Sierra Leone: Selected Issues and Statistical Appendix

January 13, 2009

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Sierra Leone: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2009) accessed September 19, 2024

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.

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

Keywords: BSL policy objective, CR, Current account, Current account balance, Current account balance, Exchange rates, Interest rate, ISCR, Monetary policy, Pairwise interest rate granger causality, Price, Rate, Real effective exchange rates, REER overvaluation, Renders imports, Sub-Saharan Africa, Treasury bills and bonds

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/012
Stock No:

1SLEEA2009002
ISBN:

9781451834659
ISSN:

1934-7685

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