|Strengthening the West African Economic and Monetary Union : The Role of Fiscal and Market Institutions in Economic Stabilization|
Author/Editor: Olivier Basdevant, Patrick A. Imam, Tidiane Kinda, Aleksandra Zdzienicka.
Release Date:October, 2015
West African Economic and Monetary Union (WAEMU) countries face a well-known dilemma between the need to provide shock-smoothing mechanisms and the lack of adequate mechanisms to do so. WAEMU more...
|The Mystery of Missing Real Spillovers in Southern Africa : Some Facts and Possible Explanations|
Author/Editor: Olivier Basdevant, Andrew W Jonelis, Borislava Mircheva, Slavi T. Slavov.
Release Date:June, 2014
Anecdotal evidence suggests that the economies of South Africa and its neighbors (Botswana, Lesotho, Mozambique, Namibia, Swaziland, and Zimbabwe) are tightly integrated with each other. There are more...
|Building a Common Future in Southern Africa|
Author/Editor: Joannes Mongardini, Tamon Asonuma, Olivier Basdevant, Alfredo Cuevas, Xavier Debrun, Lars Holger Engstrom, Imelda M Flores Vazquez, Vitaliy Kramarenko, Lamin Y Leigh, Paul R Masson, Genevieve Verdier.
Release Date:April, 2013
The Southern African Customs Union (SACU) is the oldest customs union in the world, with significant opportunities ahead for creating higher economic growth and increased welfare benefits to the more...
|Restoring Sustainability in a Changing Global Environment : Options for Swaziland|
Author/Editor: Olivier Basdevant, Borislava Mircheva.
Release Date:February, 2013
The Kingdom of Swaziland (hereinafter “Swaziland”) is a small, open economy bordering Mozambique and South Africa with a population of 1.1 million people. It is a landlocked more...
|Inequalities and Growth in the Southern African Customs Union (SACU) Region|
Author/Editor: Olivier Basdevant, Dalmacio Benicio, Yorbol Yakhshilikov.
Release Date:December, 2012
This paper applies the work of Berg and Ostry (2011) to the SACU region, to identify how inequalities have played a role in growth in each of these countries, and elaborates policy options to more...
|Fiscal Policies and Rules in the Face of Revenue Volatility Within Southern Africa Customs Union Countries (SACU)|
Author/Editor: Olivier Basdevant.
Release Date:April, 2012
Following the onset of the global economic crisis in 2008, SACU member countries have witnessed a significant growth slowdown, and a deterioration of their fiscal balances. This paper (i) assesses more...
|Macroeconomic Vulnerabilities Stemming from the Global Economic Crisis: The Case of Swaziland|
Author/Editor: Olivier Basdevant, Chikako Baba, Borislava Mircheva.
Release Date:December, 2011
Swaziland has faced a significant fiscal crisis since 2010, in the wake of loss of transfers from the Southern African Customs Union (SACU). The fiscal crisis has led to increasing vulnerabilities, more...
|The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland|
Author/Editor: Luis-Felipe Zanna, Olivier Basdevant, Susan Yang, Genevieve Verdier, Joannes Mongardini, Borislava Mircheva, Dalmacio Benicio.
Release Date:November, 2011
Botswana, Lesotho, Namibia, and Swaziland face the serious challenge of adjusting not only to lower Southern Africa Customs Union (SACU) transfers because of the global economic crisis, but also to a more...
|Strategies for Fiscal Consolidation in the Post-Crisis World|
Author/Editor: Mauricio Villafuerte, Cemile Sancak, Jan Gottschalk, S. M. Ali Abbas, Olivier Basdevant, Ricardo Velloso, Fuad Hasanov, Greetje Everaert, Stephanie Eble, Junhyung Park.
Release Date:September, 2010
In response to the global financial crisis, governments provided substantial support to the financial and other key sectors. Although this cushioned the adverse effects of the crisis, it is necessary more...
|How Can Burundi Raise its Growth Rate? the Impact of Civil Conflicts and State Interventionon Burundi'S Growth Performance|
Author/Editor: Olivier Basdevant.
Release Date:January, 2009
Over the last thirty years Burundi's low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented more...