## sreo0517-pubs

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### BOOKS AND MONOGRAPHS
- 2017 Women, Work, and Economic Growth: Leveling the Playing Field — Kochhar, Kalpana, Monique Newiak, Sonali Jain-Chandra
- 2016 Building Integrated Economies in West Africa: Lessons in Managing Growth, Inclusiveness and Volatility — Alexei Kireyev
- 2016 Africa on the Move: Unlocking the Potential of Small Middle-Income States — Lamin Leigh, Ali M Mansoor
- 2015 The Quest for Regional Integration in the East African Community: — Drummond, Paulo, S.K. Wajid, Oral Williams
- 2014 The Mystery of Missing Real Spillovers in Southern Africa: Some Facts and Possible Explanations — Basdevant, Olivier, Andrew W. Jonelis, Borislava Mircheva, Slavi T. Slavov
- 2013 Building a Common Future in Southern Africa — Mongardini, Joannes, Tamon Asonuma, Olivier Basdevant, Alfredo Cuevas, Xavier Debrun, Lars Holger Engstrom, Imelda M. Flores Vazquez, Vitaliy Kramarenko, Lamin Leigh, Paul R. Masson, Geneviève Verdier
- 2012 Oil Wealth in Central Africa: Policies for Inclusive Growth — Coorey, Sharmini, and Bernardin Akitoby
- 2009 The Impact of the Global Financial Crisis on Sub-Saharan Africa — African Department
- 2009 Tanzania: The Story of an African Transition — Nord, Roger, Yuri Sobolev, David Dunn, Alejandro Hajdenberg, Niko Hobdari, Samar Maziad, Stéphane Roudet

### DEPARTMENTAL PAPERS
- 16/6 A Work in Progress: Integrating Markets for Goods, Labor, and Capital in the East African Community — Alper, Emre, Fan Yang, Hervé Joly, Jemma Dridi, and Wenjie Chen
- 16/5 Financial Development in Sub-Saharan Africa: Promoting Inclusive and Sustainable Growth — Montfort Mlachila, Larry Cui, Ahmat Jidoud, Monique Newiak, Bozena Radzewicz-Bak, Misa Takebe, Yanmin Ye, and Jiayi Zhang
- 16/4 Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries — Tetsuya Konuki, Mauricio Villafuerte
- 16/3 Walking a Find Line: Public Investment Scaling-Up and Debt Sustainability in Burkina Faso — Lonkeng Ngouana, Constant A., Malangu Kabedi-Mbuyi, Mame Astou Diouf
- 16/2 Trade Integration and Global Value Chains in Sub-Saharan Africa: In Pursuit of the Missing Link — Céline Allard, Jorge Iván Canales Kriljenko, Jesus Gonzalez-Garcia, Emmanouil Kitsios, Juan P. Trevino, Wenjie Chen
- 16/1 Make Investment Scaling-up Work in Benin: A Macro-Fiscal Analysis — Barhoumi, Karim, Larry Cui, Christine Dieterich, Nicolas End, Matteo Ghilardi, Alexander Raabe, Sergio Sola
- 15/10 Strengthening the West African Economic and Monetary Union: The Role of Fiscal and Market Institutions in Economic Stabilization — Basdevant, Olivier, Patrick A. Imam, Tidiane Kinda, Aleksandra Zdzienicka
- 15/8 Evolving Banking Trends in Sub-Saharan Africa: Key Features and Challenges — Mecagni, Mauro, Daniela Marchettini, Rodolfo Maino
- 15/7 Monitoring and Managing Fiscal Risks in the East African Community — Mauro, Paolo, Herve Joly, Ari Aisen, Emre Alper, François Boutin-Dufresne, Jemma Dridi, Nikoloz Gigineishvili, Tom Josephs, Clara Mira, Vimal V Thakoor, Alun H. Thomas, Fan Yang
- 15/6 Toward a Monetary Union in the East African Community: Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms — Drummond, Paulo, Ari Aisen, C. Emre Alper, Ejona Fuli, and Sebastien Walker
- 15/5 Building Resilience in Sub-Saharan Africa’s Fragile States — Gelbard, Enrique, Corinne Délechat, Ejona Fuly, Mumtaz Hussain, Ulrich Jacoby, Dafina Mulaj, Marco Pani, Gustavo Ramirez, Rui Xu
- 15/4 Dollarization in Sub-Saharan Africa: Experiences and Lessons — Mecagni, Mauro, Juan S Corrales, Jemma Dridi, Rodrigo Garcia-Verdu, Patrick A. Imam, Justin Matz, Carla Macario, Rodolfo Maino, Yibin Mu, Ashwin Moheeput, Futoshi Narita, Marco Pani, Manuel Rosales, Sebastian Weber, Etienne B. Yehoue

### REGIONAL ECONOMIC OUTLOOK: SUB-SAHARAN AFRICA (SELECTED DEPARTMENTAL PAPERS)
- 15/3 Pan-African Banking: Opportunities and Challenges for Cross-Border Oversight — Enoch, Charles, Paul Henri Mathieu, Mauro Mecagni, Jorge Iván Canales Kriljenko
- 15/2 Sustaining More Inclusive Growth in the Republic of Congo — Hakura, Dalia, Adrian Alter, Matteo Ghilardi, Rodolfo Maino, Cameron McLoughlin, Maximilien Queyranne
- 15/1 Making Senegal a Hub for West Africa: Reforming the State, Building to the Future — Kireyev, Alexei, Ali M. Mansoor
- 14/4 Mozambique Rising: Building a New Tomorrow — Ross, Doris C., Victor Duarte Lledo, Alex Segura-Ubiergo, Yuan Xiao, Iyabo Masha, Alun H. Thomas, Keiichiro Inui
- 14/3 The Mystery of Missing Real Spillovers in Southern Africa: Some Facts and Possible Explanations — Basdevant, Olivier, Andrew W Jonelis, Borislava Mircheva, Slavi T. Slavov
- 14/2 Issuing International Sovereign Bonds: Opportunities and Challenges for Sub-Saharan Africa — Mecagni, Mauro, Jorge Iván Canales Kriljenko, Cheikh A. Gueye, Yibin Mu, Masafumi Yabara, Sebastian Weber
- 14/1 Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets — Gueye, Cheikh A., Javier Arze del Granado, Rodrigo Garcia-Verdu, Mumtaz Hussain, B. Jang, Sebastian Weber, Juan S Corrales
- 13/8 Mali: Achieving Strong and Inclusive Growth with Macroeconomic Stability — Josz, Christian
- 13/7 Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union — Kolerus, Christina, Aleksandra Zdzienicka, Ermal Hitaj, Douglas J. Shapiro
- 13/6 West African Economic and Monetary Union: Financial Depth and Macrostability — Imam, Patrick A., and Christina Kolerus
- 13/5 Senegal: Financial Depth and Macrostability — Imam, Patrick A., and Christina Kolerus
- 13/4 Senegal: Achieving High and Inclusive Growth While Preserving Fiscal Sustainability — Kireyev, Alexei, and Gaston K. Mpatswe
- 13/3 Banking in Sub-Saharan Africa: The Macroeconomic Context — Mlachila, Montfort, Seok Gil Park, Masafumi Yabara
- 13/2 Energy Subsidy Reform in Sub-Saharan Africa: Experiences and Lessons — Alleyne, Trevor, and Mumtaz Hussain
- 13/2 Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth — Lundgren, Charlotte J., Alun H. Thomas, Robert C. York
- 13/1 Restoring Sustainability in a Changing Global Environment: Options for Swaziland — Basdevant, Olivier, Emily Forrest, and Borislava Mircheva
- 11/07 Macroeconomic Vulnerabilities Stemming from the Global Economic Crisis: The Case of Swaziland — Basdevant, Olivier, Chikako Baba, Borislava Mircheva
- 11/06 What Do Fast Job Creators Look Like? Some Stylized Facts and Perspectives on South Africa — Zhan, Zaijin
- 11/04 South Africa: Macro Policy Mix and Its Effects on Growth and the Real Exchange Rate—Empirical Evidence and GIMF Simulations — Canales-Kriljenko, Jorge Iván
- 11/02 Measuring the Potential Output of South Africa — Klein, Nir
- 11/01 In the Wake of the Global Economic Crisis: Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland — Mongardini, Joannes, Dalmacio Benicio, Thomson Fontaine, Gonzalo C. Pastor, Geneviève Verdier
- 10/03 Zimbabwe: Challenges and Policy Options after Hyperinflation — Kramarenko, Vitaliy, Lars H. Engstrom, Geneviève Verdier, Gilda Fernandez, Stefan E. Oppers, Richard Hughes, James McHugh, Warren L. Coats
- 10/02 Expenditure Composition and Economic Developments in Benin — Pani, Marco, and Mohamed El Harrak
- 10/01 Wage Policy and Fiscal Sustainability in Benin — Lundgren, Charlotte J.
- 09/04 The Global Financial Crisis and Adjustments to Shocks in Kenya, Tanzania, and Uganda: A Balance Sheet Analysis Perspective — Masha, Iyabo
- 09/03 Impact of the Global Financial Crisis on Exchange Rates and Policies in Sub-Saharan Africa — Ben Ltaifa, Nabil, Stella Kaendera, and Shiv Dixit
- 09/02 Spillover Effects and the East African Community: Explaining the Slowdown and the Recovery — Drummond, Paulo, and Gustavo Ramirez
- 09/01 Foreign Exchange Reserve Adequacy in East African Community Countries — Drummond, Paulo, Aristide Mrema, Stéphane Roudet, Mika Saito

### POLICY PAPERS
- 12/14 Pan-African Banks - Opportunities and Challenges for Cross-Border Oversight — Prepared by a staff team led by Charles Enoch, Paul Mathieu, Mauro Mecagni.

