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Working Paper
Interdependencies between Monetary Policy and Foreign Exchange Intervention under Inflation Targeting: The Case of Brazil and the Czech RepublicThe bulk of recent literature on foreign exchange interventions has overlooked the potential interdependencies that may exist between these operations and the conduct of monetary policy...
Central banking Foreign exchange Monetary policyWorking Paper
Gearing Macroeconomic Policies to Manage Large Inflows of ODA: The Implications for HIV/AIDS ProgrammesThis paper examines how macroeconomic policies can be managed to accommodate a large inflow of foreign aid to combat the HIV/AIDS epidemic and still maintain macroeconomic stability...
Central banking Economic assistance and foreign aid Economic policyBook Chapter
Central Banks as Agents of Economic DevelopmentFrom the book: Institutional Change and Economic Development
Central banking Economic development FinanceWorking Paper
Development of Financial Intermediation and the Dynamics of Rural-Urban Inequality: China, 1978-98Using China as a test case, this paper empirically investigates how the development of financial intermediation affects rural-urban income disparity (RUID)...
Central banking Equity HousingWorking Paper
Central Banks as Agents of Economic DevelopmentIn the last two decades, there has been a global sea change in the theory and practice of central banking...
Central banking Economic development FinancePolicy Brief
Zone Franc: L’Expérience Africaine Peut-Elle Inspirer la Banque Centrale EuropéenneLes 14 pays membres de la zone franc en Afrique de l'Ouest et en Afrique centrale constituent - avec plusieurs décennies d'avance sur l'Union monétaire européenne - la plus importante union monétaire de l'h...
Central banking Institutional economics MacroeconomicsPolicy Brief
What Can the European Central Bank Learn from Africa?The 14-member Franc Zone in West and Central Africa represents the largest monetary union in the southern hemisphere, predating the European Monetary Union by decades...
Central banking Institutional economics MacroeconomicsBook Chapter
Monetary Policy in the Franc Zone: Country-Level Credit PolicyFrom the book: Macroeconomic Policy in the Franc Zone
Central banking Econometrics InflationBook Chapter
Estimating an Interest Rate Reaction Function for the BCEAOFrom the book: Macroeconomic Policy in the Franc Zone
Central banking Econometric models InflationBook Chapter
IntroductionFrom the book: Macroeconomic Policy in the Franc Zone
Central banking Fiscal policy CFA FrancJournal Article
What Determines Monetary Policy in the Franc Zone?: Estimating a Reaction Function for the BCEAOPart of Journal Special Issue The CFA Franc Zone 10 Years After Devaluation
Central banking Econometric models InflationWorking Paper
Monetary Policy in the Franc Zone: Estimating Interest Rate Rules for the BCEAOThis paper examines to what extent the central bank for the West African Economic and Monetary Union (BCEAO) has used interest rate policy in response to domestic economic developments...
Central banking Econometric models InflationWorking Paper
Monetary Policy in the CFA Zone: Country-level Credit PolicyThis paper examines whether the BCEAO has made use of the various policy instruments at its disposal for steering credit in the individual CFA zone member countries to complement interest rate policy at the zone level...
Central banking Econometrics InflationWorking Paper
The Costs and Benefits Analysis of CFA Membership: The Choice of an Exchange Rate Regime for the CFA Countries ZoneThe paper determines an analytical framework defining the choice of an optimal exchange rate regime for a typical CFA country...
Central banking Foreign exchange Monetary policyBlog
Conflict and Financial Reconstruction
by Tony Addison The last ten years or so have seen 56 major armed conflicts in 44 different locations, most of them civil wars. Different types of conflict have different types of effect on the domestic financial system...
Central banking Conflict management Financial institutionsBook
The Impact of EMU on Europe and the Developing CountriesMuch has been written about EMU, mostly concerning its desirability and whether it will ever come to exist. Now it is here, and likely to stay...
Central banking Foreign exchange International economic relations