aid inflow and the real efective exchange rate in tanzania
Author:
Publisher: World Bank Publications
Published:
Total Pages: 48
ISBN-13:
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When and Why Worry About Real Exchange Rate Appreciation? The Missing Link Between Dutch Disease and Growth
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2010-12-01
Total Pages: 34
ISBN-13: 1455210781
DOWNLOAD EBOOKWe review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real exchange rate, generate factor reallocation, and reduce manufacturing output and net exports. We also observe that real exchange rate misalignment due to overvaluation and higher volatility of the real exchange rate lower growth. Regarding the effect of undervaluation of the exchange rate on economic growth, the evidence is mixed and inconclusive. However, there is no evidence in the literature that Dutch disease reduces overall economic growth. Policy responses should aim at adequately managing the boom and the risks associated with it.
Governing Cotton
Author: A. Sneyd
Publisher: Springer
Published: 2011-01-28
Total Pages: 253
ISBN-13: 0230299458
DOWNLOAD EBOOKThis book traces the historic relationships between cotton production, the international cotton trade and poverty south of the Sahara, and assesses various approaches to corporate social responsibility and nongovernmental policy advocacy in this area.
Aid Inflows - The Role of the Fund and Operational Issues for Program Design - Background Paper
Author: International Monetary Fund. Policy Development and Review Dept.
Publisher: International Monetary Fund
Published: 2007-06-14
Total Pages: 61
ISBN-13: 1498333524
DOWNLOAD EBOOKThis paper contains background material to the Board paper on "Aid Inflows— The Role of the Fund and Operational Issues for Program Design." The main paper draws operational implications for program design of increased and volatile aid inflows, based on selected case studies (Annex I) and a review of program conditionality (Annex II). It also uses findings on recent developments in official donor assistance (ODA) and meeting the Millennium Development Goals (MDGs) (Annex III).
The Macroeconomics of Managing Increased Aid Inflows - Experiences of Low-Income Countries and Policy Implications
Author: International Monetary Fund. Policy Development and Review Dept.
Publisher: International Monetary Fund
Published: 2005-08-08
Total Pages: 67
ISBN-13: 1498331254
DOWNLOAD EBOOKInvestigates the macroeconomic challenges for low-income countries created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, and then applies this framework to the experience of five relatively well-governed countries that experienced a recent surge in aid inflows: Ethiopia, Ghana, Mozambique, Tanzania, and Uganda. Each country’s policies were supported by a PRGF arrangement during most of the period under review.
Sustaining and Sharing Economic Growth in Tanzania
Author: Robert J. Utz
Publisher: World Bank Publications
Published: 2008
Total Pages: 368
ISBN-13: 0821371967
DOWNLOAD EBOOKFar reaching macro-economic and structural reforms combined with increases in government spending have been the primary drivers of Tanzania's growth acceleration. As growth in government spending slows, the locomotive for growth will need to shift to increased demand for exports and domestically produced goods, requiring Tanzania to strengthen substantially its international competitiveness, accelerate structural change, and safeguard the environment while maintaining macroeconomic stability. For Tanzania's poor to be able to participate and benefit from important growth, a greater focus on rural development, improved governance of the management of Tanzania's natural resources, and better targeting of social services to the poor is suggested. Successful design and implementation of a shared growth strategy will also require a strengthening of policy management and coordination in Tanzania to ensure that scarce human and financial resources are effectively deployed.
Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate
Author: Mr.Tidiane Kinda
Publisher: International Monetary Fund
Published: 2011-01-01
Total Pages: 35
ISBN-13: 1455211877
DOWNLOAD EBOOKThis paper analyzes the impact of capital inflows and exchange rate flexibility on the real exchange rate in developing countries based on panel cointegration techniques. The results show that public and private flows are associated with a real exchange rate appreciation. Among private flows, portfolio investment has the highest appreciation effect-almost seven times that of foreign direct investment or bank loans-and private transfers have the lowest effect. Using a de facto measure of exchange rate flexibility, we find that a more flexible exchange rate helps to dampen appreciation of the real exchange rate stemming from capital inflows.
Grants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries
Author: Brett Rayner
Publisher: International Monetary Fund
Published: 2009-04
Total Pages: 30
ISBN-13:
DOWNLOAD EBOOKDuring the 1980s and early 1990s many Sub-Saharan African (SSA) countries undertook reforms to promote financial sector deepening. Nevertheless, financial sectors in SSA countries remain among the shallowest in the world and, within Sub-Saharan Africa, financial depth in the CFA franc zone is even more limited. This paper sets out to investigate empirically factors that may explain why financial depth in the CFA franc zone is shallower than in the rest of SSA using panel data for a sample of 40 countries for 1992-2006. The results indicate that the gap in financial development between the CFA franc zone countries and the rest of SSA can be explained by differences in institutional quality (e.g., availability of credit information, and strength and enforcement of property rights), variables that policy makers can influence.
Burundi
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2012-08-06
Total Pages: 101
ISBN-13: 1475505019
DOWNLOAD EBOOKThis 2012 Article IV Consultation highlights that despite a difficult economic and social context, Burundi has made steady, though uneven, progress in implementing its Extended Credit Facility (ECF)-supported economic reforms. Real GDP growth is estimated to have increased to 4.2 percent in 2011. The medium-term macroeconomic outlook is challenging. Risks emanate from a delicate social situation given persistent shocks and the high cost of living. Executive Directors have emphasized the importance of pursuing public financial management reforms to foster greater transparency and accountability, and to strengthen institutional capacity.
The First Annual Conference of Economic Forum of Entrepreneurship & International Business
Author: Ghada Gomaa A. Mohamed
Publisher: Dr. Ghada Mohamed
Published: 2011-04-17
Total Pages: 417
ISBN-13:
DOWNLOAD EBOOKThe First Annual Conference of Economic Forum of Entrepreneurship & International Business Organized by Dr. Ghada Gomaa A. Mohamed Conference venue: Triumph Hotel, Heliopolis, Cairo, Egypt Conference proceeding: Library & Archive Canada Conference date: April 14th – April 17th, 2011 Edited by: Dr. Ghada Mohamed Dr. Morrison Handley-Schachler https://epe.lac-bac.gc.ca/100/201/300/annual_conference_economic/v01.pdf
