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Monetary Policy and Financial Sector Reform for Employment Creation and Poverty Reduction in Ghana

Author

Listed:
  • Gerald Epstein

    (IPC-IG)

  • James Heintz

    (IPC-IG)

Abstract

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Suggested Citation

  • Gerald Epstein & James Heintz, 2006. "Monetary Policy and Financial Sector Reform for Employment Creation and Poverty Reduction in Ghana," Research Report 2, International Policy Centre for Inclusive Growth.
    • Handle: RePEc:ipc:cstudy:2
    as

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    File URL: https://ipcig.org/sites/default/files/pub/en/IPCCountryStudy2.pdf
    File Function: First version, 2006
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    References listed on IDEAS

    as
    1. Gerald Epstein, 2003. "Alternatives to Inflation Targeting Monetary Policy for Stable and Egalitarian Growth: A Brief Research Summary," Working Papers wp62, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. Mario I. Blejer & Alfredo M. Leone & Pau Rabanal & Gerd Schwartz, 2002. "Inflation Targeting in the Context of IMF-Supported Adjustment Programs," IMF Staff Papers, Palgrave Macmillan, vol. 49(3), pages 1-2.
    3. Aryeetey, Ernest & Udry, Christopher, 1997. "The Characteristics of Informal Financial Markets in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 6(1), pages 161-203, March.
    4. Mr. Johan Mathisen & Thierry D. Buchs, 2005. "Competition and Efficiency in Banking: Behavioral Evidence from Ghana," IMF Working Papers 2005/017, International Monetary Fund.
    5. Harrison, Ann, 1996. "Openness and growth: A time-series, cross-country analysis for developing countries," Journal of Development Economics, Elsevier, vol. 48(2), pages 419-447, March.
    6. Laurence Ball, 1994. "What Determines the Sacrifice Ratio?," NBER Chapters, in: Monetary Policy, pages 155-193, National Bureau of Economic Research, Inc.
    7. Easterly, William, 2006. "An identity crisis? Examining IMF financial programming," World Development, Elsevier, vol. 34(6), pages 964-980, June.
    8. Corrinne Ho & Robert N. McCauley, 2003. "Living with flexible exchange rates: issues and recent experience in inflation targeting emerging market economies," BIS Working Papers 130, Bank for International Settlements.
    9. K.S. Jomo & Ilene Grabel & Gerald Epstein, 2003. "Capital Management Techniques In Developing Countries: An Assessment of Experiences From the 1990s and Lessons for the Future," Working Papers wp56, Political Economy Research Institute, University of Massachusetts at Amherst.
    10. Ocampo, José Antonio, 2003. "Capital-account and counter-cyclical prudential regulations in developing countries," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1796.
    11. Ndikumana, Leonce, 2000. "Financial Determinants of Domestic Investment in Sub-Saharan Africa: Evidence from Panel Data," World Development, Elsevier, vol. 28(2), pages 381-400, February.
    12. Frederic S. Mishkin & Adam S. Posen, 1997. "Inflation targeting: lessons from four countries," Economic Policy Review, Federal Reserve Bank of New York, vol. 3(Aug), pages 9-110.
    13. Fergus Lyon, 2003. "Trader associations and urban food systems in Ghana: institutionalist approaches to understanding urban collective action," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 27(1), pages 11-23, March.
    14. Ernest Aryeetey, 2003. "Recent Developments in African Financial Markets: Agenda for Further Research," Journal of African Economies, Centre for the Study of African Economies, vol. 12(Supplemen), pages 111-152, September.
    15. International Monetary Fund, 2004. "Ghana: Poverty Reduction Strategy Paper Annual Progress Report," IMF Staff Country Reports 2004/207, International Monetary Fund.
    16. corrinne ho & robert n mccauley, 2004. "Living with flexible exchange rates:," International Finance 0411003, University Library of Munich, Germany.
