Kingdom Of Lesotho Selected Issues
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Kingdom Of Lesotho Selected Issues
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-06-07
Kingdom Of Lesotho Selected Issues written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-07 with Business & Economics categories.
Kingdom of Lesotho: Selected Issues
Kingdom Of Lesotho
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Author : International Monetary Fund. African Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2018-03-05
Kingdom Of Lesotho written by International Monetary Fund. African Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-05 with Business & Economics categories.
This Selected Issues paper provides further background on the macrofinancial sector analysis that informed Lesotho’s 2017 Article IV consultation. Lesotho’s financial sector is small, concentrated, and lacks financial inclusion, although mobile banking services and financial cooperatives offer some encouraging potential. Lesotho’s most important vulnerabilities are exposure to developments in South Africa and dependence on revenues from the Southern African Customs Union (SACU). Shocks to SACU revenues can become a source of systemic risk by affecting the fiscal position and the balance of payments. The financial system will be affected by both channels, with substantial implications if the shock is permanent. This paper focuses on two potential consequences of a severe SACU revenue shock for the financial system: A decline in reserves that may threaten the sustainability of the hard currency peg with the South African rand, and the impact of a forced fiscal consolidation on household income and the quality of credit to households, affecting both bank and nonbank lenders. It turns out that financial shallowness and lack of inclusion may be a defining feature of the formal banking system; thereby raising questions about potential trade-offs between inclusiveness and financial stability.
Kingdom Of Lesotho
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Author :
language : en
Publisher:
Release Date : 2008
Kingdom Of Lesotho written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Kingdom Of Lesotho Selected Issues And Statistical Appendix
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Author : International Monetary Fund
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2005-12-28
Kingdom Of Lesotho Selected Issues And Statistical Appendix written by International Monetary Fund and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-12-28 with categories.
This Selected Issues paper on the Kingdom of Lesotho reviews the broad objectives and key institutional features of the Common Monetary Area (CMA) relating to currency arrangements. The CMA Agreement provides for the three small member countries to have access to South African capital and money markets, but only through prescribed investments or approved securities that can be held by financial institutions in South Africa. Lesotho's exchange rate arrangement under the CMA shares certain characteristics of a currency board.
Addressing Fiscal Pressures
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Author : Mr. Yibin Mu
language : en
Publisher: International Monetary Fund
Release Date : 2022-12-06
Addressing Fiscal Pressures written by Mr. Yibin Mu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-06 with Business & Economics categories.
Lesotho’s fiscal situation is challenging. This paper assesses the pressure points of main components of revenues, current spending, and capital spending, and then proposes a growth-friendly consolidation plan while protecting the vulnerable.
Kingdom Of Lesotho
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Author : International Monetary Fund. African Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2023-07-20
Kingdom Of Lesotho written by International Monetary Fund. African Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-20 with Business & Economics categories.
Kingdom of Lesotho: Selected Issues
Lesotho Selected Issues And Statistical Appendix
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Author :
language : en
Publisher:
Release Date : 2004
Lesotho Selected Issues And Statistical Appendix written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Britannica Book Of The Year 2012
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Author : Encyclopaedia Britannica, Inc.
language : en
Publisher: Encyclopaedia Britannica, Inc.
Release Date : 2012-03-01
Britannica Book Of The Year 2012 written by Encyclopaedia Britannica, Inc. and has been published by Encyclopaedia Britannica, Inc. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-01 with Juvenile Nonfiction categories.
The Britannica Book of the Year 2012 provides a valuable viewpoint of the people and events that shaped the year and serves as a great reference source for the latest news on the ever changing populations, governments, and economies throughout the world. It is an accurate and comprehensive reference that you will reach for again and again.
Evaluating Fiscal Rules For Lesotho
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Author : Mr. Yibin Mu
language : en
Publisher: International Monetary Fund
Release Date : 2022-12-06
Evaluating Fiscal Rules For Lesotho written by Mr. Yibin Mu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-06 with Business & Economics categories.
A key challenge for Lesotho is the downward rigidity in public expenditure—which increases when SACU transfers are buoyant but fails to be pared back when they fall. Fiscal rules would be of value in Lesotho to help provide constraints on spending and resist political pressure to overspend, while embedding fiscal responsibility within the country’s macro-fiscal framework and ensuring debt sustainability. This paper evaluates options for fiscal rules for Lesotho, discusses the institutional framework required to help underpin a sound fiscal-rule framework, posits a possible fiscal-rule framework for Lesotho, and offers a roadmap to introduce the framework.
Exchange Rate Assessment For Sub Saharan Economies
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Author : Burcu Aydin
language : en
Publisher: International Monetary Fund
Release Date : 2010-07-01
Exchange Rate Assessment For Sub Saharan Economies written by Burcu Aydin and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07-01 with Business & Economics categories.
This paper provides an exchange rate assessment for sub-Saharan African economies by using methodologies similar to those developed by the International Monetary Fund’s Consultative Group on Exchange Rate Issues. As in the World Economic Outlook (IMF, 2009a), the unbalanced panel dataset covers 182 countries from 1973 to 2014. We apply four methodologies to assess the fundamental exchange rate: macroeconomic balance, equilibrium real exchange rate, external sustainability, and purchasing power parity. Results show that the impact of macroeconomic fundamentals on the equilibrium real exchange rate is different for sub-Saharan African economies than for advanced and less advanced economies.