### SPILLOVER NOTES
- 2016/Issue 9 Sub-Saharan Migration: Patterns and Spillovers — Gonzalez-Garcia, Jesus, Ermal Hitaj, Montfort Mlachila, Arina Viseth, and Mustafa Yenice

### STAFF DISCUSSION NOTES
- 15/11 Is the Glass Half Empty or Half Full? Issues in Managing Water Challenges and Policy Instruments — Kalpana Kochhar, Catherine Pattillo, Yan Sun, Nujin Suphaphiphat, Andrew Swiston, Robert Tchaidze, Benedict Clements, Stefania Fabrizio, Valentina Flamini, Laure Redifer, Harald Finger, and an IMF Staff Team
- 12/13 Economic Diversification in LICs: Stylized Facts and Macroeconomic Implications — Papageorgiou, Chris, and Nicola Spatafora
- 09/20 The International Financial Crisis and Global Recession: Impact on the CEMAC Region and Policy Considerations — Wakeman-Linn, John, Rafael A. Portillo, Plamen Iossifov, Dimitre Milkov
- 09/16 The Global Financial Crisis: Impact on WAEMU Member Countries and Policy Options — Mueller, Johannes, Irene Yackovlev, Hans Weisfeld
- 09/14 The Southern African Development Community’s Macroeconomic Convergence Program: Initial Performance — Burgess, Robert
- 09/10 Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis — Berg, Andrew, Norbert Funke, Alejandro Hajdenberg, Victor Duarte Lledo, Rolando Ossowski, Martin Schindler, Antonio Spilimbergo, Shamsuddin Tareq, Irene Yackovlev

### WORKING PAPERS (SELECTED)
- 17/48 Understanding Inflation in Malawi: A Quantitative Investigation — Dong Frank Wu
- 16/247 Food Inflation in Sub-Saharan Africa: Causes and Policy Implications — Ali Uppal; Emre Alper; Niko Hobdari
- 16/205 Surprise, Surprise: What Dirves the Rand/U.S. Dollar Exchange Rate Volatility? — Axel Schimmelpfennig, Nasha Maveé, Roberto Perrelli
- 16/140 Gender Equality and Economic Diversification — Kazandjian, Romina, Lisa Kolovich, Kalpana Kochhar, Monique Newiak
- 16/137 South Africa : Labor Market Dynamics and Inequality — Anand, Rahul, Siddharth Kothari, Naresh Kumar
- 16/120 Monetary Policy Implementation and Volatility Transmission along the Yield Curve: The Case of Kenya — Alper, Emre, R. Armando Morales, Fan Yang
- 16/118 Women’s Opportunities and Challenges in Sub-Saharan African Job Markets — Dieterich, Christine, Anni Huang, Alun H. Thomas
- 16/115 Investing in Electricity, growth, and Debt Sustainability: The Case of Lesotho — Andreolli, Michele, Aidar Abdychev
- 16/113 The Consequences of Policy Uncertainty: Disconnects and Dilutions in the South African Real Effective Exchange Rate-Export Relationship — Hlatshwayo, Sandile, Magnus Saxegaard
- 16/111 Inequality, Gender Gaps and Economic Growth: Comparative Evidence for Sub-Saharan Africa — Hakura, Dalia, Mumtaz Hussain, Monique Newiak, Vimal Thakoor, Fan Yang
- 16/24 South Africa’s Exports Performance: Any Role for Structural Factors? — Anand, Rahul, Roberto Perrelli, Boyang Zhang
- 16/17 Unintended Consequences: Spillovers from Nigeria’s Fuel Pricing Policies to Its Neighbor — Mlachila, Montfort, Edgardo Ruggiero, David Corvino
- 16/12 Commodity Price Shocks and Financial Sector Fragility — Kinda, Tidiane, Montfort Mlachila, Rasmané Ouedraogo
- 15/268 Exiting From Fragility in sub-Saharan Africa: The Role of Fiscal Policies and Fiscal Institutions — Deléchat,Corinne, Ejona Fuli, Dafina Mulaj, Gustavo Ramirez, Rui Xu
- 15/236 Public Investment in a Developing Country Facing Resource Depletion — Alter, Adrian, Matteo Ghilardi, Dalia Hakura
- 15/235 Financial Inclusion and Development in the CEMAC — Alter, Adrian, Boriana Yontcheva
- 15/221 Spillovers from China onto Sub-Saharan Africa: Insights from the Flexible System of Global Models (FSGM) — Anderson, Derek, Jorge Iván Canales Kriljenko, Paulo Drummond, Pedro Espaillat, Dirk Muir
- 15/190 Systemic Risk Assessment in Lo Income Countries: Balancing Financial Stability and Development — Marchettini, Daniela, Rodolfo Maino
- 15/189 On the Drivers of Inflation in Sub-Saharan Africa — Nguyen, Anh D. M., Jemma Dridi, D. Filiz Unsal, Oral Williams
- 15/185 Sub-Saharan Employment Developments: The Important Role of Household Enterprises with an Application to Rwanda — Alun H. Thomas
- 15/169 Household Financial Acces and Risk Sharing in Nigeria — Carlson, Stacey, Era Dabla-Norris, Mika Saito, Yu Shi
- 15/149 Network Effects of International Shocks and Spillovers — Kireyev, Alexei and Andrei Leonidov
- 15/126 Pension Reforms in Mauritius: Fair and Fast—Balancing Social Protection and Fiscal Sustainability — Soto, Mauricio, Vimal Thakoor, Martin Petri
- 15/99 How to Improve the Effectiveness of Monetary Policy in the West African Economic and Monetary Union — Kireyev, Alexei
- 15/83 Do Resource Windfalls Improve the Standard of Living in Sub-Saharan African Countries?: Evidence from a Panel of Countries — Munseob Lee, and Cheikh A. Gueye
- 15/49 Remittances and Macroeconomic Volatility in African Countries — Ahmat Jidoud
- 15/25 Harnessing Resource Wealth for Inclusive Growth in Fragile States — Delechat, Corinne, Will Clark, Pranav Gupta, Malangu Kabedi-Mbuyi, Mesmin Koulet-Vickot, Carla Macario, Toomas Orav, Manuel Rosales, Rene Tapsoba, Dmitry Zhdankin, Susan Yang
- 15/17 Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries — Stepanyan, Ara, and Lamin Leigh
- 15/12 Revisiting teh Concept of Dollarization: The Global Financial Crisis and Dollarization in Low-Income Countries — Mwase, Nkunde, and Francis Y. Kumah
- 14/241 Global Financial Transmission into Sub-Saharan Africa– A Global Vector Autoregression Analysis — Canales Kriljenko, Jorge Iván, Mehdi Hosseinkouchack, Alexis Meyer-Cirkel
- 14/231 Safe Debt and Uncertainty in Emerging Markets: An Application to South Africa — Saxegaard, Magnus
- 14/172 A Quality of Growth Index for Developing Countries: A Proposal — Mlachila, Montfort, Rene Tapsoba, Sampawende J.-A. Tapsoba
- 14/159 Introducing a Semi-Structural Macroeconomic Model for Rwanda — Charry, Luisa, Pranav Gupta, and Vimal Thakoor
- 14/150 How Solid is Economic Growth in the East African Community? — Gigineishvili, Nikoloz, Paolo Mauro, Ke Wang
- 14/149 Islamic Finance in Sub-Saharan Africa: Status and Prospects — Gelbard, Enrique, Mumtaz Hussain, Rodolfo Maino, Yibin Mu, Etienne B. Yehoue
- 14/143 Africa Rising: Harnessing the Demographic Dividend — Drummond, Paulo, Vimal Thakoor, and Shu Yu
- 14/94 Does Openness Matter for Financial Development in Africa? — David, Antonio, Montfort Mlachila, and Ashwin Moheeput
- 14/51 Surging Investment and Declining Aid: Evaluating Debt Sustainability in Rwanda — Clark, Will, and Birgir Arnason

