Author/Editor: Ephraim W Chirwa, Montfort Mlachila, Yohane Anthony Khamfula.

Release Date:April, 2006

This paper presents a new model based on the loan-pushing model by Basu (1991) to show how a domestic debt crisis can occur in a low-income country following donor herding. The model focuses on the more...

Author/Editor: Montfort Mlachila, Yongzheng Yang.

Release Date:June, 2004

This paper evaluates the effects on the Bangladeshi economy of phasing out textile and clothing (T&C) quotas currently maintained by industrial countries. The planned abolition of the quotas more...

Author/Editor: Kadima D Kalonji, Boileau Loko, Raj Nallari, Montfort Mlachila.

Release Date:March, 2003

This paper explores the relationship between external debt and poverty. A number of observers have argued that high external indebtedness is a major cause of poverty. Using the first-differenced more...

Author/Editor: Philippe Beaugrand, Montfort Mlachila, Boileau Loko.

Release Date:May, 2002

The paper reviews the principles and practical considerations involved in the choice between foreign and domestic financing of fiscal deficits, and derives a series of recommendations broadly more...

Author/Editor: Ephraim W Chirwa, Montfort Mlachila.

Release Date:January, 2002

This study investigates the impact of financial sector reforms on interest rate spreads in the commercial banking system in Malawi. The financial reform program commenced in 1989 when both the more...