Stress Testing In Sub Saharan Africa

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Stress Testing in Sub-Saharan Africa

Author : Mindaugas Leika,Hector Perez-Saiz,Ms.Olga Ilinichna Stankova,Torsten Wezel
Publisher : International Monetary Fund
Page : 58 pages
File Size : 54,7 Mb
Release : 2020-05-11
Category : Business & Economics
ISBN : 9781513532912

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Stress Testing in Sub-Saharan Africa by Mindaugas Leika,Hector Perez-Saiz,Ms.Olga Ilinichna Stankova,Torsten Wezel Pdf

The paper finds that supervisory stress tests are conducted in more than half of sub-Saharan African countries, particularly in western and southern Africa, and that the number of individual stress tests has grown exponentially since the early 2010s. By contrast, few central banks publish assessments of macro-financial linkages; the focus leans more toward discussing trends and weaknesses within the financial sector than on outside risks that may negatively affect its performance.

Handbook of Financial Stress Testing

Author : J. Doyne Farmer,Alissa M. Kleinnijenhuis,Til Schuermann,Thom Wetzer
Publisher : Unknown
Page : 729 pages
File Size : 50,5 Mb
Release : 2022-04-14
Category : Mathematics
ISBN : 9781108830737

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Handbook of Financial Stress Testing by J. Doyne Farmer,Alissa M. Kleinnijenhuis,Til Schuermann,Thom Wetzer Pdf

Discover current uses and future development of stress tests, the most innovative regulatory tool to prevent and fight financial crises.

Regional Economic Outlook, October 2009, Sub-Saharan Africa

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 102 pages
File Size : 48,6 Mb
Release : 2009-10-02
Category : Business & Economics
ISBN : 9781589068575

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Regional Economic Outlook, October 2009, Sub-Saharan Africa by International Monetary Fund. African Dept. Pdf

Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October.

Macro-Financial Linkages in Shallow Markets

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 53 pages
File Size : 40,8 Mb
Release : 2018-07-23
Category : Business & Economics
ISBN : 9781484361498

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Macro-Financial Linkages in Shallow Markets by International Monetary Fund. African Dept. Pdf

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.

South Africa

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 104 pages
File Size : 52,6 Mb
Release : 2014-12-11
Category : Business & Economics
ISBN : 9781498314176

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South Africa by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper discusses findings of the Financial System Stability Assessment for South Africa. South Africa’s financial sector operates in a challenging economic environment. Despite remarkable progress since the end of apartheid in 1994, South Africa still has one of the world’s highest unemployment and income inequality rates. Slow economic growth since 2008 has further aggravated unemployment, real disposable income is stagnant, and households are heavily indebted. Relatively high capital buffers as well as sound regulation and supervision have helped mitigate the risks. Stress tests confirm the capital resiliency of banks and insurance companies to severe shocks but illustrate a vulnerability to liquidity shortfalls.

The Financial Performance and Macrofinancial Implications of Large State-Owned Enterprises in Sub-Saharan Africa

Author : Torsten Wezel,Naly Carvalho
Publisher : International Monetary Fund
Page : 32 pages
File Size : 54,5 Mb
Release : 2022-03-18
Category : Business & Economics
ISBN : 9798400202452

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The Financial Performance and Macrofinancial Implications of Large State-Owned Enterprises in Sub-Saharan Africa by Torsten Wezel,Naly Carvalho Pdf

Using a newly-compiled dataset of state-owned enterprises in Sub-Saharan Africa, we present aggregate information about profitability, liquidity and leverage. We find that 40 percent of the close to 300 surveyed SOEs are unprofitable, while larger firms also tend to be illiquid and overleveraged. In cross-sectional regressions we find that SOE debt stock sustainability is impacted by firms’ profitability and liquidity, while macroeconomic factors cannot be shown to matter, expect for some governance variables. Based on these findings and citing country examples, we also illustrate that weak SOE performance may have a macrofinancial impact affecting bank soundness through delinquent loan exposures.

