Vai al contenuto principale della pagina

Sub-Saharan Africa's Integration in the Global Financial Markets



(Visualizza in formato marc)    (Visualizza in BIBFRAME)

Titolo: Sub-Saharan Africa's Integration in the Global Financial Markets Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica: 1 online resource (39 p.)
Soggetto topico: Capital movements - Africa, Sub-Saharan
Economic development - Africa, Sub-Saharan
International finance
Exports and Imports
Finance: General
International Investment
Long-term Capital Movements
Financial Aspects of Economic Integration
Economic Growth of Open Economies
Economic Development: Financial Markets
Saving and Capital Investment
Corporate Finance and Governance
Institutions and Growth
Economywide Country Studies: Africa
Financial Markets and the Macroeconomy
International economics
Finance
Capital flows
Private capital flows
Capital inflows
Financial sector development
Foreign direct investment
Balance of payments
Financial markets
Capital movements
Financial services industry
Investments, Foreign
Soggetto geografico: South Africa
Note generali: "May 2009."
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: Contents; I. Introduction; Figures; 1. Private Capital Inflows to Sub-Saharan Africa, 2000-07; II. Recent trends in financial globalization in SSA; 2. Global Liquidity; Tables; 1. Private Capital Flows: Volatility; 3. Domestic; 4. Recipients of Private Capital Flows; 5. Top Ten Recipients of Private Capital; III. Determinants of Private Capital Flows to SSA; 6. External Vulnerability; 2. Capital Market Development in Sub-Saharan Africa; A. Recent Literature; B. Estimation strategy and Model; C. Empirical Analysis; 3. Baseline OLS Estimation Results
4. Instrumental Variables Estimation Results IV. Do private capital flows have an impact on growth in SSA?; A. Correlation Analysis; 7. Sub-Saharan Africa: Capital Flows and Real GDP Growth; B. Testing channels of transmission of private capital flows on growth; 5. Correlations: Net Capital Flows and Real Growth; 6. Channels of Transmission Between Capital Flows and Growth; C. How do Private Capital Flows Affect Growth?; 7. Estimation Results: Linear Growth Model with Capital Flows; V. Conclusion; Appendices; I. Capital Flows Data; II. Variables Definitions and Sources
III. Determinants of Capital Flows: Descriptive Statistics and CorrelationsIV. Private Capital Flows and Growth; References
Sommario/riassunto: The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth. In our sample, the degree of financial market development is an important determinant of the distribution of capital flows across countries as opposed to property rights institutions. The fairly consistent positive association between net capital flows and growth for SSA countries contrasts with the more pessimistic results of recent studies, though our data do not allow us to make conclusive inferences about a causality relationship.
Titolo autorizzato: Sub-Saharan Africa's Integration in the Global Financial Markets  Visualizza cluster
ISBN: 1-4623-8705-5
1-4527-0163-6
9786612843297
1-4518-7261-5
1-282-84329-X
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910788334503321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: IMF Working Papers; Working Paper ; ; No. 2009/114