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International Economics x Prices, Business Fluctuations, and Cycles x Economic Development and Growth x clear all

Counterpart funding requirements and the foreign aid procyclicality puzzle

Stéphane Pallage and Michel A. Robe.

in Oxford Review of Economic Policy

January 2015; p ublished online December 2015 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Economic Development; International Financial Markets; Prices, Business Fluctuations, and Cycles; International Finance. 10332 words.

Official development assistance is a key source of external finance in many developing countries. A striking feature of these aid flows is their positive correlation with business cycles in...

Endogenous Optimal Currency Areas: the Case of the Central African Economic and Monetary Community

Fabrizio Carmignani.

in Journal of African Economies

January 2010; p ublished online August 2009 .

Journal Article. Subjects: International Trade; Prices, Business Fluctuations, and Cycles; Economic Development. 9706 words.

The Central African Economic and Monetary Community (CAEMC) has been a monetary union for several decades now. According to the hypothesis of endogenous optimal currency areas (OCAs), the...

Thresholds in the Finance-Growth Nexus: A Cross-Country Analysis

Hakan Yilmazkuday.

in The World Bank Economic Review

June 2011; p ublished online May 2011 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Money and Interest Rates; International Finance; Economic Development; Economic Growth and Aggregate Productivity. 6715 words.

Thresholds of inflation, government size, trade openness, and per capita income for the finance-growth nexus are investigated using five-year averages of standard variables for 84 countries...