The forecast of economic growth in Sub-Saharan Africa have repeatedly been revised downwards over the last 6 months. It has now reached 2% which is close to a third of what it was a year ago, implying negative growth in per capita terms. Considerable uncertainties remain in these forecasts. Oil- and mineral exporters are likely to take a severe first hit, as collapsing commodity prices translate to reduced export revenues and foreign direct investments are paralyzed. Two additional flows that connect Africa to the global economy, where impact is harder to predict, are aid and remittances. This note explores how these flows have reacted in OECD countries during previous episodes of severe financial crises. It is shown that if these past epis...
The global economic crisis affected most of developed economies in North America and Europe which wa...
Since 1929, the world economy has not encountered any financial crisis as severe as the case of the ...
It is increasingly apparent that, despite earlier hopes, the global economic crisis will have a sign...
The forecast of economic growth in Sub-Saharan Africa have repeatedly been revised downwards over th...
This paper analyses the channels through which the economic and financial crisis of 2008–2009 was tr...
AbstractThis paper analyses the channels through which the economic and financial crisis of 2008–200...
The illusion that African countries have escaped the adverse consequences of the global financial an...
European Report on DevelopmentThis paper analyses the channels through which the economic and financ...
This article analyzes how the global financial crisis is affecting African economies and identifies ...
This paper invokes a flow-of-funds framework to scope the implications of the global financial crisi...
Motivated by the 2008–09 financial crisis and the trade collapse, the paper analyzes the effect of p...
Early in the financial crisis, a common view was that Africa’s low level of financial integration ma...
The global financial crisis was triggered by the bursting of the United States housing bubble in 200...
African economies have been shaken by the global economic downturn which followed the US-centered fi...
The negative effects of the global economic crisis affect African economies less than other regions....
The global economic crisis affected most of developed economies in North America and Europe which wa...
Since 1929, the world economy has not encountered any financial crisis as severe as the case of the ...
It is increasingly apparent that, despite earlier hopes, the global economic crisis will have a sign...
The forecast of economic growth in Sub-Saharan Africa have repeatedly been revised downwards over th...
This paper analyses the channels through which the economic and financial crisis of 2008–2009 was tr...
AbstractThis paper analyses the channels through which the economic and financial crisis of 2008–200...
The illusion that African countries have escaped the adverse consequences of the global financial an...
European Report on DevelopmentThis paper analyses the channels through which the economic and financ...
This article analyzes how the global financial crisis is affecting African economies and identifies ...
This paper invokes a flow-of-funds framework to scope the implications of the global financial crisi...
Motivated by the 2008–09 financial crisis and the trade collapse, the paper analyzes the effect of p...
Early in the financial crisis, a common view was that Africa’s low level of financial integration ma...
The global financial crisis was triggered by the bursting of the United States housing bubble in 200...
African economies have been shaken by the global economic downturn which followed the US-centered fi...
The negative effects of the global economic crisis affect African economies less than other regions....
The global economic crisis affected most of developed economies in North America and Europe which wa...
Since 1929, the world economy has not encountered any financial crisis as severe as the case of the ...
It is increasingly apparent that, despite earlier hopes, the global economic crisis will have a sign...