Mr.Emre Alper

A toolkit for Assessing Fiscal Vulnerabilities and Risks in Advanced Economies

This paper presents a range of tools and indicators for analyzing fiscal vulnerabilities and risks for advanced economies. The analysis covers key sho...

Do Interest Rate Controls Work? Evidence from Kenya

This paper reviews the impact of interest rate controls in Kenya, introduced in September 2016. The intent of the controls was to reduce the cost of b...

Monitoring and Managing Fiscal Risks in the East African Community

This paper takes stock of the main fiscal risks facing the EAC partner countries. These include macroeconomic shocks, and specific risks, such as the ...

Pricing of Sovereign Credit Risk

Evidence From Advanced Economies During the Financial Crisis

We investigate the pricing of sovereign credit risk over the period 2008-2010 for selected advanced economies by examining two widely-used indicators:...

Monetary Policy Implementation and Volatility Transmission along the Yield Curve

The Case of Kenya

This paper analyzes the degree to which volatility in interbank interest rates leads to volatility in financial instruments with longer maturities (e....

Digital Connectivity in sub-Saharan Africa: A Comparative Perspective

Higher digital connectivity is expected to bring opportunities to leapfrog development in sub-Saharan Africa (SSA). Experience within the region demon...

The Future of Work in Sub-Saharan Africa

Far-reaching changes in technology, climate, and global economic integration are transforming the world of work in ways that we do not yet fully under...

Bridging the Mobile Digital Divide in Sub-Saharan Africa: Costing under Demographic Change and Urbanization

Digital connectivity, including through the modern cellular network technologies, is expected to play a key role for the Future of Work in sub-Saharan...

A Work in Progress

Integrating Markets for Goods, Labor, and Capital in the East African Community

This paper assesses the extent of economic and financial integration among the East African Community (EAC) along a number of dimensions and, where po...

Toward a Monetary Union in the East African Community

Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms

This paper examines how susceptible East African Community (EAC) economies are to asymmetric shocks, assesses the value of the exchange rate as a shoc...

Food Inflation in Sub-Saharan Africa

Causes and Policy Implications

This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two novel datasets of disaggregated CPI baskets. Average...

Public Debt in Advanced Economies and its Spillover Effectson Long-Term Yields

Several models establish a positive association between public debt ratios and long-term real yields, but the empirical evidence is not always conclus...

The Development Path Less Traveled

The Experience of Rwanda

This paper explores some of the key factors behind Rwanda key successes, including unique institution-building that emphasized governance and ownershi...