### ADDITIONAL WORKING PAPERS (SELECTED)
- 13/261 Natural Gas, Public Investment and Debt Sustainability in Mozambique — Melina, Giovanni, and Yi Xiong
- 13/250 Africa’s Rising Exposure to China: How Large Are Spillovers Through Trade? — Drummond, Paulo, and Estelle X. Liu
- 13/239 Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya — Andrle, Michal, Andrew Berg, Enrico Berkes, Rafael A Portillo, Jan Vlcek, R. Armando Morales
- 13/237 The Investment-Financing-Growth Nexus: The Case of Liberia — Clark, Will, and Manuel Rosales
- 13/226 Making Monetary Policy More Effective: The Case of the Democratic Republic of the Congo — Fischer, Felix, Charlotte J. Lundgren, Samir Jahjah
- 13/216 Fiscal Discipline in WAEMU: Rules, Institutions, and Markets — Hitaj, Ermal, and Yasin Kursat Onder
- 13/215 Inclusive Growth and Inequality in Senegal — Kireyev, Alexei
- 13/201 Africa’s Got Work to Do: Employment Prospects in the New Century — Fox, Louise, Cleary Haines, Jorge Huerta Muñoz, Alun Thomas
- 13/188 Resource Dependence and Fiscal Effort in Sub-Saharan Africa — Thomas, Alun, and Juan P. Treviño
- 13/176 Benchmarking Structural Transformation Across the World — Dabla-Norris, Era, Alun H. Thomas, Rodrigo Garcia-Verdu, Yingyuan Chen
- 13/173 Tax Administration Reform in the Francophone Countries of Sub-Saharan Africa — Fossat, Patrick, and Michel Bua
- 13/161 Financial Depth in the WAEMU: Benchmarking Against Frontier SSA Countries — Ahokpossi, Calixte, Kareem Ismail, Sudipto Karmakar, Mesmin Koulet-Vickot
- 13/147 Investing Volatile Oil Revenues in Capital-Scarce Economies: An Application to Angola — Richmond, Christine, Irene Yackovlev, Shu-Chun Yang
- 13/144 Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries: The Case of Cameroon — Samaké, Issouf, Priscilla Muthoora, Bruno Versailles
- 13/139 Inclusive Growth: An Application of the Social Opportunity Function to Selected African Countries — Adedeji, Olumuyiwa, Huancheng Du, Maxwell Opoku-Afari
- 13/116 Inclusive Growth and the Incidence of Fiscal Policy in Mauritius — Much Progress, But More Could be Done — David, Antonio, and Martin Petri
- 13/53 The Quality of the Recent High-Growth Episode in Sub-Saharan Africa — Mlachila, Montfort, and Marcelo Martinez
- 13/51 Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa: What Room for Policy? — Boutin-Dufresne, Francois, Santiago Peña, Oral Williams, Tomasz A. Zawisza
- 13/39 Monetary Transmission Mechanism in the East African Community: An Empirical Investigation — Davoodi, Hamid, Shiv Dixit, and Gabor Pinter
- 13/34 Determinants of Bank Interest Margins in Sub-Saharan Africa — Ahokpossi, Calixte
- 13/32 Exchange Rate Liberalization in Selected Sub-Saharan African Countries: Successes, Failures, and Lessons — Mæhle, Nils, Haimanot Teferra, Armine Khachatryan
- 13/31 Inward and Outward Spillovers in the SACU Area — Canales-Kriljenko, Jorge Iván, Farayi Gwenhamo, Saji Thomas
- 13/12 Bond Markets in Africa — Mu, Yibin, Peter Phelps, and Janet Stotsky
- 12/290 Inequalities and Growth in the Southern African Customs Union (SACU) Region — Basdevant, Olivier, Dalmacio Benicio, Yorbol Yakhshilikov
- 12/280 Striking an Appropriate Balance Among Public Investment, Growth, and Debt Sustainability in Cape Verde — Mu, Yibin
- 12/272 The East African Community: Prospects for Sustained Growth — McAuliffe, Catherine, Sweta Saxena, Masafumi Yabara

### ADDITIONAL TITLES (SELECTED)
- 12/249 Financing Growth in the WAEMU through the Regional Securities Market: Past Successes and Current Challenges — Diouf, Mame Astou, and Francois Boutin-Dufresne
- 12/208 Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters — Thomas, Alun
- 12/196 A Financial Conditions Index for South Africa — Gumata, Nombulelo, Nir Klein, Eliphas Ndou
- 12/177 Estimating the Implicit Inflation Target of the South African Reserve Bank — Klein, Nir
- 12/160 Monetization in Low- and Middle-Income Countries — McLoughlin, Cameron, and Noriaki Kinoshita
- 12/148 The Relationship between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa — Stotsky, Janet Gale, Olumuyiwa Adedeji, Manuk Ghazanchyan, Nils O. Maehle
- 12/141 Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants — Razafimahefa, Ivohasina Fizara
- 12/136 Welfare Effects of Monetary Integration: The Common Monetary Area and Beyond — Asonuma, Tamon, Xavier Debrun, and Paul R. Masson
- 12/127 As You Sow So Shall You Reap: Public Investment Surges, Growth, and Debt Sustainability in Togo — Andrle, Michal, Antonio David, Raphael A. Espinoza, Marshall Mills, and Luis-Felipe Zanna
- 12/119 Tracking Short-Term Dynamics of Economic Activity in Low-Income Countries in the Absence of High-Frequency GDP Data — Opoku-Afari, Maxwell, and Shiv Dixit
- 12/108 Mobilizing Revenue in Sub-Saharan Africa: Empirical Norms and Key Determinants — Drummond, Paulo, Wendell Daal, Nandini Srivastava, and Luiz E.

