Grants, remittances, and the equilibrium real exchange rate in Sub-Saharan African countries

Grants, remittances, and the equilibrium real exchange rate in Sub-Saharan African countries / prepared by Joannes Mongardini and Brett Rayner.

This paper builds on the methodology developed by Chudik and Mongardini (2007) to estimate the relationship between grants and remittances and the equilibrium real exchange rate in Sub-Saharan African (SSA) countries using panel techniques. The results indicate that grants and remittances are not as...

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Bibliographic Details
Main Authors: Mongardini, Joannes, 1970- (Author), Rayner, Brett (Author)
Corporate Author: International Monetary Fund. African Department
Format: eBook
Language:English
Published: [Washington, DC] : International Monetary Fund, 2009.
Series:IMF working paper ; WP/09/75.
Subjects:
Foreign exchange rates > Africa, Sub-Saharan.
Emigrant remittances > Africa, Sub-Saharan.
Grants-in-aid > Africa, Sub-Saharan.
Emigrant remittances
Foreign exchange rates
Grants-in-aid
Sub-Saharan Africa
Online Access:Click for online access
Table of Contents:
  • I. Introduction; Figures; 1. The Scaling-up of Grants; II. Recent Literature; 2. The Scaling-up of Remittances; III. Data and Empirical Methodology; IV. Estimation Results; Tables; 1. Pooled Mean Group Estimates
  • Grants and Remittances; 2. Contribution of Fundamentals to Changes in ERER, 1980-2006; V. Concluding Remarks; References; Appendix; Appendix Tables; A1. Data Description and Sources; A2. Unit Root Tests; A3. Pooled Mean Group Estimates-Fundamentals; A4. Pooled Mean Group Estimates for Oil Exporters; Appendix Figures
  • A1. Real Effective Exchange Rates and Equilibrium Real Exchange Rates, Non-oil Countries, 1980-2006A2. Real Exchange Rate Disequilibria, Non-oil Countries, 1980-2006 (in percent); A3. Equilibrium Real Exchange Rates and Real Exchanges Rates Oil Countries; A4. Real Exchange Rate Misalignments, Oil Countries (in percent)

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