Sierra Leone : Selected Issues and Statistical Appendix.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Staff Country Reports; Country Report ; No. 2009/012

IMF Staff Country Reports

Language:

English

Subjects (All):

Sierra Leone--Economic conditions--1961---Periodicals.

Sierra Leone.

Sierra Leone--Economic conditions--1961---Statistics.

Sierra Leone--Economic policy.

Sierra Leone--Politics and government--1961-.

Physical Description:

1 online resource (74 p.)

Edition:

First edition.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2009.

Language Note:

English

Summary:

This Selected Issues paper describes the monetary transmission mechanism in Sierra Leone. The paper uses a vector autoregression model to explore the links between policy changes by The Bank of Sierra Leone and real variables, such as output and prices. The paper describes Sierra Leone’s economic environment and institutions, and also looks at the main channels of monetary policy transmission commonly identified in the literature. Empirical evidence is presented, along with findings and policy recommendations. The paper also describes developments in the external sector, and assesses competitiveness using survey-based indicators.

Contents:

Cover; Contents; I. The Monetary Transmission Mechanism in Sierra Leone; A. Introduction; B. Economic Environment and Institutional Context; C. Monetary Policy Transmission; D. Empirical Analysis; Figures; I.1. Response to Cholesky One S.D. Innovations ±; Tables; I.1. Pairwise Interest Rate Granger Causality Tests; I.2. Response to Cholesky One S.D. Innovations ± 2 S.E. ordering: Output - Prices - T-Bill Rate - Lending Rate - NEER; I.3. Variance Decomposition; I.4. Response to Cholesky One S.D. Innovations ±; E. Conclusion

I.5. Response to Cholesky One S.D. Innovations ±2 S.E. Ordering: Output - Prices - T-Bill Rate - Credit - NEERII. External Competitiveness and Exchange Rates in Sierra Leone; A. Introduction; B. Developments in the External Sector; II.1. Exchange Rate and Inflation Development; II.2. Terms of Trade and Current Account Balance, 1980-2007; II.3. Current Account Balance and Transfers, 1980-2007; C. Assessing the REER; II.4. Public Consumption and the REER, 1980-2007; II.1. Estimation of Purchasing Power Parity; II.2. Underlying Current Account Balance

II.5. Underlying Current Account Balance, 1980-2007II.3. Estimated Current Account Norms in Two Studies; II.4. Macroeconomic Balance Approach: REER Adjustment; II.6. The Real Effective Exchange Rate and its Major Determinants; II.7. Actual and Equilibrium Real Effective Exchange Rate; II.8. Aid and the REER; II.5. External Sustainability Approach: Maintain the 2007 NFA Level; II.6. NFA Scenarios; II.9. Net Foreign Assets Positions, 1980-2007; D. Survey-based Competitiveness Indicators; II.7. Doing Business Indicators 2008 (181 countries)

II.8. United Nations Human Development Indicators, 2007II.10. World Bank Governance Indicators, 2007; E. Conclusion; Statistical Tables; Basic Data; 1. Production of Major Agricultural Commodities, 2000-07; 2. Domestic Fish Catch, 2000-07; 3. Mineral Production, 2000-07; 4. Production of Manufacturing Establishments, 2000-07; 5. Petroleum Prices and Utility Tariffs, 2004-June 2008; 6. Revised Consumer Price Index for Freetown, 2004-October 2008; 7. Government Budgetary Operations, 2000-07; 8. Government Revenue, 2000-07; 9. Economic Classification of Recurrent Expenditure, 2000-07

10. Functional Classification of Recurrent Expenditure, 2000-0711. Civil Service Employment, 2001-07; 12. Government Debt Outstanding by Type of Holder and Instrument, 2000-07; 13. List of Public Enterprises; 14. Summary Account for the Commercial Bank, March 2004-September 2008; 15. Commercial Banks Liquidity Ratios, 2004-September 2008; 16. Monetary Survey and Summary Accounts of the Bank of Sierra Leone, 2004-September 2008; 17. Distribution of Commercial Bank Loans and Advances by Major Sectors, March 2004-September 2008; 18. Structure of Interest Rates, March 2004-September 2008

19. List of Commercial Banks, as at 30th September 2008

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9786613874047

9781462352326

1462352324

9781452714080

1452714088

9781283561594

128356159X

9781451887617

1451887612

OCLC:

870947285