### PUBLICATION ENTRIES (Section 2)
- 12/94 Monetary Policy in Low-Income Countries in the Face of the Global Crisis: The Case of Zambia — Baldini, Alfredo, Jaromir Benes, Andrew Berg, Mai Dao, and Rafael Portillo
- 12/93 Fiscal Policies and Rules in the Face of Revenue Volatility Within Southern Africa Customs Union Countries (SACU) — Basdevant, Olivier
- 12/92 Real Wage, Labor Productivity, and Employment Trends in South Africa: A Closer Look — Klein, Nir
- 12/73 Exchange Rate Volatility Under Peg: Do Trade Patterns Matter? — Lonkeng Ngouana, Constant
- 12/32 Assessing Bank Competition within the East African Community — Sanya, Sarah, and Matthew Gaertner
- 12/20 Prudential Liquidity Regulation in Developing Countries: A Case Study of Rwanda — Sanya, Sarah, Wayne Mitchell, and Angelique Kantengwa
- 12/18 Capital Market Integration: Progress Ahead of the East African Community Monetary Union — Yabara, Masafumi
- 12/7 International Reserves in Low-Income Countries: Have They Served as Buffers? — Cripolti, Valerio, and George Tsibouris
- 11/294 Inflation Differentials in the GCC: Does the Oil Cycle Matter? — Mohaddes, Kamiar, and Oral Williams
- 11/281 Effectiveness of Capital Controls in Selected Emerging Markets in the 2000s — Baba, Chikako, and Annamaria Kokenyne
- 11/280 How Costly Are Debt Crises? — Furceri, Davide, and Aleksandra Zdzienicka
- 11/275 Monetary Policy Transmission in Ghana: Does the Interest Rate Channel Work? — Kovanen, Arto
- 11/274 Does Money Matter for Inflation in Ghana? — Kovanen, Arto
- 11/273 On the Stability of Monetary Demand in Ghana: A Bounds Testing Approach — Dagher, Jihad, and Arto Kovanen
- 11/268 Oil-Price Boom and Real Exchange Rate Appreciation: Is There Dutch Disease in the CEMAC? — Treviño, Juan Pedro
- 11/266 The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland — Basdevant, Olivier, Dalmacio Benicio, Borislava Mircheva, Joannes Mongardini, Geneviève Verdier, Susan Yang, and Luis-Felipe Zanna
- 11/246 Do Remittances Reduce Aid Dependency? — Kpodar, Kangni, and Maelan Le Goff
- 11/233 Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries: How Do They Differ? — Tabova, Alexandra, and Carol L. Baker
- 11/232 Inflation Dynamics in the CEMAC Region — Caceres, Carlos, Marcos Poplawski-Ribeiro, Darlena Tartari
- 11/207 External Sustainability of Oil-Producing Sub-Saharan African Countries — Takebe, Misa, and Robert C. York
- 11/205 The Cyclicality of Fiscal Policies in the CEMAC Region — Mpatswe, Gaston K., Sampawende J. Tapsoba, and Robert C. York
- 11/204 South Africa: The Cyclical Behavior of the Markups and Its Implications for Monetary Policy — Klein, Nir
- 11/202 Burkina Faso—Policies to Protect the Poor from the Impact of Food and Energy Price Increases — Arze del Granado, Javier, and Isabell Adenauer
- 11/198 De Jure versus De Facto Exchange Rate Regimes in Sub-Saharan Africa — Slavov, Slavi T.
- 11/196 Financial Deepening, Property Rights and Poverty: Evidence from Sub-Saharan Africa — Singh, Raju Jan, and Yifei Huang
- 11/178 FDI from BRICs to LICs: Emerging Growth Driver? — Mlachila, Montfort, and Misa Takebe
- 11/176 Determinants of Interest Rate Pass-Through: Do Macroeconomic Conditions and Financial Market Structure Matter? — Gigineishvili, Nikoloz
- 11/174 The Quest for Higher Growth in the WAEMU Region: The Role of Accelerations and Decelerations — Kinda, Tidiane, and Montfort Mlachila
- 11/172 Fiscal Policy Implementation in Sub-Saharan Africa — Lledo, Victor Duarte, and Marcos Poplawski Ribeiro
- 11/149 Post-Conflict Recovery: Institutions, Aid, or Luck? — David, Antonio, Fabiano Rodrigues Bastos, and Marshall Mills
- 11/104 Ghana: Will It Be Gifted, or Will It Be Cursed? — Aydin, Burcu
- 11/102 Oil Spill(over)s: Linkages in Petroleum Product Pricing Policies in West African Countries — David, Antonio, Mohamed El Harrak, Marshall Mills, and Lorraine Ocampos
- 11/80 Feeling the Elephant’s Weight: The Impact of Côte d’Ivoire’s Crisis on WAEMU Trade — Egoumé-Bossogo, Philippe, and Ankouvi Nayo
- 11/73 ICT, Financial Inclusion, and Growth Evidence from African Countries — Andrianaivo, Mihasonirina, and Kangni Kpodar
- 11/69 Fiscal Sustainability and the Fiscal Reaction Function for South Africa — Burger, Philippe, Alfredo Cuevas, Ian Stuart, and Charl Jooste
- 11/64 Reviving the Competitive Storage Model: A Holistic Approach to Food Commodity Prices — Miao, Yanliang, Weifeng Wu, and Norbert Funke
- 11/59 Inflation Uncertainty and Relative Price Variability in WAEMU — Fernandez Valdovinos, Carlos, and Kerstin Gerling
- 11/57 Modeling Inflation in Chad — Kinda, Tidiane
- 11/48 Fiscal Expectations under the Stability and Growth Pact: Evidence from Survey Data — Poplawski-Ribeiro, Marcos, and Jan-Christoph Rulke
- 11/40 Growth in Africa under Peace and Market Reforms — Korbut, Olessia, Gonzalo Salinas, and Cheikh A. Gueye
- 11/20 Feeling the Elephant’s Weight: The Impact of Côte d’Ivoire’s Crisis on WAEMU Trade — Egoumé-Bossogo, Philippe, and Nayo Ankouvi
- 11/9 Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate — Kinda, Tidiane, Jean-Louis Combes, and Patrick Plane
- 10/292 Weathering the Global Storm: The Benefits of Monetary Policy Reform in the LA5 Countries — Canales-Kriljenko, Jorge Iván, Luis Ignacio Jácome, Ali Alichi, and Ivan Luis de Oliveira Lima
- 10/269 Export Tax and Pricing Power: Two Hypotheses on the Cocoa Market in Côte d’Ivoire — Kireyev, Alexei
- 10/225 What Can International Cricket Teach Us About the Role of Luck in Labor Markets? — Aiyar, Shekhar, and Rodney Ramcharan
- 10/217 Performance of Fiscal Accounts in South Africa in a Cross-Country Setting — Aydin, Burcu
- 10/216 Cyclicality of Revenue and Structural Balances in South Africa — Aydin, Burcu
- 10/210 Mother, Can I Trust the Government? Sustained Financial Deepening—A Political Institutions View — Quintyn, Marc, and Geneviève Verdier
- 10/195 Islamic Banking: How Has It Diffused? — Imam, Patrick A., and Kangni Kpodar
- 10/191 A Macro Model of the Credit Channel in a Currency Union Member: The Case of Benin — Samaké, Issouf
- 10/166 How Do International Financial Flows to Developing Countries Respond to Natural Disasters? — David, Antonio
- 10/162 Exchange Rate Assessment for Sub-Saharan Economies — Aydin, Burcu
- 10/148 Balance Sheet Vulnerabilities of Mauritius during a Decade of Shocks — Imam, Patrick A., and Rainer Koehler
- 10/140 Beyond Aid: How Much Should African Countries Pay to Borrow? — Gueye, Cheikh A., and Amadou N.R. Sy
- 10/136 Banking Efficiency and Financial Development in Sub-Saharan Africa — Kablan, Sandrine
- 10/132 FDI Flows to Low-Income Countries: Global Drivers and Growth Implications — Dabla-Norris, Era, Jiro Honda, Amina Lahrèche-Révil, and Geneviève Verdier
- 10/118 The Linkage between the Oil and Nonoil Sectors—A Panel VAR Approach — Klein, Nir
- 10/115 Short- versus Long-Term Credit and Economic Performance: Evidence from the WAEMU — Kpodar, Kangni, and Kodzo Gbenyo
- 10/80 Budget Institutions and Fiscal Performance in Low-Income Countries — Dabla-Norris, Era, Richard Allen, Luis-Felipe Zanna, Tej Prakash, Eteri Kvintradze, Victor Duarte Lledo, Irene Yackovlev, and Sophia Gollwitzer
- 10/66 ICT Equipment Investment and Growth in Low- and Lower-Middle-Income Countries — Haacker, Markus
- 10/58 The Real Exchange Rate and Growth Revisited: The Washington Consensus Strikes Back? — Berg, Andrew, and Yanliang Miao
- 10/49 Firm Productivity, Innovation, and Financial Development — Dabla-Norris, Era, Eramus Kersting, and Geneviève Verdier
- 09/274 Cyclical Patterns of Government Expenditures in Sub-Saharan Africa: Facts and Factors — Lledo, Victor, Irene Yackovlev, and Lucie Gadenne
- 09/269 A Framework to Assess the Effectiveness of IMF Technical Assistance in National Accounts — Pastor, Gonzalo C.
- 09/260 Improving Surveillance Across the CEMAC Region — Iossifov, Plamen, Noriaki Kinoshita, Misa Takebe, Robert C. York, and Zaijin Zhan
- 09/244 A Rule Based Medium-Term Fiscal Policy Framework for Tanzania — Kim, Daehaeng, and Mika Saito
- 09/227 Analyzing Fiscal Space Using the MAMS Model: An Application to Burkina Faso — Gottschalk, Jan, Vu Manh Le, Hans Lofgren, and Kofi Nouve
- 09/216 Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa — Singh, Raju Jan, Markus Haacker, and Kyung-woo Lee
- 09/215 São Tomé and Príncipe: Domestic Tax System and Tax Revenue Potential — Farhan, Nisreen
- 09/192 The Gambia: Demand for Broad Money and Implications for Monetary Policy Conduct — Sriram, Subramanian S.
- 09/182 Understanding the Growth of African Markets — Yartey, Charles Amo, and Mihasonirina Andrianaivo
- 09/180 Credit Growth in Sub-Saharan Africa—Sources, Risks, and Policy Responses — Iossifov, Plamen, and May Y. Khamis
- 09/155 Spillovers from the Rest of the World into Sub-Saharan African Countries — Drummond, Paulo, Flavio Nacif, and Gustavo Ramirez
- 09/148 In Search of Successful Inflation Targeting: Evidence from an Inflation Targeting Index — Miao, Yanliang
- 09/146 Introducing the Euro as Legal Tender—Benefits and Costs of Eurorization for Cape Verde — Imam, Patrick A.
- 09/115 The Macroeconomics of Scaling Up Aid: The Gleneagles Initiative for Benin — Mongardini, Joannes, and Issouf Samaké
- 09/114 Sub-Saharan Africa’s Integration in the Global Financial Markets — Deléchat, Corinne, Gustavo Ramirez, Smita Wagh, and John Wakeman-Linn
- 09/113 Financial Deepening in the CFA Franc Zone: The Role of Institutions — Singh, Raju, Kangni Kpodar, and Dhaneshwar Ghura
- 09/107 Madagascar: A Competitiveness and Exchange Rate Assessment — Eyraud, Luc
- 09/98 Understanding Inflation Inertia in Angola — Klein, Nir, and Alexander Kyei
- 09/75 Grants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries — Mongardini, Joannes, and Brett Rayner
- 09/37 Dedollarization in Liberia—Lessons from Cross-Country Experience — Erasmus, Lodewyk, Jules Leichter, and Jeta Menkulasi
- 09/36 The Macroeconomic Impact of Scaled-Up Aid: The Case of Niger — Farah, Abdikarim, Emilio Sacerdoti, and Gonzalo Salinas
- 09/27 The Value of Institutions for Financial Markets: Evidence from Emerging Markets — Akitoby, Bernardin, and Thomas Stratmann
- 09/25 Why Isn’t South Africa Growing Faster? A Comparative Approach — Eyraud, Luc
- 09/15 The Determinants of Commercial Bank Profitability in Sub-Saharan Africa — Flamini, Valentina, Calvin A. McDonald, and Liliane Schumacher
- 09/14 Bank Efficiency in Sub-Saharan African Middle-Income Countries — Chen, Chuling
- 09/11 How Can Burundi Raise its Growth Rate? The Impact of Civil Conflicts and State Intervention on Burundi’s Growth Performance — Basdevant, Olivier