Kingdom of Swaziland

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 24 pages
File Size : 45,7 Mb
Release : 2015-12-23
Category : Business & Economics
ISBN : 9781513518879

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Kingdom of Swaziland by International Monetary Fund. African Dept. Pdf

This Selected Issues paper assesses Swaziland’s export diversification and quality. Swaziland’s export structure has experienced sizable changes over the past 15 years. The share of textile exports has halved, and the expiration of trade benefits under Africa Growth Opportunity Act (AGOA) implies that the share of textile exports would decline further. Swaziland’s exports are relatively diversified with good quality index compared with its peers. However, diversification and product quality have declined in recent years, while the expiration of the access to AGOA calls for enhanced efforts in this area. Improving education and training, strengthening institutional framework, and further developing the financial market will help improve export diversification and quality upgrading.

Global Financial Transmission into Sub-Saharan Africa – A Global Vector Autoregression Analysis

Author : Mr.Jorge Iván Canales Kriljenko,Mehdi Hosseinkouchack,Alexis Meyer-Cirkel
Publisher : International Monetary Fund
Page : 29 pages
File Size : 44,9 Mb
Release : 2014-12-29
Category : Business & Economics
ISBN : 9781498305051

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Global Financial Transmission into Sub-Saharan Africa – A Global Vector Autoregression Analysis by Mr.Jorge Iván Canales Kriljenko,Mehdi Hosseinkouchack,Alexis Meyer-Cirkel Pdf

Sub-Saharan African countries are exposed to spillovers from global financial variables, but the impact on economic activity is more significant in more financially developed economies. Generalized impulse responses from a GVAR exercise demonstrate how the CBOE volatility index (VIX) and credit conditions around the globe impact a subset of sub-Saharan African economies and regions. The estimated relationships suggest that the effect of global uncertainty is more pervasive in exports, with the impact on economic and lending activities being mixed. The channels of transmission include the effects of global financial variables on commodity prices and on trading-partner’s macroeconomic and financial variables. The analysis suggests that shocks to credit conditions in the euro area and the U.S. have not significantly affected local lending conditions or economic activity in sub-Saharan Africa during 1991-2011, except perhaps in South Africa.

Regional Economic Outlook, October 2013, Sub-Saharan Africa

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 243 pages
File Size : 55,6 Mb
Release : 2013-10-31
Category : Business & Economics
ISBN : 9781484300480

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Regional Economic Outlook, October 2013, Sub-Saharan Africa by International Monetary Fund. African Dept. Pdf

The October 2013 Regional Economic Outlook: Sub-Saharan Africa provides a comprehensive report on the prospects for growth in the region, as well as the major risks to the outlook. Generally, growth is expected to remain strong despite a downward revision since the May 2013 report. The report analyzes drivers of growth in nonresource-rich sub-Saharan African countries, and examines the risks to frontier market economies of volatile capital flows as they become more integrated with international capital markets.

Regional Economic Outlook, October 2019, Sub-Saharan Africa

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 78 pages
File Size : 45,7 Mb
Release : 2019-10-18
Category : Business & Economics
ISBN : 9781513514055

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Regional Economic Outlook, October 2019, Sub-Saharan Africa by International Monetary Fund. African Dept. Pdf

Growth in sub-Saharan Africa is expected to pick up, though at a slower pace than previously expected. This revision reflects a more challenging external environment, continued output disruptions in oil-exporting countries, and a weaker-than-anticipated growth in South Africa. The challenge for the region is to boost growth to create jobs for the growing labor force, while protecting against debt vulnerabilities and risks from a difficult global environment.

