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Showing 1 through 8 of 8 results

Adopting the Euro in Central Europe

by Susan Schadler Paulo Drummond Louis Kuijs Zuzana Murgasova Rachel Van Elkan

Upon entry into the European Union (EU), countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency. This paper examines likely economic developments and policy challenges for the five former transition countries in central Europe (the Czech Republic, Hungary, Poland, the Slovak Republic and Slovenia) which joined the EU in May 2004. These economies operate independent monetary policies but have not yet achieved policy convergence with the rest of the euro area.

Foreign Reserve Adequacy in Sub-Saharan Africa

by Paulo Drummond Anubha Dhasmana

A report from the International Monetary Fund.

Former Yugoslav Republic of Macedonia Banking Soundness and Recent Lessons

by Paulo Drummond

A report from the International Monetary Fund.

Implications of Oil Inflows for Savings and Reserve Management in the CEMAC

by Paulo Drummond

A report from the International Monetary Fund.

Macroeconomic Management and the Devolution of Fiscal Powers

by Paulo Drummond Ali Mansoor

A report from the International Monetary Fund.

Spillover Effects and the East African Community

by Paulo Drummond Gustavo Ramirez

The East African Community (EAC) countries--Kenya, Tanzania, Uganda, and Rwanda--have been affected by the global financial crisis and global recession. the fall in global demand and inflows and tighter liquidity conditions abroad affected the countries in this region as elsewhere in sub-Saharan Africa. But how hard have countries in the EAC been hit? Have the spillovers from the global crisis affected countries in the region as much as other countries in the sub-Saharan region? Have the transmission channels or magnitudes of the spillovers been different across EAC countries? How can these countries return quickly to a path of sustained high growth? What is the role for policy? Would acceleration of regional integration and policy coordination help achieve this goal? Would it make the region less susceptible to shocks? This paper focus on the EAC countries and attempts to address these questions.

Spillovers from the Rest of the World into Sub-Saharan African Countries1

by Paulo Drummond Gustavo Ramirez

A report from the International Monetary Fund.

Showing 1 through 8 of 8 results

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