Journal Special Issue
Impact of the Liberalization of the Exchange Rate and Financial Markets in Sub-Saharan Africa
This special issue of the Journal of International Development presents the results of a study initiated two years ago by UNU/WIDER on `The impact of the liberalization of the exchange rate and financial markets in sub-Saharan Africa'. The project...
Policy Brief
Stranger than Fiction? Understanding Institutional Changes and Economic Development
The volume Institutional Change and Economic Development fills some important gaps in our understanding of the relationship between institutional changes and economic development. It does so by developing new discourses on the 'technology of...
Working Paper
Impact of Income and Non-Income Shocks on Child Labour
This paper investigates the impact of income and non-income shocks on child labour using a model in which the household maximizes utility from consumption as well as human capital development of the child. Two types of shocks are considered...
Working Paper
Financial Markets and Governments
A survey of the changing relationship between the market for political services and the market for financial services.
Working Paper
Prudential Regulation of Banks in Less Developed Economies
Beginning with an empirical analysis of banking crises using a logit econometric model covering a sample of developed and developing countries between 1980-97, the paper suggests that crises are more likely in years of low growth and high real...
Working Paper
Will the Euro Trigger More Monetary Unions in Africa?
We analyse the prospects for greater monetary integration in Africa, in the wake of EMU. We argue that the structural characteristics of African economies are quite different to the EMU members but that much can be gained from monetary cooperation...
Working Paper
The Banking System and Monetary Aggregates Following Financial Sector Reforms
This paper discusses the process, problems and impacts of the financial sector reform in Indonesia, particularly since the late 1980s. The reform has encouraged a surge in private sector capital inflows to supplement the already high domestic savings...
Working Paper
The financial inclusion agenda
Using a unique district-level panel dataset, we investigate the effect of banking system penetration on financial inclusion in Ghana. To purge potential endogeneity bias in the underlying relationship, we exploit a change in the policy environment of...