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A Time to Build: Does TA Matter for Revenue Mobilization?

Author/Editor: Ralph Chami, Elorm Darkey, Oral Williams.

Release Date:February, 2021

We use a unique data set for 115 countries, from 2000–18, and 5-year non-overlapping averages to explore the impact of technical assitance on revenue mobilization. To the authors’ knowledge this more...



Price: $18.00
On the Drivers of Inflation in Sub-Saharan Africa

Author/Editor: Anh D. M. Nguyen, Jemma Dridi, Filiz Unsal, Oral Williams.

Release Date:August, 2015

The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks
implies a limited role for monetary policy in influencing inflation in the short run. SSA’s more...



Price: $18.00
The Quest for Regional Integration in the East African Community

Author/Editor: Paulo Drummond, S K Wajid, Oral Williams.

Release Date:January, 2015

The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa. The EAC countries are making significant progress toward financial integration, more...



Price: $35.00
Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa: What Room for Policy?

Author/Editor: Francois Boutin-Dufresne, Santiago Peña, Oral Williams, Tomasz A Zawisza.

Release Date:February, 2013

This paper examines the determinants of net interest margins in four regional blocks in Sub-Saharan Africa and one comparator block in the Eastern Caribbean. Using bank-level data, we find that more...



Price: $18.00
Inflation Differentials in the GCC : Does the Oil Cycle Matter?

Author/Editor: Oral Williams, Kamiar Mohaddes.

Release Date:December, 2011

This paper uses a pairwise approach to investigate the main factors that have been driving inflation differentials in the Gulf Cooperation Council (GCC) region for the past two decades. The results more...



Price: $18.00
Global and Regional Spillovers to GCC Equity Markets

Author/Editor: Tahsin Saadi Sedik, Oral Williams.

Release Date:June, 2011

This paper analyzes the impact of global and regional spillovers to GCC equity markets. GCC equity markets were impacted by spillovers from U.S. equity markets despite varying degrees of foreign more...



Price: $18.00
Regional Financial Integration in the GCC

Author/Editor: Raphael A. Espinoza, Oral Williams, Ananthakrishnan Prasad.

Release Date:April, 2010

We investigate the extent of regional financial integration in the member countries of the Gulf Cooperation Council. The limited volume data available suggests that regional integration is more...



Price: $18.00
Fiscal Reaction Functions in the CFA Zone : An Analytical Perspective

Author/Editor: Oral Williams, Olumuyiwa Adedeji.

Release Date:October, 2007

The stance of fiscal policy in CEMAC and WAEMU is strongly influenced by fiscal effort in the previous period. This persistence underscores the risks of a procyclical fiscal policy stance, given more...



Price: $18.00
Inflation Dynamics in the Dominican Republic

Author/Editor: Olumuyiwa Adedeji, Oral Williams.

Release Date:February, 2004

This paper investigates the determinants of inflation in the Dominican Republic during 1991-2002, a period characterized by remarkable macroeconomic stability and growth. By developing a parsimonious more...



Price: $15.00
Caribbean offshore Financial Centers : Past, Present, and Possibilities for the Future

Author/Editor: Esther C Suss, Oral Williams, Chandima Mendis.

Release Date:May, 2002

The paper reviews the development of offshore financial activities in the English-speaking Caribbean islands and takes stock of the size and status of these sectors today. In view of the heightened more...



Price: $15.00
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