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Palgrave Macmillan

Investment and Risk in Africa

  • Book
  • © 2000

Overview

Editors:
  1. Paul Collier

    1. Policy Research Group, The World Bank, USA

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    You can also search for this editor in PubMed   Google Scholar

  2. Catherine Pattillo

    1. Research Department, International Monetary Fund, USA

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    You can also search for this editor in PubMed   Google Scholar

Part of the book series: Studies on the African Economies Series (SAES)

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Table of contents (16 chapters)

  1. Front Matter

    Pages i-ix
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  2. Introduction

    1. Front Matter

      Pages 1-1
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    2. Investment and Risk in Africa

      • Paul Collier, Catherine Pattillo
      Pages 3-30

  3. Risk in Africa: Its Causes and its Effects on Investment

    1. Front Matter

      Pages 31-31
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    2. Rating Africa: The Economic and Political Content of Risk Indicators

      • Nadeem Ul Haque, Nelson Mark, Donald J. Mathieson
      Pages 33-70

    3. Risk and Private Investment: Africa Compared with Other Developing Areas

      • Frederick Z. Jaspersen, Anthony H. Aylward, A. David Knox
      Pages 71-95

    4. Risk, Financial Constraints and Equipment Investment in Ghana: A Firm-level Analysis

      • Catherine Pattillo
      Pages 96-121

    5. The Risk and Expected Returns of African Equity Investment

      • Claude B. Erb, Campbell R. Harvey, Tadas E. Viskanta
      Pages 122-150

    6. Risk and Portfolio Investment in Africa: A Practitioner’s Approach

      • Joe Demby
      Pages 151-165

  4. Reducing Risk through Domestic Agencies of Restraint

    1. Front Matter

      Pages 167-167
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    2. The Central Bank as a Restraint: the Experience of Uganda

      • Louis A. Kasekende, Iftikhar Hussain
      Pages 169-184

    3. The Cash-Budget as a Restraint: The Experience of Zambia

      • Christopher S. Adam, David L. Bevan
      Pages 185-218

    4. The Courts as a Restraint: The Experience of Tanzania, Uganda and Botswana

      • Jennifer A. Widner
      Pages 219-245

    5. Investment Codes as a Restraint: The Experience of Southern Africa

      • David A. Ailola
      Pages 246-271

  5. Reducing Risk through External Agencies of Restraint

    1. Front Matter

      Pages 273-273
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    2. The Franc Zone as a Restraint

      • David Stasavage
      Pages 275-307

    3. Aid and Debt Conditionality as Restraints

      • Ravi Kanbur
      Pages 308-322

    4. Investment Insurance in Africa

      • Gerald T. West
      Pages 323-337

    5. The Potential for Restraint through International Trade Agreements

      • Paul Collier, Jan Willem Gunning
      Pages 338-351

    6. The Potential for Restraint through an International Charter for FDI

      • Mark A. A. Warner
      Pages 352-362
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Keywords

About this book

This book brings together academics in the fields of economics, political science, and law, with business practitioners in the fields of risk assessment and portfolio management. Their contributions are sequenced to tell a story. Africa is perceived as being a highly risky continent. As a result, investment is discouraged. These risks are partly exaggerated. However, to the extent that they reflect genuine problems, they are capable of being mitigated by insurance and reduced by political restraints such as central banks, investment charters, and international agreements.

Editors and Affiliations

  • Policy Research Group, The World Bank, USA

    Paul Collier

  • Research Department, International Monetary Fund, USA

    Catherine Pattillo

About the editors

CHRISTOPHER ADAM Lecturer, Oxford University DAVID AILOLA Associate Professor of Political Science, University of Michigan ANTONY AYLWARD Economist, International Finance Corporation DAVID BEVAN Lecturer, Oxford University JOE DEMBY Regent Fund Management, London CLAUDE ERB First Chicago NBD Investment Management Company KAREN FERREE Doctoral Student, Harvard University JAN WILLEM GUNNEN Director, Centre for the Study of African Economies NADEEM UL HAQUE Adviser, Research Department, International Monetary Fund CAMPBELL HARVEY Professor, Duke University AFIKAR HUSSAIN Economist, Research Department, Bank of Uganda FREDERICK JASPERSEN Economist, International Finance Corporation RAVI KANBUR Lee Professor of Development, Cornell University LOUIS KASAKENDE Executive Director, Research Department, Bank of Uganda DAVID KNOX former Vice President of the World Bank MALCOLM MACPHERSON Fellow, Harvard Institute for International Development NELSON MARK Professor of Economics, Ohio State University DONALD MATHIESON Division Chief, Research Department, International Monetary Fund STEPHEN O'CONNELL Professor of Economics, Swarthmore College LEMMA SENBET William E. Meyer Professor of Finance, University of Maryland SMITA SINGH Doctoral Student, Harvard University DAVID STASAVAGE Research Officer, Centre for the Study of African Economies, Oxford University TADAS VISKANTA First Chicago Bank NBD Investment Management Company MARK WARNER Assistant Director, Center forInternational and Comparative Law, University of Baltimore School of Law GERALD WEST Multilateral Investment Guarantee Corporation JENNIFER WIDNER Associate Professor of Political Science, University of Michigan

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