5. Other Publications
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- ItemMONETARY THEORY AND PRACTICE LECTURE NOTES(10/08/2020) Okurut, Francis Nathan
- ItemPublic sector -2017(African Economic Research consortium, 2015-03-03) AERC
- ItemMicro -2016(African Economic Research consortium, 2016-03-03) AERC
- ItemHealth Economics Comp 2020(AERC, 2020-02-12) African Economic Research consortium
- ItemMonetary Policy Spillover into a Developing Country When the US Federal Fund Rate Rises: Evidence on a Bank Lending Channel(JICA Ogata Sadako Research Institute for Peace and Development, 2020-08-19) Aiba, DaijuBanks in developing countries are highly dependent on funding sources from abroad, and such high dependency on external funding could cause vulnerability to the sector by channeling the effects of foreign monetary policies to domestic bank lending. In this paper, we study the international transmission of monetary policy of US and banks’ major shareholders’ home countries into bank lending in Cambodia, using data on banks’ loan disbursement and balance sheets from 2013Q1 to 2019Q2. Cambodia is one of the least developed countries in the south-east Asian region, while its economy is highly dollarized and capital movement is free. This environment is likely to allow banks to transmit financial shocks into domestic lending. As a result, we find that US monetary policy affected domestic lending through the channel of foreign funding exposure, suggesting that Cambodian banks with foreign funding exposure are likely to reduce lending when there is a rise in the cost of funding from abroad. We also find that an increase in the US monetary policy rate is associated with increases in loan disbursements in secured loans, USD currency loans, and retail loans, suggesting the monetary transmission also affected loan reallocations by changing risk-taking behavior in bank lending. In addition, we find that these results are robust for US monetary policy effects, but weak and not robust for monetary policies of banks’ major shareholders’ home countries.
- ItemPrix Internationaux des Produits de Base et Dynamique de l'Inflation en Sierra Leone(Consortium pour la Recherche Économique en Afrique, 2020-08-20) Danladi, Jonathan D.Cette étude examine l'impact des variations des prix internationaux des produits de base, mesurés en monnaie locale, sur les prix à la consommation en Sierra Leone. Les données mensuelles de janvier 2007 à août 2016 sont utilisées pour examiner la relation à long terme et la dynamique à court terme. L'étude constate que la dynamique des prix du cacao, du pétrole et du riz est un déterminant important des prix à la consommation intérieurs, tant à long terme qu'à court terme. Il est démontré que les prix à la consommation intérieurs réagissent négativement à la hausse des prix du cacao, l'un des principaux produits d'exportation du pays. L'étude suggère des efforts concertés de la part des autorités pour améliorer et élargir la base de production des produits d'exportation du pays, tels que le cacao et le riz, pour lesquels le pays dispose d'un avantage comparatif, afin de réduire la pression sur la monnaie locale et la tendance à la hausse des prix à la consommation qui prévaut. Une source d'énergie diversifiée et un secteur de production actif peuvent réduire la dépendance excessive à l'égard du pétrole et, en fin de compte, la répercussion directe des fluctuations des prix des produits de base sur les prix à la consommation dans l'économie.
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- ItemECON 546: Public Sector Economics video recording for Sep 14, 2020(AERC, 2020-09-14) Bekoe, William
- ItemFair Use Disclaimer on AERC’s Open Access Materials(AERC, 2021-02-03) African Economic Research Consortium
- ItemQUANTITATIVE METHODS COURSE OUTLINE(AERC, 2021-03-18) African Economic Research Consortium
- ItemMACROECONOMICS COURSE OUTLINE(AERC, 2021-03-18) African Economic Research ConsortiumThe aim of the course is to equip the students with rigorous macroeconomic tools with the African flavour. At the end of the course, students are expected to be able to: a) thoroughly appreciate the structure of a macroeconomic system and its underlying theoretical framework; b) use methodology and techniques studied in conceptualizing and postulating relevant macroeconomic issues; c) evaluate macroeconomic policies; and d) cultivate a critical perspective to current developments in macroeconomics
- ItemMICROECONOMICS COURSE OUTLINE(AERC, 2021-03-18) African Economic Research Consortium
- ItemFINANCIAL ECONOMICS 1 - 2016(AERC, 2021-03-22) African Economic Research Consortium
- ItemENVIRONMENTAL ECONOMICS 1- 2010(AERC, 2021-03-22) African Economic Research Consortium
- ItemPUBLIC SECTOR ECONOMICS I- 2007(AERC, 2021-03-22) African Economic Research Consortium
- ItemENVIRONMENTAL ECONOMICS 11- 2006(AERC, 2021-03-22) African Economic Research Consortium
- ItemPUBLIC SECTOR ECONOMICS I- 2010(AERC, 2021-03-22) African Economic Research Consortium