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  • 1
    Online Resource
    Online Resource
    Assessing Macrofinancial Risks from Crypto Assets / (2023)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    almafu_9961589562402883
    Format: 1 online resource (35 pages)
    ISBN: 979-84-00-25709-4
    Series Statement: IMF Working Papers
    Content: Failures in the crypto space—including the fall of Terra USD and the FTX debacle—have sparked calls for strengthening countries’ policy frameworks for crypto assets, including by enhanced regulation and supervision. How have these heightened concerns about crypto assets been picked up in systemic risk assessment, and what can be done going forward? In this paper, we introduce a conceptual macrofinancial framework to understand and track systemic risks stemming from crypto assets. Specifically, we propose a country-level Crypto-Risk Assessment Matrix (C-RAM) to summarize the main vulnerabilities, useful indicators, potential triggers and potential policy responses related to the crypto sector. We also discuss how experts and officials can weave in specific vulnerabilities stemming from crypto asset activity into their assessment of systemic risk, and how they can provide policy advice and take action to help contain systemic risks when needed.
    Additional Edition: ISBN 979-84-00-25508-3
    Language: English
    URL: kostenfrei
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Stabi Berlin
    FU Berlin
  • 2
    Online Resource
    Online Resource
    FinTech in Sub-Saharan African Countries : A Game Changer? (2019)
    Washington, D.C : International Monetary Fund
    Details
    UID:
    gbv_1838805214
    Format: 1 Online-Ressource (61 pages)
    Series Statement: Departmental Papers
    Content: FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure
    Additional Edition: Erscheint auch als Druck-Ausgabe Sy, Amadou FinTech in Sub-Saharan African Countries: A Game Changer? Washington, D.C. : International Monetary Fund, 2021 ISBN 9781484385661
    Language: English
    DOI: 10.5089/9781484385661.087
    URL: kostenfrei
    URL: kostenfrei
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    Online Resource
    Open Access Request
    Stabi Berlin
  • 3
    Online Resource
    Online Resource
    The African Continental Free Trade Area : potential economic impact and challenges (2020)
    [Washington, D.C.] : International Monetary Fund
    Details
    UID:
    gbv_1760051365
    Format: 1 Online-Ressource (circa 41 Seiten) , Illustrationen
    ISBN: 9781513542379
    Series Statement: IMF staff discussion note SDN/20, 04 (May 2020)
    Content: Political momentum towards Africa-wide free trade has been intensifying. In March 2018, over 40 countries signed the African Continental Free Trade Area (AfCFTA) agreement. Once fully implemented, the AfCFTA is expected to cover all 55 African countries, with a combined GDP of about USD 2.2 trillion. This SDN takes stock of recent trade developments in Sub-Saharan Africa and assesses the potential benefits and costs of the AfCFTA, as well as challenges to its successful implementation. In addition to increased trade flows both in existing and new products, the AfCFTA has the potential to generate substantial economic benefits for African countries. These benefits include higher income arising from increased efficiency and productivity from improved resource allocation, higher cross-border investment flows, and technology transfers. Besides lowering import tariffs, to ensure these benefits, African countries will need reduce other trade barriers by making more efficient their customs procedures, reducing their wide infrastructure gaps, and improving their business climates. At the same time, policy measures should be taken to mitigate the differential impact of trade liberalization on certain groups as resources are reallocated in the economy and activities migrate to locations with comparatively lower costs
    Additional Edition: Erscheint auch als Druck-Ausgabe Abrego, Lisandro The African Continental Free Trade Area: Potential Economic Impact and Challenges Washington, D.C. : International Monetary Fund, 2020 ISBN 9781513542379
    Language: English
    Keywords: Graue Literatur
    DOI: 10.5089/9781513542379.006
    URL: kostenfrei
    URL: kostenfrei
    URL: kostenfrei
    URL: kostenfrei
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    Online Resource
    Open Access Request
    Stabi Berlin
  • 4
    Online Resource
    Online Resource
    Stress testing in Sub-Saharan Africa : practices, communications, and capacity development (2020)
    Washington, DC, USA : International Monetary Fund
    Details
    UID:
    gbv_1742660665
    Format: 1 Online-Ressource (circa 58 Seiten) , Illustrationen
    ISBN: 9781513532912
    Series Statement: Departmental paper series no. 20, 07