    17. William Easterly, 2002. "An Identity Crisis? Testing IMF Financial Programming," Working Papers 9, Center for Global Development.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Richard Kwabi Ayisi & Joseph Adu, 2017. "Monetary Policy in a Markov-Switching VECM: Implications for the Cost of Disinflation in Ghana," American Journal of Economics and Business Administration, Science Publications, vol. 8(2), pages 53-61, March.
    2. James Heintz & Lynda Pickbourn, 2012. "The Determinants of Selection into Non-agricultural Self-employment in Ghana," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 6(2), pages 181-209, May.
    3. Epstein, Gerald., 2009. "Rethinking monetary and financial policy : practical suggestions for monitoring financial stability while generating employment and poverty reduction," ILO Working Papers 994344393402676, International Labour Organization.
    4. James Heintz & Robert Pollin, 2008. "Targeting Employment Expansion, Economic Growth and Development in Sub-Saharan Africa: Outlines of an Alternative Economic Programme for the Region," Published Studies targeting_employment_expa, Political Economy Research Institute, University of Massachusetts at Amherst.
    5. Frank Iyekoretin Ogbeide & Hillary Kanwanye & Sunday Kadiri, 2015. "The Determinants of Unemployment and the Question of Inclusive Growth in Nigeria: Do Resource Dependence, Government Expenditure and Financial Development Matter?," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 11(2), pages 49-64.
    6. Sunday Osahon Igbinedion & Frank Iyekoretin Ogbeide, 2016. "Monetary Policy and Manufacturing Capacity Utilization: Further Evidence from Nigeria," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 14(2), pages 159-174.
    7. repec:ilo:ilowps:488128 is not listed on IDEAS
    8. repec:ilo:ilowps:465873 is not listed on IDEAS
    9. repec:ilo:ilowps:434439 is not listed on IDEAS
    10. Epstein, Gerald. & Heintz, James. & Ndikumana, Léonce. & Chang, Grace., 2010. "Employment, poverty and economic development in Madagascar : a macroeconomic framework," ILO Working Papers 994554463402676, International Labour Organization.
    11. Gerald Epstein, 2007. "Central banks as agents of employment creation," Working Papers 38, United Nations, Department of Economics and Social Affairs.
    12. Bamidele M. Ilo, 2015. "Capital Market and Unemployment in Nigeria," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 11(5), pages 129-140, October.
    13. Rick Rowden, 2010. "Poverty reduction is not development," Review of African Political Economy, Taylor & Francis Journals, vol. 37(126), pages 503-516, December.
    14. repec:ilo:ilowps:455446 is not listed on IDEAS
    15. Gerald Epstein, 2009. "Rethinking Monetary and Financial Policy: Practical suggestions for monitoring financial stability while generating employment and poverty reduction," Published Studies ilo_epstein11_09, Political Economy Research Institute, University of Massachusetts at Amherst.
    16. Waeyenberge, Elisa Van. & Bargawi, Hannah., 2011. "Macroeconomic policy for "full and productive employment and decent work for all" : Uganda country study," ILO Working Papers 994658733402676, International Labour Organization.
    17. Ahmed, Ovais & Mashkoor, Aasim, 2016. "The wrong impact of Fiscal Imbalance on economic growth and Monetary Policy consequences (A case of Pakistan)," MPRA Paper 69752, University Library of Munich, Germany.
    18. Epstein, Gerald., 2015. "Development central banking : a review of issues and experiences," ILO Working Papers 994881283402676, International Labour Organization.
    19. Gerald Epstein & James Heintz & Léonce Ndikumana & Grace Chang, 2011. "Employment, Poverty and Economic Development in Madagascar," Published Studies ndikumana_ilo2010, Political Economy Research Institute, University of Massachusetts at Amherst.
    20. Richard Kofi Asravor & Frank Gyimah Sackey, 2022. "Wage Price Floors and Sectoral Employment Outcomes in Ghana," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 65(1), pages 103-122, March.
    21. Reena Agrawal, 2018. "Measures Adopted for Promoting Inclusive and Sustainable Growth," Paradigm, , vol. 22(2), pages 143-159, December.

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    Keywords

    Monetary Policy Financial Sector; Reform; Ghana;
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