Search Results - subject:"black market premium"

The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries

Behar, Alberto - International Monetary Fund (IMF) - 2013

This paper draws on existing empirical literature and an original theoretical model to argue that globalization and skill supply affect the extent to which technology adoption in developing countries favors skilled workers. Developing countries are experiencing technical change that is...

Persistent link: https://www.econbiz.de/10010790338

The Economic Impact of IMF-Supported Programs in Low-Income Countries

Bal-Gunduz, Yasemin; Ebeke, Christian; Hacibedel, Burcu; … - International Monetary Fund (IMF) - 2013

This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the...

Persistent link: https://www.econbiz.de/10010790497

Exogenous Shocks and Growth Crises in Low-Income Countries; A Vulnerability Index

Dabla-Norris, Era; Bal-Gunduz, Yasemin - International Monetary Fund (IMF) - 2012

This paper develops a new index which provides early warning signals of a growth crisis in the event of large external shocks in low-income countries. Multivariate regression analysis and a univariate signaling approach are used to map information from a parsimonious set of underlying policy,...

Persistent link: https://www.econbiz.de/10011242226

External Performance in Low-Income Countries

Prati, Alessandro; Ricci, Luca Antonio; Christiansen, … - International Monetary Fund (IMF) - 2011

Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and...

Persistent link: https://www.econbiz.de/10010790491

Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks

Bal-Gunduz, Yasemin - International Monetary Fund (IMF) - 2009

This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy and exogenous shocks. Various economic variables including reserve coverage, current account balance to GDP, real GDP growth, macroeconomic stability, and terms of trade shocks...

Persistent link: https://www.econbiz.de/10008497612

Beyond Macroeconomic Stability; The Quest for Industrialization in Uganda

Selassie, Abebe Aemro - International Monetary Fund (IMF) - 2008

Uganda has registered one of the most impressive economic turnarounds of recent decades. The amelioration of conflict and wide ranging economic reforms kick-started rapid economic growth that has now been sustained for some 20 years. But there is a strong sense in policy making circles that...

Persistent link: https://www.econbiz.de/10005248159

Foreign direct investment, growth and local financial markets: new evidence from Pakistan

Nasreen, Samia; Anwar, Sofia - In: International Journal of Economics and Business Research 7 (2014) 3, pp. 336-348

The objective of the present study is to examine the role of local financial markets in describing the relationship between foreign direct investment (FDI) and economic growth in Pakistan. For this purpose, the study uses annual data for the period 1973-2011. Empirical analysis is based on...

Persistent link: https://www.econbiz.de/10010760046

Foreign direct investment, growth and local financial markets : new evidence from Pakistan

Nasreen, Samia; Anwar, Sofia - In: International journal of economics and business research 7 (2014) 3, pp. 336-348

Persistent link: https://www.econbiz.de/10010409322

The Prospects for Sustained Growth in Africa; Benchmarking the Constraints

Subramanian, Arvind; Ostry, Jonathan David; Johnson, Simon - International Monetary Fund (IMF) - 2007

A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa. This analysis...

Persistent link: https://www.econbiz.de/10005768847

Zimbabwe’s Black Market for Foreign Exchange

Makochekanwa, Albert - Department of Economics, Faculty of Economic and … - 2007

This paper looks into the changes of the black market premium for foreign exchange in Zimbabwe. Generally, the black … Granger causes the parallel exchange rate. Estimated results reveal that the determinants of the black market premium are … international foreign reserves, real exchange rate, lagged values of the black market premium, expected rate of devaluation, money …

Persistent link: https://www.econbiz.de/10005773213