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Drummond, Paulo Flavio Nacif 1966-

Overview
Works: 27 works in 89 publications in 1 language and 519 library holdings
Classifications: HG3810, 330.945
Publication Timeline
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Publications about Paulo Flavio Nacif Drummond
Publications by Paulo Flavio Nacif Drummond
Most widely held works by Paulo Flavio Nacif Drummond
Spillovers from the rest of the world into Sub-Saharan African countries by Paulo Flavio Nacif Drummond( file )
11 editions published between 2005 and 2009 in English and held by 198 libraries worldwide
This paper investigates the impact of a global slowdown on individual African countries using a series of dynamic panel regressions for countries in the region, relating real growth in domestic output to world growth in trade weighted by partner countries and several control variables: oil prices, non-oil prices, financial variables, and country fixed effects. Estimates are then applied to prepare country-specific simulations. The model, which is shown to estimate well out-of-sample spillover effects in the region, shows that countries in the region are significantly affected by lower external
Infrequent large nominal devaluations and their impact on the futures prices for foreign exchange in Brazil by Paulo Flavio Nacif Drummond( Book )
8 editions published in 1996 in English and held by 35 libraries worldwide
Recent export credit market developments by Paulo Flavio Nacif Drummond( Book )
5 editions published in 1997 in English and held by 34 libraries worldwide
Implications of oil inflows for savings and reserve management in the CEMAC by Paulo Flavio Nacif Drummond( file )
6 editions published in 2007 in English and held by 33 libraries worldwide
This paper argues that as part of their fiscal optimization strategies CEMAC countries should be given the opportunity to invest into longer-term assets that generate market-based returns. The BEAC has created a framework of longer-term savings funds but due to low remuneration and other factors usage has remained limited. The paper also argues that regional savings in the form of reserve accumulation must be sufficient to ensure the stability of the common currency. While the current level of common foreign reserves may now be appropriate, maintaining an adequate level calls for a link between country-specific savings decisions and the setting of a regional reserve target. Strengthening and diversifying reserve management will also be desirable, a process the BEAC has embarked upon
Italy assessing competition and efficiency in the banking system by Paulo Flavio Nacif Drummond( file )
6 editions published in 2007 in English and held by 33 libraries worldwide
The paper assesses the degree of banking competition and efficiency in Italy--over time as well as compared to that in other countries, such as France, Germany, Spain, the United Kingdom, and the United States. The paper finds competition in the Italian banking sector has intensified in loan and deposit markets in recent years, but banks still operate in a highcost, high-income system, particularly with respect to retail/services, and efficiency gains have yet to fully materialize. The degree of competition falls within the range of estimates for a set of comparator countries. Greater contestability should act as a powerful force to drive banks to become more competitive and efficient. Competition policy will also continue to be an important consideration, both in enforcing Italy's antitrust laws and in ensuring that the procedures for dealing with weak banks and other merger and acquisition reviews focus on stability and competition objectives
Foreign reserve adequacy in sub-Saharan Africa by Paulo Flavio Nacif Drummond( file )
5 editions published between 2006 and 2008 in English and held by 32 libraries worldwide
This paper looks at the question of adequacy of reserves in sub-Saharan African countries in light of the shocks faced by these countries. Literature on optimal reserves so far has not paid attention to the particular shocks facing low-income countries. We use a two-good endowment economy model facing terms of trade and aid shocks to derive the optimal level of reserves by comparing the cost of holding reserves with their benefits as an insurance against a shock. We find that the optimal level of reserves depends upon the size of these shocks, their probability, and the output cost associated with them
Macroeconomic management and the devolution of fiscal powers by Paulo Flavio Nacif Drummond( Book )
4 editions published in 2002 in English and held by 30 libraries worldwide
Several of the transition economies are devolving fiscal authority to subnational governments at a time when it is also important to consolidate fiscal policy. This can be problematic because, without appropriate care, the central government's ability to determine the level and structure of revenues, public spending, and borrowing may well diminish as fiscal policy is devolved. This paper focuses on how the center can maintain its ability to conduct fiscal policy while devolving revenue, spending, and borrowing powers to lower levels of government. Empirical evidence shows that countries with good governance have maintained fiscal control despite a high degree of fiscal devolution. and decentralization is associated with better fiscal outcomes for middle-income countries with strong governance. Fiscal management issues are explored in four key areas: budget coordination mechanisms at the macro level tax-effort incentives and revenue-sharing mechanisms expenditure control and hard-budget constraints and criteria and rules for borrowing
Italy selected issues by Michael Keen( Computer File )
8 editions published between 2005 and 2007 in English and held by 30 libraries worldwide
Former Yugoslav Republic of Macedonia banking soundness and recent lessons by Paulo Flavio Nacif Drummond( Book )
5 editions published in 2000 in English and held by 24 libraries worldwide
Hungary selected issues by Xavier Debrun( Computer File )
3 editions published between 2002 and 2004 in English and held by 10 libraries worldwide
Portugal selected issues by Keiko Honjo( Computer File )
4 editions published in 2006 in English and held by 10 libraries worldwide
Spillover effects and the East African Community explaining the slowdown and recovery by Paulo Flavio Nacif Drummond( Computer File )
2 editions published in 2009 in English and held by 8 libraries worldwide
