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OBJECTIVES

The Peer-to-Peer Research Seminar Series provides a platform for interested officials from sub-Saharan African Ministries, Central Banks, and other government economic organizations to present their research and analytical work in progress and discuss it with experts in similar institutions of other countries, the IMF and other relevant parties. We hope the series will help broaden regional research networks and deepen discussions and exchanges around relevant policy issues. Within the virtual seminar series, interpretation into English, French, and Portuguese, is provided allowing to reach a wide audience. 
 
 
As we prepare the pipeline for the regular seminar series, we are inviting submissions from all countries in the region. A dedicated IMF committee will select the papers for presentation, work with selected presenters to find suitable discussants, arrange interpretation of the paper and facilitate any follow-up discussions. Researchers interested in presenting their papers or serving as a discussant in a particular area of research should send them to the African Department Research Advisory Group at MNewiak@imf.org, copying the IMF Resident Representative, and Mrs. Diksha Ramdawa at DRamdawa@imf.org.

 

Agenda

 
SESSION 1 - ESTIMATING INCOME LOSSES AND CONSEQUENCES OF THE COVID-19
CRISIS IN UGANDA

By Stephen Younger, Albert Musisi, Wilson Asiimwe, Nicole Ntungire,
Jakob Rauschendorfer and Priya Manwaring
(Time is in Greenwich Mean Time = GMT)
WELCOME AND OVERVIEW

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SESSION 1
Presenter:
  • Dr Albert Musisi, Ministry of Finance, Planning and Economic Development, Uganda
    • Presentations: English  | French
Discussants:
  • Catherine Macleod, South Africa National Treasury
    • Presentations: English  | French
  • Flavien Moreau, International Monetary Fund
    • Presentations: English  | French
Moderator: Amine Mati, International Monetary Fund

 
SESSION 2 - EXCESS LIQUIDITY AND EFFECTIVENESS OF MONETARY POLICY IN GUINEA

By Ibrahima Camara, Makan Doumbouya, and Mohamed Conte
(Time is in Greenwich Mean Time = GMT)
WELCOME AND OVERVIEW

Abstract: The excess liquidity that characterizes the Guinean banking sector affects the effectiveness of monetary policy and thus constitutes a risk to price stability, which is the main objective of the Central Bank. In order to reduce this risk, this study identifies the main determinants of precautionary and involuntary excess liquidity, and determines the optimal level of involuntary liquidity beyond which the transmission mechanism of monetary policy could be compromised. It uses dynamic least squares (DOLS) and a threshold structural VAR model. The results indicate that : (i) the determinants of precautionary excess liquidity are the ratio of bond reserves to bank deposits, the volatilities of cash balances and Treasury deposits, and the nominal exchange rate; (ii) the main explanatory factors of involuntary liquidity are loans to the private sector, central bank claims on the Treasury, official development assistance, and Treasury deposits at the central bank; (iii) the optimal threshold of excess liquidity is around GNF 605 billion, beyond which the monetary policy transmission mechanism is less efficient.
    SESSION 2
    Research Paper: English | French | Portuguese

    Presenter:
    • Ibrahima Camara, Central Bank of the Republic of Guinea
    Discussants:


    Moderator: Abdoul Aziz Wane, International Monetary Fund
    SESSION 3 - RE-IGNITING SOUTH AFRICAN ECONOMIC GROWTH: LESSONS FROM THE PAST THREE CENTURIES

    By Roy Havemann and Edward Kerby
    (Time is in Greenwich Mean Time = GMT)
    WELCOME AND OVERVIEW

    Join us on

    Wednesday, September 09, 2020

    1:00 P.M. GMT


      SESSION 3
      Research Paper: English | French | Portuguese

      Presenter:       Discussants:


      Moderator: Montie Mlachila, International Monetary Fund
      SESSION 4 - HAS INFLATION TARGETING STRATEGY MADE A DIFFERENCE IN GHANAIAN MACROECONOMIC MANAGEMENT

      By Nana Kwame Akosah
      (Time is in Greenwich Mean Time = GMT)
      WELCOME AND OVERVIEW

      Join us on

      Wednesday, September 30, 2020

                                               1:00 P.M. GMT


        SESSION 4
        Research Paper: English | French | Portuguese

        Presenter:         Discussants:


        Moderator: Farayi Gwenhamo, International Monetary Fund
        SESSION 5 - EFFECT OF BANK ASSET QUALITY ON MONETARY POLICY TRANSMISSION IN RWANDA

        By Callixte Kamanzi
        (Time is in Greenwich Mean Time = GMT)
        WELCOME AND OVERVIEW
        SESSION 5
        Research Paper: English | French  | Portuguese

        Presenter: Discussants:

        • Bello Hassan, Central Bank of Nigeria
        • Romain Lafarguette, International Monetary Fund

        Moderator: Samba Mbaye, International Monetary Fund
        SESSION 6 - EXTERNAL SHOCKS AND MACROECONOMIC PERFORMANCE IN MALAWI
        By Austin Chiumia
        (Time is in Greenwich Mean Time = GMT)
        WELCOME AND OVERVIEW

          SESSION 6
          Research Paper: English | French  | Portuguese

          Presenter: Discussants:


          Moderator: Albert Touna-Mama, International Monetary Fund