Sub-Saharan Africa's Integration in the Global Financial Markets / / Corinne Delechat, John Wakeman-Linn, Smita Wagh, Gustavo Ramirez

• Autore: Delechat Corinne
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (39 p.)
• Disciplina: 332;332.042;332/.042
• Soggetto topico: Capital movements - Africa, Sub-Saharan; Economic development - Africa, Sub-Saharan; International finance; Balance of payments; Capital flows; Capital inflows; Capital movements; Corporate Finance and Governance; Economic Development: Financial Markets; Economic Growth of Open Economies; Economywide Country Studies: Africa; Exports and Imports; Finance; Finance: General; Financial Aspects of Economic Integration; Financial Markets and the Macroeconomy; Financial markets; Financial sector development; Financial services industry; Foreign direct investment; Institutions and Growth; International economics; International Investment; Investments, Foreign; Long-term Capital Movements; Private capital flows; Saving and Capital Investment
• Soggetto geografico: South Africa
• Altri autori: RamirezGustavo WaghSmita Wakeman-LinnJohn
• 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
• ISBN: 9786612843297; 9781462387052; 1462387055; 9781452701639; 1452701636; 9781451872613; 1451872615; 9781282843295; 128284329X
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910957186703321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/114