*Content extracted from sreo0517-pubs - Section 1 and Section 2*

### Section 1

### PUBLICATIONS OF THE IMF AFRICAN DEPARTMENT, 2009–17

### BOOKS AND MONOGRAPHS
- 2017 Women, Work, and Economic Growth: Leveling the Playing Field
  - Kochhar, Kalpana, Monique Newiak, Sonali Jain-Chandra
- 2016 Building Integrated Economies in West Africa: Lessons in Managing Growth, Inclusiveness and Volatility
  - Alexei Kireyev
- 2016 Africa on the Move: Unlocking the Potential of Small Middle-Income States
  - Lamin Leigh, Ali M Mansoor
- 2015 The Quest for Regional Integration in the East African Community:
  - Drummond, Paulo, S.K. Wajid, Oral Williams
- 2014 The Mystery of Missing Real Spillovers in Southern Africa: Some Facts and Possible Explanations
  - Basdevant, Olivier, Andrew W. Jonelis, Borislava Mircheva, Slavi T. Slavov
- 2013 Building a Common Future in Southern Africa
  - Mongardini, Joannes, Tamon Asonuma, Olivier Basdevant, Alfredo Cuevas, Xavier Debrun, Lars Holger Engstrom, Imelda M. Flores Vazquez, Vitaliy Kramarenko, Lamin Leigh, Paul R. Masson, Geneviève Verdier
- 2012 Oil Wealth in Central Africa: Policies for Inclusive Growth
  - Coorey, Sharmini, and Bernardin Akitoby
- 2009 The Impact of the Global Financial Crisis on Sub-Saharan Africa
  - African Department
- 2009 Tanzania: The Story of an African Transition
  - Nord, Roger, Yuri Sobolev, David Dunn, Alejandro Hajdenberg, Niko Hobdari, Samar Maziad, Stéphane Roudet

### DEPARTMENTAL PAPERS
- 16/6 A Work in Progress: Integrating Markets for Goods, Labor, and Capital in the East African Community
  - Alper, Emre, Fan Yang, Hervé Joly, Jemma Dridi, and Wenjie Chen
- 16/5 Financial Development in Sub-Saharan Africa: Promoting Inclusive and Sustainable Growth
  - Montfort Mlachila, Larry Cui, Ahmat Jidoud, Monique Newiak, Bozena Radzewicz-Bak, Misa Takebe, Yanmin Ye, and Jiayi Zhang
- 16/4 Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries
  - Tetsuya Konuki, Mauricio Villafuerte
- 16/3 Walking a Find Line: Public Investment Scaling-Up and Debt Sustainability in Burkina Faso
  - Lonkeng Ngouana, Constant A., Malangu Kabedi-Mbuyi, Mame Astou Diouf
- 16/2 Trade Integration and Global Value Chains in Sub-Saharan Africa: In Pursuit of the Missing Link
  - Céline Allard, Jorge Iván Canales Kriljenko, Jesus Gonzalez-Garcia, Emmanouil Kitsios, Juan P. Trevino, Wenjie Chen
- 16/1 Make Investment Scaling-up Work in Benin: A Macro-Fiscal Analysis
  - Barhoumi, Karim, Larry Cui, Christine Dieterich, Nicolas End, Matteo Ghilardi, Alexander Raabe, Sergio Sola
- 15/10 Strengthening the West African Economic and Monetary Union: The Role of Fiscal and Market Institutions in Economic Stabilization
  - Basdevant, Olivier, Patrick A. Imam, Tidiane Kinda, Aleksandra Zdzienicka
- 15/8 Evolving Banking Trends in Sub-Saharan Africa: Key Features and Challenges
  - Mecagni, Mauro, Daniela Marchettini, Rodolfo Maino
- 15/7 Monitoring and Managing Fiscal Risks in the East African Community
  - Mauro, Paolo, Herve Joly, Ari Aisen, Emre Alper, François Boutin-Dufresne, Jemma Dridi, Nikoloz Gigineishvili, Tom Josephs, Clara Mira, Vimal V Thakoor, Alun H. Thomas, Fan Yang
- 15/6 Toward a Monetary Union in the East African Community: Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms
  - Drummond, Paulo, Ari Aisen, C. Emre Alper, Ejona Fuli, and Sebastien Walker
- 15/5 Building Resilience in Sub-Saharan Africa’s Fragile States
  - Gelbard, Enrique, Corinne Délechat, Ejona Fuly, Mumtaz Hussain, Ulrich Jacoby, Dafina Mulaj, Marco Pani, Gustavo Ramirez, Rui Xu
- 15/4 Dollarization in Sub-Saharan Africa: Experiences and Lessons
  - Mecagni, Mauro, Juan S Corrales, Jemma Dridi, Rodrigo Garcia-Verdu, Patrick A. Imam, Justin Matz, Carla Macario, Rodolfo Maino, Yibin Mu, Ashwin Moheeput, Futoshi Narita, Marco Pani, Manuel Rosales, Sebastian Weber, Etienne B. Yehoue

### REGIONAL ECONOMIC OUTLOOK: SUB-SAHARAN AFRICA (SELECTED DEPARTMENTAL PAPERS)
- 15/3 Pan-African Banking: Opportunities and Challenges for Cross-Border Oversight
  - Enoch, Charles, Paul Henri Mathieu, Mauro Mecagni, Jorge Iván Canales Kriljenko
- 15/2 Sustaining More Inclusive Growth in the Republic of Congo
  - Hakura, Dalia, Adrian Alter, Matteo Ghilardi, Rodolfo Maino, Cameron McLoughlin, Maximilien Queyranne
- 15/1 Making Senegal a Hub for West Africa: Reforming the State, Building to the Future
  - Kireyev, Alexei, Ali M. Mansoor
- 14/4 Mozambique Rising: Building a New Tomorrow
  - Ross, Doris C., Victor Duarte Lledo, Alex Segura-Ubiergo, Yuan Xiao, Iyabo Masha, Alun H. Thomas, Keiichiro Inui
- 14/3 The Mystery of Missing Real Spillovers in Southern Africa: Some Facts and Possible Explanations
  - Basdevant, Olivier, Andrew W Jonelis, Borislava Mircheva, Slavi T. Slavov
- 14/2 Issuing International Sovereign Bonds: Opportunities and Challenges for Sub-Saharan Africa
  - Mecagni, Mauro, Jorge Iván Canales Kriljenko, Cheikh A. Gueye, Yibin Mu, Masafumi Yabara, Sebastian Weber
- 14/1 Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets
  - Gueye, Cheikh A., Javier Arze del Granado, Rodrigo Garcia-Verdu, Mumtaz Hussain, B. Jang, Sebastian Weber, Juan S Corrales
- 13/8 Mali: Achieving Strong and Inclusive Growth with Macroeconomic Stability
  - Josz, Christian
- 13/7 Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union
  - Kolerus, Christina, Aleksandra Zdzienicka, Ermal Hitaj, Douglas J. Shapiro
- 13/6 West African Economic and Monetary Union: Financial Depth and Macrostability
  - Imam, Patrick A., and Christina Kolerus
- 13/5 Senegal: Financial Depth and Macrostability
  - Imam, Patrick A., and Christina Kolerus
- 13/4 Senegal: Achieving High and Inclusive Growth While Preserving Fiscal Sustainability
  - Kireyev, Alexei, and Gaston K. Mpatswe
- 13/3 Banking in Sub-Saharan Africa: The Macroeconomic Context
  - Mlachila, Montfort, Seok Gil Park, Masafumi Yabara
- 13/2 Energy Subsidy Reform in Sub-Saharan Africa: Experiences and Lessons
  - Alleyne, Trevor, and Mumtaz Hussain
- 13/2 Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth
  - Lundgren, Charlotte J., Alun H. Thomas, Robert C. York
- 13/1 Restoring Sustainability in a Changing Global Environment: Options for Swaziland
  - Basdevant, Olivier, Emily Forrest, and Borislava Mircheva
- 11/07 Macroeconomic Vulnerabilities Stemming from the Global Economic Crisis: The Case of Swaziland
  - Basdevant, Olivier, Chikako Baba, Borislava Mircheva
- 11/06 What Do Fast Job Creators Look Like? Some Stylized Facts and Perspectives on South Africa
  - Zhan, Zaijin
- 11/04 South Africa: Macro Policy Mix and Its Effects on Growth and the Real Exchange Rate—Empirical Evidence and GIMF Simulations
  - Canales-Kriljenko, Jorge Iván
- 11/02 Measuring the Potential Output of South Africa
  - Klein, Nir
- 11/01 In the Wake of the Global Economic Crisis: Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland
  - Mongardini, Joannes, Dalmacio Benicio, Thomson Fontaine, Gonzalo C. Pastor, Geneviève Verdier
- 10/03 Zimbabwe: Challenges and Policy Options after Hyperinflation
  - Kramarenko, Vitaliy, Lars H. Engstrom, Geneviève Verdier, Gilda Fernandez, Stefan E. Oppers, Richard Hughes, James McHugh, Warren L. Coats
- 10/02 Expenditure Composition and Economic Developments in Benin
  - Pani, Marco, and Mohamed El Harrak
- 10/01 Wage Policy and Fiscal Sustainability in Benin
  - Lundgren, Charlotte J.
- 09/04 The Global Financial Crisis and Adjustments to Shocks in Kenya, Tanzania, and Uganda: A Balance Sheet Analysis Perspective
  - Masha, Iyabo
- 09/03 Impact of the Global Financial Crisis on Exchange Rates and Policies in Sub-Saharan Africa
  - Ben Ltaifa, Nabil, Stella Kaendera, and Shiv Dixit
- 09/02 Spillover Effects and the East African Community: Explaining the Slowdown and the Recovery
  - Drummond, Paulo, and Gustavo Ramirez
- 09/01 Foreign Exchange Reserve Adequacy in East African Community Countries
  - Drummond, Paulo, Aristide Mrema, Stéphane Roudet, Mika Saito

### POLICY PAPERS
- 12/14 Pan-African Banks - Opportunities and Challenges for Cross-Border Oversight
  - Prepared by a staff team led by Charles Enoch, Paul Mathieu, Mauro Mecagni.

