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Regional Economic Outlook Sub Saharan Africa Resilience and Risks Oct 10 1st Edition by International Monetary Fund ISBN 1589069498 9781589069497

  • SKU: BELL-2022576
Regional Economic Outlook Sub Saharan Africa Resilience and Risks Oct 10 1st Edition by International Monetary Fund ISBN 1589069498 9781589069497
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Regional Economic Outlook Sub Saharan Africa Resilience and Risks Oct 10 1st Edition by International Monetary Fund ISBN 1589069498 9781589069497 instant download after payment.

Publisher: International Monetary Fund,
File Extension: PDF
File size: 2.34 MB
Pages: 117
Author: International Monetary Fund
ISBN: 9781589069497, 1589069498
Language: English
Year: 2010

Product desciption

Regional Economic Outlook Sub Saharan Africa Resilience and Risks Oct 10 1st Edition by International Monetary Fund ISBN 1589069498 9781589069497 by International Monetary Fund 9781589069497, 1589069498 instant download after payment.

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Product details:

ISBN 10: 1589069498 
ISBN 13: 9781589069497
Author: International Monetary Fund

The October 2010 Regional Economic Outlook features: (i) an overview of economic developments and prospects in sub-Saharan Africa; (ii) an analytical assessment of how monetary policy changes are transmitted through the region's economies; and (iii) a study of why growth rates in the West African Economic and Monetary Union (WAEMU) have lagged behind other parts of sub-Saharan Africa. The overview highlights the broad-based economic recovery that is now under way in sub-Saharan Africa and projects growth of 5 percent in 2010 and 5.5 percent in 2011. It explores the resilience of most economies in the region to the global financial crises of 2007-09 and explains why sound economic policy implementation and a growing orientation of trade toward Emerging Asia are expected to continue to underpin growth. The second chapter provides evidence suggesting that monetary policy may have more power to influence monetary conditions than previously assumed. Main messages from the WAEMU study are the importance of strong policy environments and political stability for achieving sustained growth; and of robust fiscal frameworks for directing resources towards priority spending needs.

Regional Economic Outlook Sub Saharan Africa Resilience and Risks Oct 10 1st Table of contents:

  • Chapter 1: Resilience and Risks

    • Introduction
    • What Are the Prospects for a Sustained Recovery in Sub-Saharan Africa?
      • Box 1.1: What Are the Prospects and Challenges in the Five Largest Economies?
      • Box 1.2: How Can the Region's Five Weakest Growth Performers Sustain Recovery?
      • Box 1.3: National Elections and Economic Activity: Are There Political Business Cycles in Sub-Saharan Africa?
    • What Explains Sub-Saharan Africa's Resilience?
    • What Is the Legacy of the Global Financial Crisis and What Are the Policy Priorities Now?
  • Chapter 2: Monetary Policy Effectiveness in Sub-Saharan Africa

    • Introduction and Summary
    • Recent Shocks and the Policy Response
    • How Did Monetary Policy Affect Macroeconomic Performance?
      • Box 2.1: Classification of Exchange Rate Regimes
      • Box 2.2: Empirical Evidence on the Credit and Interest Rate Channels in Sub-Saharan Africa
      • Box 2.3: A Model-Based Analysis of Monetary Policy in Low-Income Countries during the Crisis: The Case of Zambia
      • Box 2.4: Financial Development and Other Factors Affecting Monetary Transmission
    • Looking Forward
  • Chapter 3: The Quest for Higher Growth in the West African Economic and Monetary Union (WAEMU) and Implications for Fiscal Policy

    • Introduction and Summary
    • Recent Growth Performance
      • Box 3.1: Benchmarking Good Performance
      • Box 3.2: Defining Growth Accelerations and Decelerations
    • Determinants of Growth in the WAEMU
    • Macroeconomic Policy in the WAEMU: The Role of Fiscal Policy
      • Box 3.3: Improving Nonprice Competitiveness: Lessons from Mauritius
      • Box 3.4: Overcoming Infrastructure Bottlenecks in the WAEMU
    • Conclusion and Policy Implications

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Tags: International Monetary Fund, Regional, Economic

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