Author/Editor: Mauro Mecagni, Jorge Iván Canales Kriljenko, Cheikh A. Gueye, Yibin Mu, Masafumi Yabara, Sebastian Weber.

Release Date:June, 2014

This African Department Paper examines the rise in international sovereign bonds issued by African frontier economies and recommends policies for potential first-time issuers. more...

Author/Editor: Cheikh A Gueye, Javier Arze del Granado, Rodrigo Garcia-Verdu, Mumtaz Hussain, B Jang, Sebastian Weber, Juan S Corrales.

Release Date:March, 2014

During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign more...

Author/Editor: Christian Saborowski, Sebastian Weber.

Release Date:January, 2013

We employ a structural panel VAR model with interaction terms to identify determinants of effective transmission from central bank policy rates to retail lending rates in a large country sample. The more...

Author/Editor: Sebastian Weber, Anna Ivanova.

Release Date:September, 2011

The paper assesses the impact of fiscal spillovers on growth in the context of a coordinated exit from crisis management policies. We find that despite potentially sizeable domestic effects from more...

Author/Editor: Pascal Towbin, Sebastian Weber.

Release Date:February, 2011

A traditional argument in favor of flexible exchange rates is that they insulate output better from real shocks, because the exchange rate can adjust and stabilize demand for domestic goods through more...