Global financial transmission into Sub-Saharan Africa : a global vector autoregression analysis /
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Author / Creator: | Canales-Kriljenko, Jorge Iván, author. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, ©2014. |
Description: | 1 online resource (29 pages) : color illustrations. |
Language: | English |
Series: | IMF working paper, 1018-5941 ; WP/14/241 IMF working paper ; WP/14/241. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12504210 |
Table of Contents:
- Cover Page; Title Page; Copyright Page; Contents; Figures; Tables; I. Introduction; II. Literature, Economic Context, and Model; A. Literature Review; B. Developments Affecting Sub-Saharan Africa; C. The Model; III. Data and Specification Setup; 1. Countries and Regions Included in the GVAR Exercise; 2. Regional and Country-level Trade Shares; IV. Results from the Generalized Impulse Response Analysis; A. The Investor Uncertainty Channel; 1. Impulse Responses to a Positive Shock to the VIX; B. The Bank Deleveraging Channel.
- 2. GIRF
- One s.e. Negative Shock to Credit in USA and Impact on Local Credit3. GIRF
- One s.e. Negative Shock to Credit in USA and Impact on Local Output; V. Conclusion; References; VI. Annex; A. Statistical Properties of the Series; 1A. Augmented Dickey-Fuller (ADF) Unit Root Tests for the Domestic Variables at the 5% Significance Level; 2A. VARX Order of Individual Models and Cointegrating Relationships; 3A. Test for Weak Exogeneity (5% Significance Level); B. Additional Results; 1A. GIRF
- One s.e. Negative Shock to Credit in EUR and Impact on Local Credit.
- 2A. GIRF
- One s.e. Negative Shock to Output in EUR and Impact on Local Output3A. GIRF
- One s.e. Negative Shock to Output in USA and Impact on Local Output; 4A. Regional and Country-level Export Shares: 1990-2000; Footnotes.