Departmental Papers

Macroeconomic Vulnerabilities Stemming from the Global Economic Crisis: The Case of Swaziland

By Olivier Basdevant, Chikako Baba, Borislava Mircheva

December 23, 2011

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Olivier Basdevant, Chikako Baba, and Borislava Mircheva. Macroeconomic Vulnerabilities Stemming from the Global Economic Crisis: The Case of Swaziland, (USA: International Monetary Fund, 2011) accessed September 18, 2024

Summary

Swaziland has faced a significant fiscal crisis since 2010, in the wake of loss of transfers from the Southern African Customs Union (SACU). The fiscal crisis has led to increasing vulnerabilities, not only of public finances but also on commercial banks and the private sector. This paper provides an analysis of Swaziland's main macroeconomic vulnerabilities and the main policy implications of the analysis.

Subject: Banking, Central banks, Commercial banks, Currencies, External debt, Financial institutions, International reserves, Money, Public debt

Keywords: Africa, Commercial banks, Currencies, Currency, Debt, Debt stock, Deficit, Deficit norm, DP, DPPP, Equilibrium current account deficit norm, GDP, GDP deflator, Global, International reserves, Long-term debt, Macroeconomic vulnerability, Open economy, Southern Africa, Sub-Saharan Africa, Swaziland

Publication Details

  • Pages:

    37

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Departmental Paper No. 2011/008

  • Stock No:

    MVSGEEA

  • ISBN:

    9781475510164

  • ISSN:

    2616-5333