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2 edition of Policy responses to external shocks in sub-Saharan African countries found in the catalog.

Policy responses to external shocks in sub-Saharan African countries

Bela Balassa

Policy responses to external shocks in sub-Saharan African countries

by Bela Balassa

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  • 13 Currently reading

Published by World Bank in [s.l.] .
Written in English


Edition Notes

DRD 42.

StatementBela Balassa.
SeriesDiscussion paper / Development Research Department -- no.42
ContributionsWorld Bank. Development Research Department.
ID Numbers
Open LibraryOL19656736M

A qualitative analytical framework, policy discourse analysis, is applied to understand the prevalence of youth-targeting in national policies related to employment. Forty-seven policies from 13 Sub-Saharan African countries promulgated in to were selected for the evaluation, based on their direct or indirect relevance to youth employment via themes of development, rural. Sub-Saharan Africa has the youngest population of any region of the world, and that growing working-age population represents a major opportunity to reduce poverty and increase shared prosperity. But the region’s workforce is the least skilled in the world, constraining economic prospects.5/5.

As indicated in Table 7, both price levels and price stability vary markedly in the study countries, reflecting the combined effects of differing market structure, external shocks and policy responses. Large scale food market interventions and long term increases in production have resulted in long-term declines in the price of food in India to Cited by: Home > Policy Research Working Papers > What Happens When a Country Does Not Adjust to Terms of Trade Shocks?

  Drought is the major risk in rainfed agriculture (World Bank ; Burke et al. ) – amounting to 83 % of all the risks in sub-Saharan African agriculture and bringing about 40 % of economic damages to smallholders (Burke et al. ).However, the omnipresence of drought in sub-Saharan African agriculture implies that weather index insurance does not come into a by: Get this from a library! Regional economic outlook: Sub-Saharan Africa: weathering the storm. [International Monetary Fund.] -- Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international.


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Policy responses to external shocks in sub-Saharan African countries by Bela Balassa Download PDF EPUB FB2

Economic Growth and Economic Consequences of External Shocks in Sub-Saharan Africa: Introduction. Article (PDF Available) in Journal of African Economies 5(3) February with 81 Reads. Overseas Development Assistance to Sub-Saharan African countries declined in in real terms).

Because African LICs traditionally ha ve had limited access to externalAuthor: Chandana Kularatne. "Policy responses to external shocks in sub-Saharan African countries," Journal of Policy Modeling, Elsevier, vol. 5(1), pagesMarch. Rattso, Jorn & Torvik, Ragnar, " Zimbabwean Trade Liberalisation: Ex Post Evaluation," Cambridge Journal of Economics, Oxford University Press, vol.

22(3), pagesMay. Monetary policy in sub-Sahara Africa (SSA) has undergone an important transformation in recent decades. With the advent of sustained growth and generally stable fiscal policies in much of the region, many countries are now working to modernize their monetary policy frameworks.

This book provides a comprehensive view of the many monetary policy issues in sub-Saharan Africa. Downloadable. This paper addresses the debate in the literature on how developing countries are affected by foreign monetary policy shocks.

I analyze how contractionary monetary policy shocks originating in different regions, specifically the Euro Area (“EU”) and United States (“US”), affect a set of rarely investigated sub-Saharan African (“SSA”) countries.

Mozambique is an economic success story in sub-Saharan Africa (SSA). Its remarkable achievements offer valuable lessons to other low-income countries in a post-stabilization economic phase, including how they can efficiently manage a scaling up of foreign aid aimed at poverty reduction.

Of special interest to other sub-Saharan countries are the book's discussions of Mozambique's progress. Again, policy was a driver of growth despite external conditions.

Sub-Saharan Africa will remain dependent on external fluctuations for the foreseeable future, but policy should remain a key measure of how hard an economy will be hit.

