Sudan : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Middle East and Central Asia Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/320

IMF country report ; no. 13/320

IMF Staff Country Reports

Language:

English

Subjects (All):

Monetary policy--Sudan.

Monetary policy.

Banks and banking--Sudan.

Banks and banking.

Sudan--Foreign economic relations.

Sudan.

Physical Description:

1 online resource (41 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

This Selected Issues paper examines the monetary policy framework in Sudan, and assesses the effectiveness of monetary transmission mechanism since the secession of South Sudan. The econometric analysis concludes that reserve money, the exchange rate, and private sector credit are the main determinants of inflation after the secession of South Sudan and that the transmission lags have been shortened significantly compared with previous studies. These findings reinforce the need for a comprehensive package of fiscal and monetary measures that strengthens the monetary policy framework and improves its effectiveness.

Contents:

Cover; CONTENTS; MONETARY TRANSMISSION MECHANISM IN SUDAN; A. Introduction; B. Monetary Policy Framework; FIGURES; 1. Central Rate, Commercial Banks Rate, and Parallel Rate, 2009-13; 2. Required and Excess Reserves and Inflation, 2011-13; C. Channels of Monetary Transmission; 3. Net Credit to Central Government, 2011-13; 4. Selected MENA Importers: Seigniorage and Inflation, 2012; D. The Model; TABLES; 1. Effectiveness of Monetary Transmission; E. Policy Recommendations; 2. Estimation Results of Previous Study; REFERENCES; GOLD TAXATION IN SUDAN; A. Background; TABLES

1. Central Government Operations, 2006-162. Selected African Countries: Revenue Structure; 3. Structure of Exports, 2008-16; B. General Principles of Natural Resource Taxation; C. Assessment of Sudan's Tax Regime and Recommendation for Reform; 4. Comparison of Sudan's Gold Mining Fiscal Regime with Other Countries; REFERENCES; ASSESSING SUDAN'S EXTERNAL STABILITY; A. Background; FIGURES; 1. Key Macroeconomic Developments (1997-2018); B. External Competitiveness; 2. Cross-Country Comparison; 3. Export Value and Composition; 4. Trade Volumes and Terms of Trade; C. Price Competitiveness; TABLES

1. Post- and Pre-Secession: Main Trading Partners5. SDG Bilateral Exchange Rates Against Major Trading Partners' Currencies; 6. SDG/USD Exchange rates; 7. BOP Dynamics; 2. Selected Balance of Payments Items; 8. Real Exchange Rate Developments (2000M1-2013M3); 9. Exchange Rate and Per Capita GDP; 10. Domestic Prices and Exchange Rates; 11. Internal Terms of Trade Index; 12. Annual Stock of Reserve Assets; 13. Monthly Stock of Reserve Assets; 3. Doing Business Indicators, 2013; 4. CPIA Ratings; 5. Corruption Perceptions Index; 14. Decomposing Sudan's CPIA; 15. Worldwide Governance Indicators

D. Reserve Adequacy Assessment16. Common Rules of Thumb for Assessing Reserve Levels; 17. Optimal Level of Reserves; 6. Baseline Analysis Inputs; E. Conclusion; REFERENCES

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed January 6, 2014).

ISBN:

9781484350607

148435060X

9781484342299

1484342291

9781484365595

1484365593