IMF Staff Country Reports

Sierra Leone: Selected Issues and Statistical Appendix

Publication Date:

January 13, 2009

Electronic Access:

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Summary:

This Selected Issues paper describes the monetary transmission mechanism in Sierra Leone. The paper uses a vector autoregression model to explore the links between policy changes by The Bank of Sierra Leone and real variables, such as output and prices. The paper describes Sierra Leone’s economic environment and institutions, and also looks at the main channels of monetary policy transmission commonly identified in the literature. Empirical evidence is presented, along with findings and policy recommendations. The paper also describes developments in the external sector, and assesses competitiveness using survey-based indicators.

Series:

Country Report No. 2009/012

Subject:

Balance of payments Current account Current account balance Exchange rates Financial institutions Foreign exchange Real effective exchange rates Treasury bills and bonds

Frequency:

Monthly