Exchange Rate and Growth in Sub Saharan Africa written by Jean-Paul Azam and published by Cambridge University Press. This book was released on 2007 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher description
Download or read book Africa written by Ms. Laura Wallace and published by International Monetary Fund. This book was released on 1999-01-11 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sub-Saharan Africa needs much faster economic growth and more effective economic, financial, and social policies if it is to make up for lost ground and reduce the number of people living in abject poverty. Edited by Laura Wallace, this volume presents the proceedings of a May 1998 seminar in Paris, organized jointly by the IMF and the Japanese Ministry of Finance, on ways to accelerate Africa's growth in our increasingly globalized world. Senior African and Asian government officials, representatives from multicultural institutions, donors, academics, and private sector participants gathered to discuss how to improve the private investment environment in African countries and take advantage of globalization's benefits while minimizing its risks, and how to strengthen the contribution of government in areas of capacity building, good governance, effective public resource management, and improved quality and composition of government spending.
Download or read book Structural Adjustment in Sub Saharan Africa written by Robert Lensink and published by Longman Publishing Group. This book was released on 1996 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers an overview of the debate on adjustment programmes financed by the Wold Bank and the IMF in Africa during the 1980s. Compares Africa with several other developing regions. Describes the structure of the World Bank and the IMF, and their credit facilities for financing adjustments.
Download or read book Policies for Export Growth and Economic Development written by Michael I. Obadan and published by . This book was released on 1994 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Efficient Market Hypothesis in Africa s Sub Saharan Stock Markets written by Sebastian Groh and published by GRIN Verlag. This book was released on 2009-10-02 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2009 in the subject Economics - Case Scenarios, grade: 1,3, University of Mannheim (Lehrstuhl für Volkswirtschaftslehre, insbes. Ökonometrie), course: Bachelorarbeit, language: English, abstract: In recent years foreign aid was often conditioned on good institutions. Due to this course the development of financial institutions has been considered vital for the development process. This thesis points in its theoretical part to the positive effects of efficient stock markets on economic growth and examines empirically the efficiency of Africa’s sub-Saharan stock markets. Results are then compared with the same tests on four emerging markets in Asia and as a benchmark on S&P 500 and DAX. It discusses further the relationship between market efficiency and financial crisis and comes to the conclusion that a crisis worsens the respective efficiency level. Nevertheless, all African markets are at least able to pass the critical lowest hurdle of market efficiency. However, conclusions from the research propose, that the Asian markets perform better than the African markets, although the study comes to some inconclusive results. Limits to the efficient market hypothesis itself and its empirical analysis are shown throughout the paper. The study suggests that former reforms need to be intensified in order to avoid a further increase in overall income inequalities.
Download or read book African Countries in the World Trading System written by Melaku G. Desta and published by . This book was released on 2015 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article addresses an important and complex subject relating to the link between international law and economic development. There is broad agreement that trade liberalization and participation in foreign markets play an important role in economic development. Countries in Sub-Saharan Africa (SSA) have generally pursued a liberalization route over the past two decades, but their economic performance has been deeply disappointing. In this article, we look at seven countries in the Horn of Africa and examine, from legal and institutional perspectives, the central question of why these countries have failed to translate their comparative advantage, particularly in the livestock sector, into meaningful trade-led economic growth. In order to answer this question, we have reviewed the relevant legal and policy instruments and the literature, visited five of the seven countries, and interviewed different players in the livestock value chain. Analysis of the evidence reveals that the main impediments to trade relate to rising sanitary import requirements in foreign markets and weak institutional capacity within the Horn. The limited technical and financial resources available to these countries also reduce their capacity to meet these standards. Meaningful institutional change requires substantial involvement of local actors and it takes place incrementally and over the long-term. International law can play a role in this process by promoting rule of law and tackling corruption, facilitating capacity building, and encouraging regional integration.
Download or read book Limits of Adjustment in Africa written by Poul Engberg-Pedersen and published by Heinemann Educational Books. This book was released on 1996 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work assesses the effects of the structural adjustment programmes in Africa. It concludes that little development has actually occurred, with a general contraction in per capita economic growth. There has also been a deterioration in the position of the worst-off economic groups.
Download or read book Beyond Economic Liberalization in Africa written by Kidane Mengisteab and published by Zed Books. This book was released on 1995 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Have structural adjustment programmes in Africa largely failed? Ought the World Bank and the IMF to be paying more attention to the particular circumstances of individual countries and to the alternative policies being proposed by the Africans? The contributors to this volume assert both positions. Case studies of education, health, public services and import-export performance demonstrate the frequent lack of success of structural adjustment. These are followed by alternative approaches to overcoming Africa's economic and human crises, including the importance of democracy in securing responsiveness of state policy to public needs, the structural advantages of regional integration, sustainable development strategies that build on the continent's resource base, and a new partnership between state and market.
Download or read book Globalization and Africa s Economic Development written by Nigerian Economic Society. Conference and published by . This book was released on 2004 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt:
