This Selected Issues paper on Kenya reviews Kenya’s external stability in a context where the exchange rate has strengthened and capital inflows are playing an increasingly important role. Kenya’s external current account deficit has widened, reflecting strong import volumes as...

Spillovers from South Africa into the other members of the Souther Africa Customs Union (known as the BLNS for Botstwana, Lesotho, Namibia, and Swaziland) are substantial reflecting sizeable real and financial interlinkages. However, shocks to real GDP growth in South Africa do not seem to...

В статье рассматриваются перспективные тенденции использования наземных и водных биологических ресурсов Тихоокеанской России в контексте перспектив развития...

Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some base metals. In contrast, shocks to apparent commodity-specific consumption (in part reflecting inventory demand) have no effect on commodity prices. China’s impact on...

В статье рассмотрены особенности европейского и отече­ственного рынков аудиторско-консалтинговых услуг, проана­лизированы и обобщены этапы развития...

Republic of Macedonia has strong both comparative and competitive advantages in the agri-industrial complex; a situation rarely seen in other sectors of the national economy. Therefore, basic strategic objective of the sector’s stakeholders should be the export expansion of foodstufs. The...

The experience of developing countries over 1990-2010 indicates that commodity prices have a significant impact on fiscal outcomes. Both revenue and expenditure rise in response to commodity (import or export) price increases; the response of the fiscal deficit is ambiguous. A floating exchange...