Departmental Papers

Macro-Financial Linkages in Shallow Markets: Experience from the African Department’s Pilot Countries

July 23, 2018

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Macro-Financial Linkages in Shallow Markets: Experience from the African Department’s Pilot Countries, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper assesses and disseminates experiences and lessons from low-income countries (LICs) in Sub-Saharan Africa that were selected by the Africa Department in 2015-16 as pilots for enhanced analysis of macro-financial linkages in Article IV staff reports. The paper focuses on the common characteristics across the pilot countries and highlights the tools used in the analysis, the challenges encountered, and the solutions deployed in overcoming them.

Subject: Banking, Credit, Economic sectors, Financial markets, Financial sector, Financial sector development, Financial sector policy and analysis, Financial services, Money, Stress testing

Keywords: Bank agent, Bank competition, Bank information cost, Bank level, Banking sector, Banking system assets, Banks in Benin, Central bank, Composite index, Cost of funds, Credit, Credit risk, DP, DPPP, East Africa, East Asia, Economic value, Financial sector, Financial sector development, Financial system assets, Interest rate, Lending condition, Malawian bank, Middle East, Stress testing, Sub-Saharan Africa

Publication Details

  • Pages:

    53

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Departmental Paper No. 2018/012

  • Stock No:

    MFLSMEA

  • ISBN:

    9781484361498

  • ISSN:

    2616-5333