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Pension Reforms in Europe: How Far Have We Come and Gone?

Author/Editor: Armand P Fouejieu, Alvar Kangur, Samuel Romero Martinez, Mauricio Soto.

Release Date:September, 2021

In the past few decades, a myriad of reforms in Europe have had a significant impact on the way and extent to which public pensions provide retirement income. This departmental paper takes stock of more...



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Assessing Dutch Fiscal and Debt Sustainability

Author/Editor: Benjamin Carton, Armand Fouejieu.

Release Date:December, 2020

Although the Netherlands entered the so-called Great Lockdown with a strong fiscal position, the Dutch fiscal balance is projected to deteriorate by an unprecedented magnitude, largely as a result of more...



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Unlocking Access to Finance for SMEs: A Cross-Country Analysis

Author/Editor: Armand Fouejieu, Anta Ndoye, Tetyana Sydorenko.

Release Date:March, 2020

Countries in the MENAP and CCA regions have the lowest levels of financial inclusion of small and medium enterprises (SMEs) in the world. The paper provides empirical evidence on the drivers of SME more...



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Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia

Author/Editor: Nicolas R Blancher, Maximiliano Appendino, Aidyn Bibolov, Armand Fouejieu, Jiawei Li, Anta Ndoye, Alexandra Panagiotakopoulou, Wei Shi, Tetyana Sydorenko.

Release Date:February, 2019

The importance of financial inclusion is increasingly recognized by policymakers around the world. Small and medium-sized enterprise (SME) financial inclusion, in particular, is at the core of the more...



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Fiscal Adjustment in the Gulf Countries: Less Costly than Previously Thought

Author/Editor: Armand Fouejieu, Sergio Rodriguez, Sohaib Shahid.

Release Date:June, 2018

This paper estimates fiscal multipliers for the Gulf Cooperation Council (GCC) countries. Using OLS panel fixed effects on a sample of six countries from 1990-2016, results indicate that GCC fiscal more...



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Learning to Live with Cheaper Oil : Policy Adjustment in MENA and CCA Oil-Exporting Countries

Author/Editor: Martin Sommer, Allan G Auclair, Armand Fouejieu, Inutu Lukonga, Saad N Quayyum, Amir Sadeghi, Gazi H Shbaikat, Andrew J Tiffin, Bruno Versailles.

Release Date:June, 2016

This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks. more...



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External Adjustment in Oil Exporters : The Role of Fiscal Policy and the Exchange Rate

Author/Editor: Alberto Behar, Armand Fouejieu.

Release Date:June, 2016

After the decline in oil prices, many oil exporters face the need to improve their external balances. Special characteristics of oil exporters make the exchange rate an ineffective instrument for more...



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Inflation Targeting and Exchange Rate Regimes in Emerging Markets

Author/Editor: Christian Ebeke, Armand Fouejieu.

Release Date:October, 2015

This paper investigates the effects of the adoption of inflation targeting (IT) on the choice of exchange rate regime in emerging markets (EMs), conditional on certain macroeconomic conditions. Using more...



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Inflation Targeting and Country Risk: an Empirical Investigation

Author/Editor: Armand Fouejieu, Scott Roger.

Release Date:January, 2013

The sovereign debt crisis in Europe has highlighted the role of country risk premia as a link between countries’ fiscal and external balances, financial conditions and monetary policy. The purpose more...



Price: $18.00