    Content: The paper finds that supervisory stress tests are conducted in more than half of sub-Saharan African countries, particularly in western and southern Africa, and that the number of individual stress tests has grown exponentially since the early 2010s. By contrast, few central banks publish assessments of macro-financial linkages; the focus leans more toward discussing trends and weaknesses within the financial sector than on outside risks that may negatively affect its performance
    Additional Edition: Erscheint auch als Druck-Ausgabe Leika, Mindaugas Stress Testing in Sub-Saharan Africa: Practices, Communications, and Capacity Development Washington, D.C. : International Monetary Fund, 2020 ISBN 9781513532912
    Language: English
    Keywords: Graue Literatur
    DOI: 10.5089/9781513532912.087
    URL: kostenfrei
    URL: kostenfrei
    URL: kostenfrei
    URL: kostenfrei
    Author information: Wezel, Torsten 1967-
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    Online Resource
    Open Access Request
    Stabi Berlin
  • 5
    Online Resource
    Online Resource
    The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages / (2019)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edocfu_9959745958202883
    Format: 1 online resource (38 pages)
    ISBN: 1-5135-1148-3 , 1-5135-1150-5
    Series Statement: IMF Working Papers
    Content: We propose a simple macroeconomic model with input-output sectoral linkages based on Acemoglu et al. (2016) to quantify how changes in aggregate demand due to additional income from household’s remittances propagates through the network of input-output linkages in Sub-Saharan African countries. We first propose two network centrality measures to assess the role of some sectors as key input providers in the economy. Then, we use these measures to quantify the effect of sectoral linkages on sectoral and total output following an increase in remittances inflows. Our empirical results suggest that the effects of remittances on recipient economies increase with the degree of linkages across sectors, which is especially prominent in the case of the financial intermediation sector. Our paper contributes to the emerging macroeconomic literature on the propagation of shocks across sectors and the implications for the whole economy.
    Note: Intro -- Cover -- Contents -- 1 Introduction -- 2 Importance of remittances -- 2.1 Literature review -- 2.2 Recent trends in remittances -- 2.3 Remittances and economic growth -- 3 Model for remittances' impact -- 3.1 Definitions -- 3.2 Intuition of the result -- 4 Data -- 4.1 Eora Database -- 4.2 Remittances data -- 5 Empirical results -- 5.1 Centrality measures of the sectoral network of the economy -- 5.2 Importance of sectoral linkages in the economy -- 5.3 Effect of remittances on sectoral output growth across economic sectors -- 5.4 Importance of linkages in explaining sectoral growth -- 5.5 Effect of sectoral linkages on total output -- 6 Conclusion -- A Proof of Proposition 1 -- List of Figures -- 1 Remittances Inflows and Growth in SSA and the World, 1990-2018 -- 2 Remittances in SSA -- 3 Remittances and GDP Growth in SSA, 2010-18 -- 4 Simple Example of Changes in Demand and Sectoral Linkages (Three Sectors) -- 5 Sectors Included in the Eora MRIO Database -- 6 Structure of the Eora Database -- 7 Network Structure of Intersectoral Flows in SSA, 2011-15 -- 8 Correlation of the Two Network Measures Considered -- 9 Sectoral Linkages across Sectors (Bonacich Centrality) -- 10 Sectoral Linkages across Sectors (Weighted Outdegree) -- 11 R̃ Variable across Sectors -- 12 Changes in R̃ and Sectoral Output Growth (Weighted Outdegree) -- 13 Sectoral Linkages and Sectoral Output Growth (Weighted Outdegree) -- 14 Sectoral Linkages and Sectoral Output Growth (Bonacich Centrality) -- 15 Sectoral Linkages and Total Output Growth (Weighted Outdegree) -- 16 Sectoral Linkages and Total Output (Bonacich Centrality) -- List of Tables -- 1 Uses of Remittances Receipts in Selected African Countries, by Source -- 2 Effect of Remittances Inflows on the Economic Sectors (Output), by Country, Period 2011-15. , 3 Effect of a 5 Percent Remittances Inflows on the Economic Sectors (Output) by Country, Period 2011-15 -- 4 Relationship between Sectoral Linkages and Sectoral Output Growth (Weighted Outdegree) -- 5 Relationship between Sectoral Linkages and Sectoral Output Growth (Bonacich Centrality).
    Additional Edition: ISBN 1-4983-2448-7
    Language: English
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    Online Resource
    FU Berlin
  • 6
    Online Resource
    Online Resource
    FinTech in Sub-Saharan African Countries : A Game Changer? (2019)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    almafu_9960178439902883
    Format: 1 online resource (61 p.)
    ISBN: 1-4843-9945-5 , 1-4843-9947-1
    Series Statement: Departmental Papers
    Content: FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.
    Additional Edition: ISBN 1-4843-8566-7
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
  • 7
    Online Resource
    Online Resource
    The African Continental Free Trade Area: Potential Economic Impact and Challenges / (2020)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    almafu_9960178430402883
    Format: 1 online resource (41 pages).