Stronger institutions will be better placed to make quicker shifts to mitigate external shocks. Balassa, B., ‘Policy Responses to External Shocks in Sub-Saharan African Countries’, Journal of Policy Modelling, Vol.5, No. 1, March Google Scholar Commonwealth Secretariat, Towards a New Bretton Woods, Challenges For the World Financial and Trading System (London: Longman, ).Cited by: This paper investigates the impacts and responses of macroeconomic shocks in some domestic economies in Sub-Saharan Africa over the period ; more specifically, it seeks to answer the question of whether there are any systematic differences in the responses of the CFA franc zones and the non-CFA franc zone countries to macroeconomic shocks.

Conclusive evidence shows poor economic performance by resource-rich but fragile Sub-Saharan African countries. The primary reason is not only their high vulnerability to external shocks, but the greed or grievances that typically lead to rents appropriation by a small.

The Quality of Growth in Africa. Edited by Joseph Stiglitz, Ravi Kanbur, and Akbar Noman, his volume brings together prominent international contributors to consider a range of interrelated questions concerning the quality of growth in Africa, with a primary focus on sub-Saharan countries.

The 48 countries of the region are also extremely varied, both in size and economic history, with many small countries and giants such as Nigeria. This article aims to provide an overview of the economic history of sub-Saharan Africa since independence (around for most countries).

Strong shocks will also affect Sub-Saharan Africa where one out of twenty workers belongs to the tourism sector: a recent study from the African Union estimates that the tourism and travel sector in Africa could lose at least $50 billion due to the pandemic outbreak and at least 2 million direct and indirect jobs, with devastating effects for.

Wim Naudé External shocks can have devastating consequences for development, as the recent earthquake in Haiti, the Asian Tsunami of and other natural disasters in recent times have made clear. But man-made disasters also occur with regular frequency, the most recent financial crisis which broke out in the USA in September a case in point.

There have been more than one hundred. Read "Regional Economic Outlook: Sub-Saharan Africa, October " by International Monetary Fund. African Dept.

available from Rakuten Kobo. Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and som Brand: INTERNATIONAL MONETARY FUND.

Particularly in Africa, the implications of international constraints for the conduct of economic policy is a topical issue. This topicality is due to the fact that although economic openness generally offers an opportunity for gains from international trade and capital flows, it has remained a major source of shocks to African by: 1.

Opening the seminar, IMF African Department Deputy Director Anne-Marie Gulde-Wolf noted that while sub-Saharan Africa remains the second fastest–growing region in the world, the small middle-income countries are among the slowest growing in the region, and there are significant downside risks to this outlook.

Empowering Women provides compelling evidence from 47 Sub-Saharan African countries that gender gaps in legal capacity and property rights need to be addressed--in terms of substance, enforcement, awareness, and access—if economic opportunities for women in Sub-Saharan Africa are to continue to expand.

Published: October iv The Making of Economic Policy in Africa Indices of External Financial Disequilibrium, 10 Indices of Internal Financial Disequilibrium, 11 Extent of Economic and Financial Crisis, s 12 Magnitude of Exogenous Shocks 13 Characteristics of the Public Sector, s As emphasised by the IMF (a), most Sub-Saharan African countries have almost consecutively suffered fuel, food and financial (3F) average rate of growth, low in the s and s, the so-called “lost decades”, has increased since (see Table 1), inducing an improvement in Millennium Development Goals (MDGs) even in some fragile contries.

11 Most recent estimates put Cited by:. Sub-Saharan African (SSA) countries have seen a shortfall of $ billion or $ billion per country in financing due to the meltdown as international financiers and investors kept away.The authors develop a dynamic stochastic general equilibrium (DSGE) model with a banking sector to analyse the impact of the financial crisis in developing countries and the role of the monetary policy response, with an application to Zambia.

The crisis is interpreted as a combination of three related shocks: a worsening in the terms of the trade, an increase in the country’s risk premium Author: Alfredo Baldini."Developing Country Exchange Rate Policy Responses to Exogenous Shocks," American Economic Review, May "Exchange Rate Policies of Developing Countries in the Context of External Shocks," Pakistan Development Review, Autumn "The Framework and Practice of Islamic Banking" (with A.

Mirakhor), Finance & Development, September