We undertake a quantitative analysis of the dispersion of current accounts in an open economy version of incomplete insurance model, incorporating important market frictions in trade and financial flows. Calibrated...
The crucial challenge facing policy makers in government and the multilateral agencies is that of framing a new industrial strategy for sub-Saharan Africa in the 21st century. Whatever its limit...
This chapter argues that regional arrangements can be an important strategic and practical vehicle to help African countries to integrate themselves into the world economy and to take advantage of globalizat...
The financial sector continues to deepen and broaden in many small middle-income countries (SMICs) in sub-Saharan Africa, with global regulatory reform providing input for national regulatory settings. Altho...
This paper reviews the influence of the tropical climate on economic development. The paper highlights that the effect of climate is clearly not the only ruling constraint on economic development. It is claimed tha...
Financial Development in Sub-Saharan Africa...
The Southern African Customs Union (SACU) is facing its biggest challenge in its 100 years of existence. The global economic crisis has significantly reduced its revenue outlook, which is having a disproportionate...
A container harbor in Saint Lucia, Castries A worker ventilates grain at a farm in southern Russia...
Poverty and inequality in Sub-Saharan Africa (SSA) should not be ascertained only on the basis of scarce and unreliable income distribution statistics, but should also take into account social conditions. Recent, w...
Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies whether financial globalization has helped induce governments to pursue better macroeconomic policies...
