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Drummond, Paulo Flavio Nacif 1966-

Overview
Works: 41 works in 150 publications in 1 language and 1,891 library holdings
Genres: History 
Roles: Author, Editor
Classifications: HG930.7, 332.49409437
Publication Timeline
Key
Publications about Paulo Flavio Nacif Drummond
Publications by Paulo Flavio Nacif Drummond
Most widely held works about Paulo Flavio Nacif Drummond
 
Most widely held works by Paulo Flavio Nacif Drummond
The quest for regional integration in the East African community by International Monetary Fund( Book )
7 editions published between 2014 and 2015 in English and held by 65 libraries worldwide
The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa. The EAC countries are making significant progress toward financial integration, including harmonization of supervisory arrangements and practices and the modernization of monetary policy frameworks. This book focuses on regional integration in the EAC and argues that the establishment of a time table for the eliminating the sensitive-Products list and establishing a supranational legal framework for resolving trade disputes are important reforms that should foster regional integration
Toward a monetary union in the East African Community : asymmetric shocks, exchange rates, and risk-sharing mechanisms by Paulo Flavio Nacif Drummond( Book )
3 editions published in 2015 in English and held by 30 libraries worldwide
This paper examines how susceptible East African Community (EAC) economies are to asymmetric shocks, assesses the value of the exchange rate as a shock absorber for these countries, and reviews adjustment mechanisms that would help ensure a successful experience under a common currency. The report draws on analysis of recent experiences and examines likely future changes in the EAC economies
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 27 libraries worldwide
Annotation
Recent export credit market developments by Paulo Flavio Nacif Drummond( Book )
8 editions published in 1997 in English and held by 26 libraries worldwide
Annotation
Macroeconomic management and the devolution of fiscal powers by Paulo Flavio Nacif Drummond( Book )
5 editions published in 2002 in English and held by 20 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
Coatbridge : three centuries of change by Paulo Flavio Nacif Drummond( Book )
5 editions published between 1982 and 2014 in English and held by 20 libraries worldwide
Former Yugoslav Republic of Macedonia banking soundness and recent lessons by Paulo Flavio Nacif Drummond( Book )
6 editions published in 2000 in English and held by 18 libraries worldwide
After several years of transition, major weaknesses in the banking and enterprise sectors remain the root cause of low growth. A large share of nonperforming assets in the portfolio of large banks, stemming from losses in the enterprise sector, has been a key impediment to financial sector development. The banking system has been crippled with low levels of intermediation, high cost of capital, severe lack of financial discipline, and poor allocation of credit. Reforms aimed at strengthening lending practices, encouraging foreign bank participation, improving bank supervision and, above all, a consolidation process that breaks away from the past are helping pave the path to economic recovery
Adopting the euro in central Europe : challenges of the next step in European integration by Susan Schadler( Book )
5 editions published in 2005 in English and Undetermined and held by 15 libraries worldwide
Upon entry into the European Union (EU), countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro astheir currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request permission to do so). For most of these countries, adopting the euro will entail major economic change. This paper examines likely economic developments and policy challenges for the five former transition countries in central Europe--the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia--that joined the EU in May 2004 and operate independent monetary policies but have not yet achieved policy convergence with the rest of the euro area
Foreign reserve adequacy in sub-Saharan Africa by Paulo Flavio Nacif Drummond( Book )
9 editions published between 2006 and 2008 in English and held by 14 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
Spillovers from the rest of the world into Sub-Saharan African countries by Paulo Flavio Nacif Drummond( Book )
13 editions published between 2005 and 2009 in English and held by 14 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
Italy : assessing competition and efficiency in the banking system by Paulo Flavio Nacif Drummond( Book )
8 editions published in 2007 in English and held by 12 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
Implications of oil inflows for savings and reserve management in the CEMAC by Paulo Flavio Nacif Drummond( Book )
7 editions published in 2007 in English and held by 10 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 : selected issues by Paulo Flavio Nacif Drummond( Book )
11 editions published between 2005 and 2007 in English and held by 9 libraries worldwide
Annotation
Hungary, selected issues and statistical appendix by Paulo Flavio Nacif Drummond( Book )
3 editions published in 2002 in English and held by 6 libraries worldwide
Annotation
Portugal: selected issues by Paulo Flavio Nacif Drummond( Book )
5 editions published between 2005 and 2006 in English and held by 3 libraries worldwide
A range of indicators point to a competitiveness gap of 10-20 percent with respect to euro area competitors. Closing the competitiveness gap will require an extended adjustment period, even with a jump in total factor productivity (TFP) growth and strong wage moderation. This paper reviews several factors that could help explain the boom and bust behavior of corporate investment. Investor sentiment will recover with the deepening of structural reforms, but high corporate debt level is likely to slow the pace of investment growth in the near future
Hungary : selected issues by Abdul Abiad( Book )
4 editions published between 2003 and 2004 in English and held by 2 libraries worldwide
This Selected Issues paper reviews indicators for external competitiveness in Hungary. The paper examines recent developments in a range of indicators. These include regional comparisons of wage and unit labor cost developments, and standard indicators based on price and cost-based measures of the real effective exchange rate (REER). In addition, the paper discusses actual export performance and market shares, profitability indicators, and business survey results. The equilibrium exchange rate is estimated. The paper also analyzes financial sector regulatory governance in Hungary
Mobilizing Revenue in Sub-Saharan Africa: Empirical Norms and Key Determinants by International Monetary Fund( Book )
4 editions published in 2012 in English and Undetermined and held by 2 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
Africa rising : harnessing the demographic dividend by Paulo Flavio Nacif Drummond( Book )
4 editions published in 2014 in English and Undetermined and held by 2 libraries worldwide
Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly harnessed, can translate into higher growth and yield a demographic dividend. We quantify the potential demographic dividend based on the experience of other regions. The dividend will vary across countries, depending on such factors as the initial working age population as well as the speed and magnitude of demographic transition. It will be critical to ensure that the right supportiv
East African Community:Quest for Regional Integration by Paulo Flavio Nacif Drummond( Book )
4 editions published in 2015 in English and Undetermined and held by 1 library worldwide
The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa. The EAC countries are making significant progress toward financial integration, including harmonization of supervisory arrangements and practices and the modernization of monetary policy frameworks. This book focuses on regional integration in the EAC and argues that the establishment of a time table for the eliminating the sensitive-products list and establishing a supranational legal framework for resolving trade disputes are important reforms that should foster regional integrati
Africa's Rising Exposure to China: How Large Are Spillovers Through Trade? by Paulo Flavio Nacif Drummond( Book )
4 editions published in 2013 in English and held by 1 library 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
 
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Alternative Names
Drummond, P. 1966-
Drummond, P. (Paulo), 1966-
Drummond, Paulo.
Drummond, Paulo F. N. 1966-
Drummond, Paulo Flavio Nacif 1966-
Nacif Drummond, Paulo Flavio 1966-
Languages
English (120)
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