The East African Community (EAC) countries--Kenya, Tanzania, Uganda, and Rwanda--have been affected by the global financial crisis and global recession. The fall in global demand and inflows and tighter liquidity conditions abroad affected the countries in this region as elsewhere in sub-Saharan Africa. But how hard have countries in the EAC been hit? Have the spillovers from the global crisis affected countries in the region as much as other countries in the sub-Saharan region? Have the transmission channels or magnitudes of the spillovers been different across EAC countries? How can these countries return quickly to a path of sustained high growth? What is the role for policy? Would acceleration of regional integration and policy coordination help achieve this goal? Would it make the region less susceptible to shocks? This paper focus on the EAC countries and attempts to address these questions
Bolivia, statistical annex ( Book )
2 editions published in 1995 in English and held by 7 libraries worldwide
Mobilizing revenue in Sub-Saharan Africa empirical norms and key determinants ( Computer File )
2 editions published in 2012 in English and held by 7 libraries worldwide
Mobilizing more revenue is a priority for sub-Saharan African (SSA) countries. Countries have to finance their development agendas, and weak revenue mobilization is the root cause of fiscal imbalances in several countries. This paper reviews the experience of low-income SSA countries in mobilizing revenue in recent decades, with two broad aims: identify empirical norms of how much and how fast countries have been able to mobilize more revenue and empirical determinants (panel estimates) of revenue mobilization. The paper finds that (i) the frequency distribution of changes in revenue ratios for SSA low-income countries (LICs) peaks at a pace of about 1/2-2 percentage points of GDP in the short-to-medium term and at a pace of about 2-3 1/2 percentage points of GDP over the longer term, and that (ii) almost all SSA-LICs managed to increase revenue ratios by more than 2 percentage points of GDP in the short-to-medium term, at least once in the last two decades. The sustainability of large increases in revenue ratios can be an issue, in particular for fragile countries. The panel estimates suggest that structural factors, such as per capita GDP, share of agriculture in GDP, inflation, degree of openness, and rents received from natural resources, are important determinants of tax revenue
Hungary, selected issues and statistical appendix by Paulo Flavio Nacif Drummond( Book )
1 edition published in 2002 in English and held by 6 libraries worldwide
Africa's rising exposure to China how large are spillovers through trade? by Paulo Flavio Nacif Drummond( file )
1 edition published in 2013 in English and held by 4 libraries worldwide
"The rapid growth in China's domestic investment in recent decades has generated a large appetite for global goods, including from sub-Saharan Africa (SSA). This paper estimates the impact of changes in China's investment growth on SSA's exports. Although rising trading links with China have allowed African countries to diversify their export base across countries, away from advanced economies, they have also led SSA countries to become more susceptible to spillovers from China. Based on panel data analysis, a 1 percentage point increase (decline) in China's domestic investment growth is associated with an average 0.6 percentage point increase (decline) in SSA countries' export growth. This impact is larger for resource-rich countries, especially oil exporters. These effects could be mitigated, however, to the extent that countries can reorient their exports"--Abstracts
Financial innovations, inflation and the futures market for foreign exchange in Brazil by Paulo Flavio Nacif Drummond( Book )
4 editions published in 1993 in English and held by 4 libraries worldwide
The dissertation consists of three essays. The first one is an econometric essay on inflation stabilization in Brazil during a period of successive unsuccessful stabilization attempts. The impact on relative prices and the desirability of income policies to fight inflation are addressed. A transfer function model is estimated and causality tests are performed. The failure of stabilization attempts has induced a process of financial liberalization and the discussion of alternative measures to achieve stability. The internationalization of the economy with significative financial liberalization has become a major policy issue and the second essay addresses the important question of the desirability of introducing foreign currency in the banking system in Brazil. A theoretical model is discussed. The third essay investigates the behavior of prices in one of the markets that is a result of this financial liberalization process, the futures market for foreign exchange. Efficiency tests and a discussion of unconditional and conditional biases is provided, a Kalman filter model is estimated and a "peso-problem" is identified followed by a discussion of the lack of ergodicity in the data
Italy: selected issues by Paulo Drummond( Book )
2 editions published between 2005 and 2007 in English and held by 2 libraries worldwide
Foreign exchange reserve adequacy in East African Community countries ( Computer File )
1 edition published in 2009 in English and held by 2 libraries worldwide
The concomitant external shocks experienced in 2008-09 by the East African Community (EAC) countries of Kenya, Rwanda, Tanzania, and Uganda and stepped-up support by the IMF--including the SDR allocation--and other donors, are likely to arouse renewed interest in the question of the adequate level of international reserves. This paper discusses the evolution of reserve holdings in EAC countries and uses several tools for assessing reserve adequacy in the region. The analysis suggests that reserve levels in most cases seem to include safety buffers, and thus, do not require immediate action. However, the situation could become tighter if export recovery is delayed or export prices do not pick up. Over the medium term, the desirable reserve path should also be adapted to regional and international integration
Spillovers from the rest of the world into Sub-Saharan African countries by Paulo Flavio Nacif Drummond( Computer File )
2 editions published in 2009 in English and held by 2 libraries worldwide
 
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Alternative Names
Drummond, P. (Paulo), 1966-
Drummond, Paulo.
Drummond, Paulo F. N. 1966-
Drummond, Paulo Flavio Nacif 1966- Vollstaendiger Name
Nacif Drummond, Paulo Flavio 1966-
Languages
English (82)
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