This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (i) a commitment to achieving and maintaining a stable macroeconomic environment, especially prudent fiscal policy, should underpin market development; (i...

This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (i) a commitment to achieving and maintaining a stable macroeconomic environment, especially prudent fiscal policy, should underpin market development; (i...

This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (i) a commitment to achieving and maintaining a stable macroeconomic environment, especially prudent fiscal policy, should underpin market development; (i...

A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include: endogenous policy credibility; non-linearities in the inflation process; and a policy loss function that aims to minimize the variability of output and the interest rate, as well as deviations of inflation from the long-term low-inflation target. ...

A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include: endogenous policy credibility; non-linearities in the inflation process; and a policy loss function that aims to minimize the variability of output and the interest rate, as well as deviations of inflation from the long-term low-inflation target. ...

A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include: endogenous policy credibility; non-linearities in the inflation process; and a policy loss function that aims to minimize the variability of output and the interest rate, as well as deviations of inflation from the long-term low-inflation target. ...

Algeria’s external position has strengthened. Algeria’s encouraging economic performances in recent years, reflecting market-oriented reforms and prudent macroeconomic policies in a favorable external environment, are discussed. The main challenges faced by Algeria are to ensure sustained high productivity and nonhydrocarbon growth and to lower further the still-hi...

Algeria’s external position has strengthened. Algeria’s encouraging economic performances in recent years, reflecting market-oriented reforms and prudent macroeconomic policies in a favorable external environment, are discussed. The main challenges faced by Algeria are to ensure sustained high productivity and nonhydrocarbon growth and to lower further the still-hi...

In this study, the following are represented in the form of tabulation: basic economic and financial indicators, supply and usage of resources, sectoral distribution of GDP, production, exports, and consumption of liquid petroleum products, domestic prices of major energy products, agricultural and land use patterns, crop yields, indices of industrial production, p...