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When are fiscal deficits inflationary in low-income countries?
Bleaney, Michael F.; Morozumi, Atsuyoshi; Mumuni, Zakari - 2020
Previous research has found that the relationship between fiscal deficits and inflation is conditional on income levels: deficits tend to be inflationary in developing countries but not in advanced economies. We show that within low-income countries (LICs) the relationship is again conditional:...
Persistent link: https://www.econbiz.de/10012177168
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Fiscal Space for Social Protection and the SDGs : Options to Expand Social Investments in 187 Countries
Ortiz, Isabel; Cummins, Matthew; Karunanethy, Kalaivani - 2017
It is often argued that social protection is not affordable or that government expenditure cuts are inevitable during adjustment periods. But there are alternatives, even in the poorest countries. This working paper offers eight options that should be explored to expand fiscal space and generate...
Persistent link: https://www.econbiz.de/10014036131
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Fiscal policy design in low-income countries
Adam, Christopher S.; Bevan, David L. - 2001
For many low-income countries, there has been an extended period in which fiscal policy was not a choice, or was a choice made by authorities external to the country. For a number of them, this situation is now changing. Their own success in stabilising the economy, coupled with a shift in the...
Persistent link: https://www.econbiz.de/10010279020
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Macroeconomics of fiscal policy in developing countries
Jha, Raghbendra - 2001
This paper considers some aspects of the effects of fiscal policy on macroeconomic adjustment in developing countries. First, the paper reviews the notion of the fiscal deficit in the particular context of developing countries. It then spells out the conditions under which the internal and...
Persistent link: https://www.econbiz.de/10010279299
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Banks' holdings of government securities and credit to the private sector in emerging market and developing economies
Bouis, Romain - 2019
This paper studies the relationship between banks' holdings of domestic sovereign securities and credit growth to the private sector in emerging market and developing economies. Higher banks' holdings of government debt are associated with a lower credit growth to the private sector and with a...
Persistent link: https://www.econbiz.de/10012122692
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Changes in the Effects of Bank Lending Shocks and Development of Public Debt Markets
Choi, Sangyup - 2019
This paper investigates whether the effect of bank lending shocks has changed over time using a sign-restriction Vector … Autoregression approach. To the extent to which the effect of bank lending shocks depends critically on firms' ability to access …. Indeed, we confirm that the effect of bank lending shocks on output has decreased significantly since the 1980s. Consistent …
Persistent link: https://www.econbiz.de/10012871078
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Monetary Policies and Bank Lending in Developing Countries : Evidence from Sub-Sahara Africa
Modugu, Kennedy Prince; Dempere, Juan - 2022
Purpose – The purpose of this paper is to examine monetary policies and bank lending in the emerging economies of Sub … – The findings show that expansionary monetary policy such as an increase in money supply stimulates bank lending, while … weak effect due to possible underdevelopment of financial markets, institutional constraints, bank concentration and other …
Persistent link: https://www.econbiz.de/10014238206
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Elections, economic development and debt servicing in Africa
Quaicoe, Serebour - In: Cogent economics & finance 11 (2023) 1, pp. 1-20
. Using data drawn from the World Bank's World Development Indicators over the period 1985-2015 for 43 African countries, the …
Persistent link: https://www.econbiz.de/10014500527
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Public Investment and Economic Performance in Highly Indebted Poor Countries : An Empirical Assessment
Belloc, Marianna; Vertova, Pietro - 2005
Understanding how public investment affects economic performance in highly indebted low-income countries is crucial in order to implement effective fiscal policies for adjustment with growth. In this paper we provide an empirical analysis to investigate the relationship between public...
Persistent link: https://www.econbiz.de/10014063247
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Deficit Financing and its Inflationary Impact on Developing Economies : Nigerian Economy in Perspective
Patience, A. Isenmila - 2008
Deficit financing seems to present a positive inflationary impact on developing economies particularly Nigeria. When there is a budget deficit, government finds ways of financing the deficit through borrowing from commercial and merchant banks or from the non-banking public and through the issue...
Persistent link: https://www.econbiz.de/10012770286