### SPILLOVER NOTES
- 2016/Issue 9 Sub-Saharan Migration: Patterns and Spillovers
  - Gonzalez-Garcia, Jesus, Ermal Hitaj, Montfort Mlachila, Arina Viseth, and Mustafa Yenice

### STAFF DISCUSSION NOTES
- 15/11 Is the Glass Half Empty or Half Full? Issues in Managing Water Challenges and Policy Instruments
  - Kalpana Kochhar, Catherine Pattillo, Yan Sun, Nujin Suphaphiphat, Andrew Swiston, Robert Tchaidze, Benedict Clements, Stefania Fabrizio, Valentina Flamini, Laure Redifer, Harald Finger, and an IMF Staff Team
- 12/13 Economic Diversification in LICs: Stylized Facts and Macroeconomic Implications
  - Papageorgiou, Chris, and Nicola Spatafora
- 09/20 The International Financial Crisis and Global Recession: Impact on the CEMAC Region and Policy Considerations
  - Wakeman-Linn, John, Rafael A. Portillo, Plamen Iossifov, Dimitre Milkov
- 09/16 The Global Financial Crisis: Impact on WAEMU Member Countries and Policy Options
  - Mueller, Johannes, Irene Yackovlev, Hans Weisfeld
- 09/14 The Southern African Development Community’s Macroeconomic Convergence Program: Initial Performance
  - Burgess, Robert
- 09/10 Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis
  - Berg, Andrew, Norbert Funke, Alejandro Hajdenberg, Victor Duarte Lledo, Rolando Ossowski, Martin Schindler, Antonio Spilimbergo, Shamsuddin Tareq, Irene Yackovlev

### WORKING PAPERS (SELECTED)
- 17/48 Understanding Inflation in Malawi: A Quantitative Investigation
  - Dong Frank Wu
- 16/247 Food Inflation in Sub-Saharan Africa: Causes and Policy Implications
  - Ali Uppal; Emre Alper; Niko Hobdari
- 16/205 Surprise, Surprise: What Dirves the Rand/U.S. Dollar Exchange Rate Volatility?
  - Axel Schimmelpfennig, Nasha Maveé, Roberto Perrelli
- 16/140 Gender Equality and Economic Diversification
  - Kazandjian, Romina, Lisa Kolovich, Kalpana Kochhar, Monique Newiak
- 16/137 South Africa : Labor Market Dynamics and Inequality
  - Anand, Rahul, Siddharth Kothari, Naresh Kumar
- 16/120 Monetary Policy Implementation and Volatility Transmission along the Yield Curve: The Case of Kenya
  - Alper, Emre, R. Armando Morales, Fan Yang
- 16/118 Women’s Opportunities and Challenges in Sub-Saharan African Job Markets
  - Dieterich, Christine, Anni Huang, Alun H. Thomas
- 16/115 Investing in Electricity, growth, and Debt Sustainability: The Case of Lesotho
  - Andreolli, Michele, Aidar Abdychev
- 16/113 The Consequences of Policy Uncertainty: Disconnects and Dilutions in the South African Real Effective Exchange Rate-Export Relationship
  - Hlatshwayo, Sandile, Magnus Saxegaard
- 16/111 Inequality, Gender Gaps and Economic Growth: Comparative Evidence for Sub-Saharan Africa
  - Hakura, Dalia, Mumtaz Hussain, Monique Newiak, Vimal Thakoor, Fan Yang
- 16/24 South Africa’s Exports Performance: Any Role for Structural Factors?
  - Anand, Rahul, Roberto Perrelli, Boyang Zhang
- 16/17 Unintended Consequences: Spillovers from Nigeria’s Fuel Pricing Policies to Its Neighbor
  - Mlachila, Montfort, Edgardo Ruggiero, David Corvino
- 16/12 Commodity Price Shocks and Financial Sector Fragility
  - Kinda, Tidiane, Montfort Mlachila, Rasmané Ouedraogo
- 15/268 Exiting From Fragility in sub-Saharan Africa: The Role of Fiscal Policies and Fiscal Institutions
  - Deléchat,Corinne, Ejona Fuli, Dafina Mulaj, Gustavo Ramirez, Rui Xu
- 15/236 Public Investment in a Developing Country Facing Resource Depletion
  - Alter, Adrian, Matteo Ghilardi, Dalia Hakura
- 15/235 Financial Inclusion and Development in the CEMAC
  - Alter, Adrian, Boriana Yontcheva
- 15/221 Spillovers from China onto Sub-Saharan Africa: Insights from the Flexible System of Global Models (FSGM)
  - Anderson, Derek, Jorge Iván Canales Kriljenko, Paulo Drummond, Pedro Espaillat, Dirk Muir
- 15/190 Systemic Risk Assessment in Lo Income Countries: Balancing Financial Stability and Development
  - Marchettini, Daniela, Rodolfo Maino
- 15/189 On the Drivers of Inflation in Sub-Saharan Africa
  - Nguyen, Anh D. M., Jemma Dridi, D. Filiz Unsal, Oral Williams
- 15/185 Sub-Saharan Employment Developments: The Important Role of Household Enterprises with an Application to Rwanda
  - Alun H. Thomas
- 15/169 Household Financial Acces and Risk Sharing in Nigeria
  - Carlson, Stacey, Era Dabla-Norris, Mika Saito, Yu Shi
- 15/149 Network Effects of International Shocks and Spillovers
  - Kireyev, Alexei and Andrei Leonidov
- 15/126 Pension Reforms in Mauritius: Fair and Fast—Balancing Social Protection and Fiscal Sustainability
  - Soto, Mauricio, Vimal Thakoor, Martin Petri
- 15/99 How to Improve the Effectiveness of Monetary Policy in the West African Economic and Monetary Union
  - Kireyev, Alexei
- 15/83 Do Resource Windfalls Improve the Standard of Living in Sub-Saharan African Countries?: Evidence from a Panel of Countries
  - Munseob Lee, and Cheikh A. Gueye
- 15/49 Remittances and Macroeconomic Volatility in African Countries
  - Ahmat Jidoud
- 15/25 Harnessing Resource Wealth for Inclusive Growth in Fragile States
  - Delechat, Corinne, Will Clark, Pranav Gupta, Malangu Kabedi-Mbuyi, Mesmin Koulet-Vickot, Carla Macario, Toomas Orav, Manuel Rosales, Rene Tapsoba, Dmitry Zhdankin, Susan Yang
- 15/17 Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries
  - Stepanyan, Ara, and Lamin Leigh
- 15/12 Revisiting teh Concept of Dollarization: The Global Financial Crisis and Dollarization in Low-Income Countries
  - Mwase, Nkunde, and Francis Y. Kumah
- 14/241 Global Financial Transmission into Sub-Saharan Africa– A Global Vector Autoregression Analysis
  - Canales Kriljenko, Jorge Iván, Mehdi Hosseinkouchack, Alexis Meyer-Cirkel
- 14/231 Safe Debt and Uncertainty in Emerging Markets: An Application to South Africa
  - Saxegaard, Magnus
- 14/172 A Quality of Growth Index for Developing Countries: A Proposal
  - Mlachila, Montfort, Rene Tapsoba, Sampawende J.-A. Tapsoba
- 14/159 Introducing a Semi-Structural Macroeconomic Model for Rwanda
  - Charry, Luisa, Pranav Gupta, and Vimal Thakoor
- 14/150 How Solid is Economic Growth in the East African Community?
  - Gigineishvili, Nikoloz, Paolo Mauro, Ke Wang
- 14/149 Islamic Finance in Sub-Saharan Africa: Status and Prospects
  - Gelbard, Enrique, Mumtaz Hussain, Rodolfo Maino, Yibin Mu, Etienne B. Yehoue
- 14/143 Africa Rising: Harnessing the Demographic Dividend
  - Drummond, Paulo, Vimal Thakoor, and Shu Yu
- 14/94 Does Openness Matter for Financial Development in Africa?
  - David, Antonio, Montfort Mlachila, and Ashwin Moheeput
- 14/51 Surging Investment and Declining Aid: Evaluating Debt Sustainability in Rwanda
  - Clark, Will, and Birgir Arnason