    ISBN: 1-5135-4399-7
    Series Statement: Staff Discussion Notes
    Content: Political momentum towards Africa-wide free trade has been intensifying. In March 2018, over 40 countries signed the African Continental Free Trade Area (AfCFTA) agreement. Once fully implemented, the AfCFTA is expected to cover all 55 African countries, with a combined GDP of about US$2.2 trillion. This SDN takes stock of recent trade developments in Sub-Saharan Africa and assesses the potential benefits and costs of the AfCFTA, as well as challenges to its successful implementation. In addition to increased trade flows both in existing and new products, the AfCFTA has the potential to generate substantial economic benefits for African countries. These benefits include higher income arising from increased efficiency and productivity from improved resource allocation, higher cross-border investment flows, and technology transfers. Besides lowering import tariffs, to ensure these benefits, African countries will need reduce other trade barriers by making more efficient their customs procedures, reducing their wide infrastructure gaps, and improving their business climates. At the same time, policy measures should be taken to mitigate the differential impact of trade liberalization on certain groups as resources are reallocated in the economy and activities migrate to locations with comparatively lower costs.
    Additional Edition: ISBN 1-5135-4237-0
    Language: English
    DOI: 10.5089/9781513542379.006
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    FU Berlin
  • 8
    Online Resource
    Online Resource
    Financial Inclusion and Bank Competition in Sub-Saharan Africa / (2018)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edocfu_9959745968702883
    Format: 1 online resource (30 pages) : , illustrations.
    ISBN: 1-4843-8937-9 , 1-4843-8939-5
    Series Statement: IMF Working Papers
    Content: In this paper we study how competition and financial soundness affect financial inclusion in Sub-Saharan Africa (SSA). We use detailed individual-level survey data, combined with key country-level indicators of bank competition and financial soundness, to study the effect on the adoption of several financial products (bank accounts, credit and debit cards, and bank loans). We find that more competition tends to increase the probability of access to these financial products. On the contrary, we do not find strong evidence of the effect of bank-balance sheet variables (i.e. capital adequacy or liquidity) on borrowing by individuals. Our results may help policy makers design regulations that could improve financial inclusion, which could potentially impact economic growth and long-term economic development.
    Additional Edition: ISBN 1-4843-8616-7
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    FU Berlin
  • 9
    Online Resource
    Online Resource
    Renminbi Usage in Cross-Border Payments: Regional Patterns and the Role of Swaps Lines and Offshore Clearing Banks / (2023)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edoccha_9961112698002883
    Format: 1 online resource (24 pages)
    ISBN: 979-84-00-23962-5
    Series Statement: IMF Working Papers
    Content: The paper examines the usage of the Renminbi (RMB) as an international payment currency. Globally, the use of RMB remains small, accounting for 2 percent of total cross-border transactions. Using country-level transaction data from Swift** for 2010–21, we find significant regional variations in the use of RMB for cross-border payments. While RMB is little used in some regions, it has gained traction in others, and these cross-country differences have widened over the years. Such differences can be partly explained by an economy’s geographic distance, political distance, and trade linkages with China. However, it also reflects the impact of policy measures by the People’s Bank of China, including establishing bilateral swap lines and offshore clearing banks. Both policy measures helped to address offshore RMB liquidity shortages given China’s overall capital account restrictions, with the offshore clearing banks having a quantitatively larger impact. Our analysis contributes to a better understanding of the growing importance of RMB within the international monetary system.
    Additional Edition: ISBN 979-84-00-23555-9
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Charité
  • 10
    Online Resource
    Online Resource
    Renminbi Usage in Cross-Border Payments: Regional Patterns and the Role of Swaps Lines and Offshore Clearing Banks / (2023)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    almafu_9961112698002883
    Format: 1 online resource (24 pages)
    ISBN: 979-84-00-23962-5
    Series Statement: IMF Working Papers
    Content: The paper examines the usage of the Renminbi (RMB) as an international payment currency. Globally, the use of RMB remains small, accounting for 2 percent of total cross-border transactions. Using country-level transaction data from Swift** for 2010–21, we find significant regional variations in the use of RMB for cross-border payments. While RMB is little used in some regions, it has gained traction in others, and these cross-country differences have widened over the years. Such differences can be partly explained by an economy’s geographic distance, political distance, and trade linkages with China. However, it also reflects the impact of policy measures by the People’s Bank of China, including establishing bilateral swap lines and offshore clearing banks. Both policy measures helped to address offshore RMB liquidity shortages given China’s overall capital account restrictions, with the offshore clearing banks having a quantitatively larger impact. Our analysis contributes to a better understanding of the growing importance of RMB within the international monetary system.
    Additional Edition: ISBN 979-84-00-23555-9
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
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