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The Role of Fiscal Transfers in Smoothing Regional Shocks : Evidence from Existing Federations

Author/Editor: Tigran Poghosyan, Abdelhak S Senhadji, Carlo Cottarelli.

Release Date:July, 2016

We assess the extent to which fiscal transfers smooth regional shocks in three large federations: the U.S., Canada, and Australia. We find that fiscal transfers offset 4-11 percent of idiosyncratic more...



Price: $18.00
How Strong Are Fiscal Multipliers in the GCC? An Empirical Investigation

Author/Editor: Raphael A. Espinoza, Abdelhak S. Senhadji.

Release Date:March, 2011

The effectiveness of fiscal policy in smoothing the impact of shocks depends critically on the size of fiscal multipliers. This is particularly relevant for the GCC countries given the need for more...



Price: $18.00
Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead : An Update

Author/Editor: May Y Khamis, Abdelhak S Senhadji.

Release Date:July, 2010

Departmental papers are usually focused on a specific economic topic, country, or region. They are prepared in a timely way to support the outreach needs of the IMF’s area and functional more...



Price: $20.00
Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead.

Author/Editor: May Y Khamis, Abdelhak S Senhadji, Gabriel Sensenbrenner, Francis Y Kumah, Maher Hasan, Ananthakrishnan Prasad.

Release Date:March, 2010

Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead. more...



Price: $20.00
Financial Sector Reforms and Prospects for Financial Integration in Maghreb Countries

Author/Editor: Juan Sole, Gabriel Sensenbrenner, Amor Tahari, J E J De Vrijer, Marina Moretti, Patricia D Brenner, Abdelhak Senhadji.

Release Date:May, 2007

A healthy and dynamic financial sector is essential to achieving high and sustainable economic growth in the Maghreb region-Algeria, Libya, Mauritania, Morocco, and Tunisia. Financial integration more...



Price: $18.00
Lending Booms, Real Estate Bubbles and the Asian Crisis

Author/Editor: Abdelhak Senhadji, Charles Collyns.

Release Date:February, 2002

This paper examines the link between lending booms, asset price cycles, and financial crises across East Asian countries. Both theoretical arguments and empirical evidence support a strong more...



Price: $15.00
Inflation and Financial Depth

Author/Editor: Mohsin S Khan, Abdelhak Senhadji, Bruce D Smith.

Release Date:April, 2001

There is now a substantial theoretical literature arguing that inflation impedes financial deepening. Furthermore, it has been hypothesized that the relationship is a nonlinear one, in that there is more...



Price: $15.00
Sources of Economic Growth : An Extensive Growth Accounting Exercise

Author/Editor: Abdelhak Senhadji.

Release Date:June, 1999

A growth accounting exercise is conducted for 88 countries for 1960-94 to examine the source of cross-country differences in total factor productivity (TFP) levels. Two differences distinguish this more...



Price: $15.00
Time-Series Estimation of Structural Import Demand Equations : A Cross-Country Analysis

Author/Editor: Abdelhak Senhadji.

Release Date:October, 1997

This paper derives a structural import demand equation and estimates it for a large number of countries, using recent time series techniques that address the problem of nonstationarity. Because the more...



Price: $15.00
Sources of Debt Accumulation in a Small Open Economy

Author/Editor: Abdelhak Senhadji.

Release Date:October, 1997

This paper analyzes the borrowing behavior of a small open economy of a developing country that relies heavily on imports for its capital formation and faces an upward-sloping supply function of more...



Price: $15.00