### ADDITIONAL WORKING PAPERS (SELECTED)
- 13/261 Natural Gas, Public Investment and Debt Sustainability in Mozambique
  - Melina, Giovanni, and Yi Xiong
- 13/250 Africa’s Rising Exposure to China: How Large Are Spillovers Through Trade?
  - Drummond, Paulo, and Estelle X. Liu
- 13/239 Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya
  - Andrle, Michal, Andrew Berg, Enrico Berkes, Rafael A Portillo, Jan Vlcek, R. Armando Morales
- 13/237 The Investment-Financing-Growth Nexus: The Case of Liberia
  - Clark, Will, and Manuel Rosales
- 13/226 Making Monetary Policy More Effective: The Case of the Democratic Republic of the Congo
  - Fischer, Felix, Charlotte J. Lundgren, Samir Jahjah
- 13/216 Fiscal Discipline in WAEMU: Rules, Institutions, and Markets
  - Hitaj, Ermal, and Yasin Kursat Onder
- 13/215 Inclusive Growth and Inequality in Senegal
  - Kireyev, Alexei
- 13/201 Africa’s Got Work to Do: Employment Prospects in the New Century
  - Fox, Louise, Cleary Haines, Jorge Huerta Muñoz, Alun Thomas
- 13/188 Resource Dependence and Fiscal Effort in Sub-Saharan Africa
  - Thomas, Alun, and Juan P. Treviño
- 13/176 Benchmarking Structural Transformation Across the World
  - Dabla-Norris, Era, Alun H. Thomas, Rodrigo Garcia-Verdu, Yingyuan Chen
- 13/173 Tax Administration Reform in the Francophone Countries of Sub-Saharan Africa
  - Fossat, Patrick, and Michel Bua
- 13/161 Financial Depth in the WAEMU: Benchmarking Against Frontier SSA Countries
  - Ahokpossi, Calixte, Kareem Ismail, Sudipto Karmakar, Mesmin Koulet-Vickot
- 13/147 Investing Volatile Oil Revenues in Capital-Scarce Economies: An Application to Angola
  - Richmond, Christine, Irene Yackovlev, Shu-Chun Yang
- 13/144 Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries: The Case of Cameroon
  - Samaké, Issouf, Priscilla Muthoora, Bruno Versailles
- 13/139 Inclusive Growth: An Application of the Social Opportunity Function to Selected African Countries
  - Adedeji, Olumuyiwa, Huancheng Du, Maxwell Opoku-Afari
- 13/116 Inclusive Growth and the Incidence of Fiscal Policy in Mauritius — Much Progress, But More Could be Done
  - David, Antonio, and Martin Petri
- 13/53 The Quality of the Recent High-Growth Episode in Sub-Saharan Africa
  - Mlachila, Montfort, and Marcelo Martinez
- 13/51 Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa: What Room for Policy?
  - Boutin-Dufresne, Francois, Santiago Peña, Oral Williams, Tomasz A. Zawisza
- 13/39 Monetary Transmission Mechanism in the East African Community: An Empirical Investigation
  - Davoodi, Hamid, Shiv Dixit, and Gabor Pinter
- 13/34 Determinants of Bank Interest Margins in Sub-Saharan Africa
  - Ahokpossi, Calixte
- 13/32 Exchange Rate Liberalization in Selected Sub-Saharan African Countries: Successes, Failures, and Lessons
  - Mæhle, Nils, Haimanot Teferra, Armine Khachatryan
- 13/31 Inward and Outward Spillovers in the SACU Area
  - Canales-Kriljenko, Jorge Iván, Farayi Gwenhamo, Saji Thomas
- 13/12 Bond Markets in Africa
  - Mu, Yibin, Peter Phelps, and Janet Stotsky
- 12/290 Inequalities and Growth in the Southern African Customs Union (SACU) Region
  - Basdevant, Olivier, Dalmacio Benicio, Yorbol Yakhshilikov
- 12/280 Striking an Appropriate Balance Among Public Investment, Growth, and Debt Sustainability in Cape Verde
  - Mu, Yibin
- 12/272 The East African Community: Prospects for Sustained Growth
  - McAuliffe, Catherine, Sweta Saxena, Masafumi Yabara

### ADDITIONAL TITLES (SELECTED)
- 12/249 Financing Growth in the WAEMU through the Regional Securities Market: Past Successes and Current Challenges
  - Diouf, Mame Astou, and Francois Boutin-Dufresne
- 12/208 Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters
  - Thomas, Alun
- 12/196 A Financial Conditions Index for South Africa
  - Gumata, Nombulelo, Nir Klein, Eliphas Ndou
- 12/177 Estimating the Implicit Inflation Target of the South African Reserve Bank
  - Klein, Nir
- 12/160 Monetization in Low- and Middle-Income Countries
  - McLoughlin, Cameron, and Noriaki Kinoshita
- 12/148 The Relationship between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa
  - Stotsky, Janet Gale, Olumuyiwa Adedeji, Manuk Ghazanchyan, Nils O. Maehle
- 12/141 Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants
  - Razafimahefa, Ivohasina Fizara
- 12/136 Welfare Effects of Monetary Integration: The Common Monetary Area and Beyond
  - Asonuma, Tamon, Xavier Debrun, and Paul R. Masson
- 12/127 As You Sow So Shall You Reap: Public Investment Surges, Growth, and Debt Sustainability in Togo
  - Andrle, Michal, Antonio David, Raphael A. Espinoza, Marshall Mills, and Luis-Felipe Zanna
- 12/119 Tracking Short-Term Dynamics of Economic Activity in Low-Income Countries in the Absence of High-Frequency GDP Data
  - Opoku-Afari, Maxwell, and Shiv Dixit
- 12/108 Mobilizing Revenue in Sub-Saharan Africa: Empirical Norms and Key Determinants
  - Drummond, Paulo, Wendell Daal, Nandini Srivastava, and Luiz E.

