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"The dominant influence of South African goods on the Botswana CPI basket leads to the expectation that South African prices have a significant role in determining prices in Botswana. This paper examines Botswana's price and inflation relationship…
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This study investigated the interest rate pass-through and its implications for monetary policy effectiveness in Malawi. Using the cost-of-funds approach and monthly data from 2009 to 2015, an autoregressive distributed lag model was estimated. Resu…
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COVID-19 has caused an unprecedented economic and health shock in Uganda, as has been the case globally. After the World Health Organization announcement that COVID-19 was a global pandemic, the government of Uganda undertook decisive measures to ab…
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This document outlines the economic impact of the COVID-19 pandemic in Benin. We focus on the monetary and fiscal policy implemented by the government of Benin and the Central Bank of West African States (BCEAO). We found that the government and the…
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The study aimed at investigating how the interbank market affects the monetary policy transmission mechanism in Malawi. To achieve that, the study analyzed the nature of the relationship between excess reserves and the interbank market rate and trie…
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The study aimed at investigating how the interbank market affects the monetary policy transmission mechanism in Malawi. To achieve that, the study analysed the nature of the relationship between excess reserves and the interbank market rate and trie…
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There is no doubt that COVID-19 induced headwinds have rattled the EAC Partner States, the effects of which are: sluggish economic growth; weak private sector credit growth in spite of record low lending rates; weakened external sector and weakened …
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Energy inflation has become more volatile and has evolved independently of other components of headline inflation over the years. Therefore, the use of one Phillips curve to capture short-run inflation dynamics may be inadequate in terms of helping …
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Today's internet has become an essential platform for accessing relevant information on various topics and policies; as well as on institution's daily activities. Countless individual users share their opinions and positions on social life, policies…
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This paper aims at examining the role of banks in the transmission of the monetary policy in the West African Economic and Monetary Union (WAEMU). By using a simple theoretical model, this paper shows that improving the quality of institutions and a…
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Empirical research has already established the existence of asymmetric shocks between the countries of the West African Economic and Monetary Union (WAEMU). The current study re-examines this issue by attempting to answer the following question: Are…
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Empirical research has already established the existence of asymmetric shocks between the countries of the West African Economic and Monetary Union (WAEMU). The current study re-examines this issue by attempting to answer the following question: Are…
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This policy brief outlines the economic impact of the COVID-19 pandemic in Benin. We focus on the monetary and fiscal policy implemented by the government of Benin and the Central Bank of West African States. Government and the bank acted rapidly to…
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When inaugurating the new Bank of Ghana Board on August 20, the President expressed concern about the high lending rates in the country and the negative impact on growth. He called out the Board to address the problem as a matter of urgency. The Gov…
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This document is a publication by the Institute of Economic Affairs (IEA-Kenya) that presents a synthesis of the IMF Country Report No. 21/72 that was published in April 2021. The report contained the information and analyses of the agreement to a 3…
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Kenya experienced overall macro stability and modest growth of 5.5% for the period 2017 to 2019. This economic performance was achieved despite fiscal health challenges owing to fast rise in stock of public debt. The onset of COVID 19 pandemic in Ma…
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