LEADER 04162oam 22008654 450 001 9910828558803321 005 20200520144314.0 010 $a1-4623-0431-1 010 $a1-4527-1072-4 010 $a1-4518-7222-4 010 $a9786612842962 010 $a1-282-84296-X 035 $a(CKB)3170000000055244 035 $a(EBL)1608244 035 $a(SSID)ssj0000941200 035 $a(PQKBManifestationID)11586489 035 $a(PQKBTitleCode)TC0000941200 035 $a(PQKBWorkID)10963701 035 $a(PQKB)11749819 035 $a(OCoLC)608253694 035 $a(IMF)WPIEE2009075 035 $a(MiAaPQ)EBC1608244 035 $a(IMF)WPIEA2009075 035 $a(EXLCZ)993170000000055244 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGrants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries /$fJoannes Mongardini, Brett Rayner 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (29 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1657-4 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; Figures; 1. The Scaling-up of Grants; II. Recent Literature; 2. The Scaling-up of Remittances; III. Data and Empirical Methodology; IV. Estimation Results; Tables; 1. Pooled Mean Group Estimates - Grants and Remittances; 2. Contribution of Fundamentals to Changes in ERER, 1980-2006; V. Concluding Remarks; References; Appendix; Appendix Tables; A1. Data Description and Sources; A2. Unit Root Tests; A3. Pooled Mean Group Estimates-Fundamentals; A4. Pooled Mean Group Estimates for Oil Exporters; Appendix Figures 327 $aA1. Real Effective Exchange Rates and Equilibrium Real Exchange Rates, Non-oil Countries, 1980-2006A2. Real Exchange Rate Disequilibria, Non-oil Countries, 1980-2006 (in percent); A3. Equilibrium Real Exchange Rates and Real Exchanges Rates Oil Countries; A4. Real Exchange Rate Misalignments, Oil Countries (in percent) 330 3 $aThis paper builds on the methodology developed by Chudik and Mongardini (2007) to estimate the relationship between grants and remittances and the equilibrium real exchange rate in Sub-Saharan African (SSA) countries using panel techniques. The results indicate that grants and remittances are not associated, in the long run, with an appreciation of the real effective exchange in SSA and are therefore not likely to give rise to Dutch disease effects. These findings suggest that grants and remittances may be serving to ease supply constraints or boost productivity in the non-tradable sector in the recipient economies. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/075 606 $aSubsidies$zAfrica, Sub-Saharan 606 $aForeign exchange rates$zAfrica, Sub-Saharan 606 $aBalance of payments$2imf 606 $aCurrency$2imf 606 $aExports and Imports$2imf 606 $aForeign Aid$2imf 606 $aForeign Exchange$2imf 606 $aForeign exchange$2imf 606 $aInternational economics$2imf 606 $aInternational finance$2imf 606 $aReal exchange rates$2imf 606 $aRemittances$2imf 607 $aTanzania, United Republic of$2imf 615 0$aSubsidies 615 0$aForeign exchange rates 615 7$aBalance of payments 615 7$aCurrency 615 7$aExports and Imports 615 7$aForeign Aid 615 7$aForeign Exchange 615 7$aForeign exchange 615 7$aInternational economics 615 7$aInternational finance 615 7$aReal exchange rates 615 7$aRemittances 676 $a338.9669 700 $aMongardini$b Joannes$01619193 701 $aRayner$b Brett$01719450 801 0$bDcWaIMF 906 $aBOOK 912 $a9910828558803321 996 $aGrants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries$94117288 997 $aUNINA