Regional Economic Outlook, April 2009, Sub-Sarahan Africa

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 108 pages
File Size : 44,8 Mb
Release : 2009-04-24
Category : Business & Economics
ISBN : 9781589068384

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Regional Economic Outlook, April 2009, Sub-Sarahan Africa by International Monetary Fund. African Dept. Pdf

Prepared by the IMF African Department, and published twice a year in English and French, Regional Economic Outlook: Sub-Saharan Africa analyzes the macroeconomic performance and short-term prospects of sub-Saharan Africa and provides and in-depth analysis of selected topics. The April 2009 Outlook includes two chapters: one on the macroeconomic impact of the global financial crisis on sub-Saharan Africa, and the other on the impact of the crisis on financial systems in the region. Detailed country data are provided in a statistical appendix.

Climate Change and Crop Production

Author : Matthew P. Reynolds
Publisher : CABI
Page : 310 pages
File Size : 42,7 Mb
Release : 2010
Category : Science
ISBN : 9781845936334

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Climate Change and Crop Production by Matthew P. Reynolds Pdf

Agricultural, botanical, and social scientists from the four quarters of the world address the impact of climate change on crop productivity, some approaches to adapt plants to both biotic and abiotic stresses, and measures to reduce greenhouse gases. They cover predictions of climate change within the context of agriculture, adapting to biotic and abiotic stresses through crop breeding, sustainable and resource-conserving technologies for adapting to and mitigating climate change, and new tools for enhancing crop adaptation to climate change. Specific topics include economic impacts of climate change on agriculture to 2030, breeding for adaptation to heat and drought stress, managing resident soil microbial community structure and function to suppress the development of soil-borne diseases, and applying geographical information systems (GIS) and crop simulation modeling in climate change research.

Stress Testing the System

Author : Roger M. Kubarych
Publisher : Council on Foreign Relations Press
Page : 212 pages
File Size : 49,9 Mb
Release : 2001
Category : Business & Economics
ISBN : UCSD:31822031584311

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Stress Testing the System by Roger M. Kubarych Pdf

Stress Testing the System hypothesizes a fictional scenario in which a future financial crisis originates in the United States but quickly fans out to envelop financial markets around the world. The potential impacts on the global economy, on U.S. foreign relations, and on national security are played out in an intense financial " war game" with 75 current and former policymakers, market participants, and experts on finance, economics, foreign policy, and national security playing the roles of key government officials and agencies.

Morocco

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 47 pages
File Size : 51,6 Mb
Release : 2016-02-08
Category : Business & Economics
ISBN : 9781475514216

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Morocco by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper assesses financial sector vulnerabilities, the policy oversight framework, bank resolution, and financial safety nets. The assessment is intended to help Moroccan government identify key sources of systemic risk in the financial sector and implement policies to enhance its resilience to shocks and contagion. Since the 2007 Financial Sector Assessment Program update, Morocco's financial system has grown in size and complexity, with increased links between the banking and insurance sectors and a significant expansion into sub-Saharan Africa. Although banks are adequately capitalized and profitable, with stable funding, they are vulnerable to large corporate defaults and deposit withdrawals. But the new banking law has helped in strengthening the banking sector.

What's Next?

Author : David Hale,Lyric Hale
Publisher : Yale University Press
Page : 364 pages
File Size : 48,9 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9780300170313

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What's Next? by David Hale,Lyric Hale Pdf

The world spins in economic turmoil, and who can tell what will happen next? Cold numbers and simple statistical projections don't take into account social, financial, or political factors that can dramatically alter the economic course of a nation or a region. In this unique book, more than twenty leading economists and experts render thorough, rigorously researched prognoses for the world's major economies over the next five years. Factoring in such varied issues as the price of oil, the strength of the U.S. dollar, geopolitics, tax policies, and new developments in investment decision making, the contributors ground their predictions in the realities of current events, political conditions, and the health of financial institutions in each national economy. The most comprehensive volume on the global economy available today, this book presents up-to-date research on Russia, Australia, Europe, sub-Saharan and South Africa, the major Asian economies, North America, and the largest economies of Latin America. With unsurpassed expertise, the authors explain what's going on in individual countries, how important current global issues will impact them, and what economic scenarios they most likely will face in upcoming years.