This paper assesses the role that bank segmentation plays in the efficiency of the interbank market and the extent to which segmentation and inefficiency of the interbank market impedes the effectiveness of monetary policy. Using a unique (not public) Kenyan daily dataset for the period June...

The objective of this study is to understand the relative importance of Agriculture, Textile and Diamond sectors in Lesotho by examining their growth and istributional impact.The results show that agriculture and textiles are important as key sectors of the economy. These sectors are highly...

African development finance institutions (DFIs) can play an important role in addressing market failures in credit markets. However, in spite of their importance, very little is known about them. This paper contributes to fill this gap by assessing the compliance of African DFIs with...

Understanding the effect of oil wealth on democracy is important. National democratic institutions provide a check on governmental power and thereby limit the potential of public officials to amass personal wealth and to carry out unpopular policies. Democracy promotion has thus been at the top...

We develop a global vector autoregressive model (GVAR) to analyze the globalgrowth spillover e¤ects on Africa. The model contains 46 African countries and30 developed and emerging market countries, covering 90 percent of the world econ-omy. The results suggest that there is a signi…cant growth...

This paper presents a macroeconometric model of Rwanda. The modelis constructed to analyze the macroeconomic e¤ects of various policy interventions.It captures the supply constrained nature of the economy as well as its dependenceon the external sector. The individual equations of the model are...

Africa has enjoyed over a decade of sustainable growth where regional growth has exceeded the global average and per-capita income for the region is steadily increasing. During the past decade sub-Saharan Africa was home to six of the ten fastest growing economies in the world. However, there...

La présente étude sur la pauvreté en République démocratique du Congo se propose d’analyser la répartition spatiale de la pauvreté afin de pouvoir identifier les provinces qui sont les plus affectées ainsi que le degré de cette disparité. La source principale des données utilisées...

Using data from the Household Poverty Surveys in 2003 and 2010, this paper analyzes characteristics of immigrants in The Gambian labor market. The analysis indicates that immigrants are relatively young, low-skilled (though with skill levels comparable to Gambians) and mainly come from...

This paper attempts to evaluate the impact of the Albanian Development Fund’s (ADF’s) CWP programs on access to infrastructures, welfare and social capital. We use the standard of Heckman and Vytlacil (2001) marginal treatment effects (MTE) approach as recently formalized by of Björklund...