*Content extracted from sreo0517-pubs - Section 1*

### Section 2

### sreo0517-pubs - Section 2

### Publication entries (codes and titles with authors)
- 12/94 Monetary Policy in Low-Income Countries in the Face of the Global Crisis: The Case of Zambia — Baldini, Alfredo, Jaromir Benes, Andrew Berg, Mai Dao, and Rafael Portillo
- 12/93 Fiscal Policies and Rules in the Face of Revenue Volatility Within Southern Africa Customs Union Countries (SACU) — Basdevant, Olivier
- 12/92 Real Wage, Labor Productivity, and Employment Trends in South Africa: A Closer Look — Klein, Nir
- 12/73 Exchange Rate Volatility Under Peg: Do Trade Patterns Matter? — Lonkeng Ngouana, Constant
- 12/32 Assessing Bank Competition within the East African Community — Sanya, Sarah, and Matthew Gaertner
- 12/20 Prudential Liquidity Regulation in Developing Countries: A Case Study of Rwanda — Sanya, Sarah, Wayne Mitchell, and Angelique Kantengwa
- 12/18 Capital Market Integration: Progress Ahead of the East African Community Monetary Union — Yabara, Masafumi
- 12/7 International Reserves in Low-Income Countries: Have They Served as Buffers? — Cripolti, Valerio, and George Tsibouris
- 11/294 Inflation Differentials in the GCC: Does the Oil Cycle Matter? — Mohaddes, Kamiar, and Oral Williams
- 11/281 Effectiveness of Capital Controls in Selected Emerging Markets in the 2000s — Baba, Chikako, and Annamaria Kokenyne
- 11/280 How Costly Are Debt Crises? — Furceri, Davide, and Aleksandra Zdzienicka
- 11/275 Monetary Policy Transmission in Ghana: Does the Interest Rate Channel Work? — Kovanen, Arto
- 11/274 Does Money Matter for Inflation in Ghana? — Kovanen, Arto
- 11/273 On the Stability of Monetary Demand in Ghana: A Bounds Testing Approach — Dagher, Jihad, and Arto Kovanen
- 11/268 Oil-Price Boom and Real Exchange Rate Appreciation: Is There Dutch Disease in the CEMAC? — Treviño, Juan Pedro
- 11/266 The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland — Basdevant, Olivier, Dalmacio Benicio, Borislava Mircheva, Joannes Mongardini, Geneviève Verdier, Susan Yang, and Luis-Felipe Zanna
- 11/246 Do Remittances Reduce Aid Dependency? — Kpodar, Kangni, and Maelan Le Goff
- 11/233 Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries: How Do They Differ? — Tabova, Alexandra, and Carol L. Baker
- 11/232 Inflation Dynamics in the CEMAC Region — Caceres, Carlos, Marcos Poplawski-Ribeiro, Darlena Tartari
- 11/207 External Sustainability of Oil-Producing Sub-Saharan African Countries — Takebe, Misa, and Robert C. York
- 11/205 The Cyclicality of Fiscal Policies in the CEMAC Region — Mpatswe, Gaston K., Sampawende J. Tapsoba, and Robert C. York
- 11/204 South Africa: The Cyclical Behavior of the Markups and Its Implications for Monetary Policy — Klein, Nir
- 11/202 Burkina Faso—Policies to Protect the Poor from the Impact of Food and Energy Price Increases — Arze del Granado, Javier, and Isabell Adenauer
- 11/198 De Jure versus De Facto Exchange Rate Regimes in Sub-Saharan Africa — Slavov, Slavi T.
- 11/196 Financial Deepening, Property Rights and Poverty: Evidence from Sub-Saharan Africa — Singh, Raju Jan, and Yifei Huang
- 11/178 FDI from BRICs to LICs: Emerging Growth Driver? — Mlachila, Montfort, and Misa Takebe
- 11/176 Determinants of Interest Rate Pass-Through: Do Macroeconomic Conditions and Financial Market Structure Matter? — Gigineishvili, Nikoloz
- 11/174 The Quest for Higher Growth in the WAEMU Region: The Role of Accelerations and Decelerations — Kinda, Tidiane, and Montfort Mlachila
- 11/172 Fiscal Policy Implementation in Sub-Saharan Africa — Lledo, Victor Duarte, and Marcos Poplawski Ribeiro
- 11/149 Post-Conflict Recovery: Institutions, Aid, or Luck? — David, Antonio, Fabiano Rodrigues Bastos, and Marshall Mills
- 11/104 Ghana: Will It Be Gifted, or Will It Be Cursed? — Aydin, Burcu
- 11/102 Oil Spill(over)s: Linkages in Petroleum Product Pricing Policies in West African Countries — David, Antonio, Mohamed El Harrak, Marshall Mills, and Lorraine Ocampos
- 11/80 Feeling the Elephant’s Weight: The Impact of Côte d’Ivoire’s Crisis on WAEMU Trade — Egoumé-Bossogo, Philippe, and Ankouvi Nayo
- 11/73 ICT, Financial Inclusion, and Growth Evidence from African Countries — Andrianaivo, Mihasonirina, and Kangni Kpodar
- 11/69 Fiscal Sustainability and the Fiscal Reaction Function for South Africa — Burger, Philippe, Alfredo Cuevas, Ian Stuart, and Charl Jooste
- 11/64 Reviving the Competitive Storage Model: A Holistic Approach to Food Commodity Prices — Miao, Yanliang, Weifeng Wu, and Norbert Funke
- 11/59 Inflation Uncertainty and Relative Price Variability in WAEMU — Fernandez Valdovinos, Carlos, and Kerstin Gerling
- 11/57 Modeling Inflation in Chad — Kinda, Tidiane
- 11/48 Fiscal Expectations under the Stability and Growth Pact: Evidence from Survey Data — Poplawski-Ribeiro, Marcos, and Jan-Christoph Rulke
- 11/40 Growth in Africa under Peace and Market Reforms — Korbut, Olessia, Gonzalo Salinas, and Cheikh A. Gueye
- 11/20 Feeling the Elephant’s Weight: The Impact of Côte d’Ivoire’s Crisis on WAEMU Trade — Egoumé-Bossogo, Philippe, and Nayo Ankouvi
- 11/9 Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate — Kinda, Tidiane, Jean-Louis Combes, and Patrick Plane
- 10/292 Weathering the Global Storm: The Benefits of Monetary Policy Reform in the LA5 Countries — Canales-Kriljenko, Jorge Iván, Luis Ignacio Jácome, Ali Alichi, and Ivan Luis de Oliveira Lima
- 10/269 Export Tax and Pricing Power: Two Hypotheses on the Cocoa Market in Côte d’Ivoire — Kireyev, Alexei
- 10/225 What Can International Cricket Teach Us About the Role of Luck in Labor Markets? — Aiyar, Shekhar, and Rodney Ramcharan
- 10/217 Performance of Fiscal Accounts in South Africa in a Cross-Country Setting — Aydin, Burcu
- 10/216 Cyclicality of Revenue and Structural Balances in South Africa — Aydin, Burcu
- 10/210 Mother, Can I Trust the Government? Sustained Financial Deepening—A Political Institutions View — Quintyn, Marc, and Geneviève Verdier
- 10/195 Islamic Banking: How Has It Diffused? — Imam, Patrick A., and Kangni Kpodar
- 10/191 A Macro Model of the Credit Channel in a Currency Union Member: The Case of Benin — Samaké, Issouf
- 10/166 How Do International Financial Flows to Developing Countries Respond to Natural Disasters? — David, Antonio
- 10/162 Exchange Rate Assessment for Sub-Saharan Economies — Aydin, Burcu
- 10/148 Balance Sheet Vulnerabilities of Mauritius during a Decade of Shocks — Imam, Patrick A., and Rainer Koehler
- 10/140 Beyond Aid: How Much Should African Countries Pay to Borrow? — Gueye, Cheikh A., and Amadou N.R. Sy
- 10/136 Banking Efficiency and Financial Development in Sub-Saharan Africa — Kablan, Sandrine
- 10/132 FDI Flows to Low-Income Countries: Global Drivers and Growth Implications — Dabla-Norris, Era, Jiro Honda, Amina Lahrèche-Révil, and Geneviève Verdier
- 10/118 The Linkage between the Oil and Nonoil Sectors—A Panel VAR Approach — Klein, Nir
- 10/115 Short- versus Long-Term Credit and Economic Performance: Evidence from the WAEMU — Kpodar, Kangni, and Kodzo Gbenyo
- 10/80 Budget Institutions and Fiscal Performance in Low-Income Countries — Dabla-Norris, Era, Richard Allen, Luis-Felipe Zanna, Tej Prakash, Eteri Kvintradze, Victor Duarte Lledo, Irene Yackovlev, and Sophia Gollwitzer
- 10/66 ICT Equipment Investment and Growth in Low- and Lower-Middle-Income Countries — Haacker, Markus
- 10/58 The Real Exchange Rate and Growth Revisited: The Washington Consensus Strikes Back? — Berg, Andrew, and Yanliang Miao
- 10/49 Firm Productivity, Innovation, and Financial Development — Dabla-Norris, Era, Eramus Kersting, and Geneviève Verdier
- 09/274 Cyclical Patterns of Government Expenditures in Sub-Saharan Africa: Facts and Factors — Lledo, Victor, Irene Yackovlev, and Lucie Gadenne
- 09/269 A Framework to Assess the Effectiveness of IMF Technical Assistance in National Accounts — Pastor, Gonzalo C.
- 09/260 Improving Surveillance Across the CEMAC Region — Iossifov, Plamen, Noriaki Kinoshita, Misa Takebe, Robert C. York, and Zaijin Zhan
- 09/244 A Rule Based Medium-Term Fiscal Policy Framework for Tanzania — Kim, Daehaeng, and Mika Saito
- 09/227 Analyzing Fiscal Space Using the MAMS Model: An Application to Burkina Faso — Gottschalk, Jan, Vu Manh Le, Hans Lofgren, and Kofi Nouve
- 09/216 Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa — Singh, Raju Jan, Markus Haacker, and Kyung-woo Lee
- 09/215 São Tomé and Príncipe: Domestic Tax System and Tax Revenue Potential — Farhan, Nisreen
- 09/192 The Gambia: Demand for Broad Money and Implications for Monetary Policy Conduct — Sriram, Subramanian S.
- 09/182 Understanding the Growth of African Markets — Yartey, Charles Amo, and Mihasonirina Andrianaivo
- 09/180 Credit Growth in Sub-Saharan Africa—Sources, Risks, and Policy Responses — Iossifov, Plamen, and May Y. Khamis
- 09/155 Spillovers from the Rest of the World into Sub-Saharan African Countries — Drummond, Paulo, Flavio Nacif, and Gustavo Ramirez
- 09/148 In Search of Successful Inflation Targeting: Evidence from an Inflation Targeting Index — Miao, Yanliang
- 09/146 Introducing the Euro as Legal Tender—Benefits and Costs of Eurorization for Cape Verde — Imam, Patrick A.
- 09/115 The Macroeconomics of Scaling Up Aid: The Gleneagles Initiative for Benin — Mongardini, Joannes, and Issouf Samaké
- 09/114 Sub-Saharan Africa’s Integration in the Global Financial Markets — Deléchat, Corinne, Gustavo Ramirez, Smita Wagh, and John Wakeman-Linn
- 09/113 Financial Deepening in the CFA Franc Zone: The Role of Institutions — Singh, Raju, Kangni Kpodar, and Dhaneshwar Ghura
- 09/107 Madagascar: A Competitiveness and Exchange Rate Assessment — Eyraud, Luc
- 09/98 Understanding Inflation Inertia in Angola — Klein, Nir, and Alexander Kyei
- 09/75 Grants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries — Mongardini, Joannes, and Brett Rayner
- 09/37 Dedollarization in Liberia—Lessons from Cross-Country Experience — Erasmus, Lodewyk, Jules Leichter, and Jeta Menkulasi
- 09/36 The Macroeconomic Impact of Scaled-Up Aid: The Case of Niger — Farah, Abdikarim, Emilio Sacerdoti, and Gonzalo Salinas
- 09/27 The Value of Institutions for Financial Markets: Evidence from Emerging Markets — Akitoby, Bernardin, and Thomas Stratmann
- 09/25 Why Isn’t South Africa Growing Faster? A Comparative Approach — Eyraud, Luc
- 09/15 The Determinants of Commercial Bank Profitability in Sub-Saharan Africa — Flamini, Valentina, Calvin A. McDonald, and Liliane Schumacher
- 09/14 Bank Efficiency in Sub-Saharan African Middle-Income Countries — Chen, Chuling
- 09/11 How Can Burundi Raise its Growth Rate? The Impact of Civil Conflicts and State Intervention on Burundi’s Growth Performance — Basdevant, Olivier

*Regional Economic Outlook: Sub-Saharan Africa — Section 2 publication list*

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_Source: https://www.imf.org/-/media/files/publications/reo/afr/2017/may/pdf/sreo0517-pubs.pdf_