State Bailouts in an Era of Financial Crisis ... - Global Trade Alert

This paper will document and examine the nature, pattern and types of
bailout and fiscal stimulus employed during the recent global financial crisis
by sub-Saharan African (SSA) countries and most importantly identify the risks
emanating from such interventions and suggest mode of disengagement at the
end of the crisis. The specific research questions asked are:
1. What are the nature, trends, pattern and determinants of fiscal stimulus and
bailouts in SSA vis-à-vis those initiated and implemented in the United States
and Europe
2. How do bailouts in SSA compare to those in other developing regions of the
world
3. What are the effects of state fiscal stimulus and bailouts on sectoral and
aggregate economic performance in SSA
4. Why are many SSA countries adopting the policy of inaction with respect to
fiscal stimulus and bailout
5. How can SSA countries further increase fiscal stimulus and bailouts to
enhance better management of the risks induced by the crisis
6. What are strategies for avoiding re-nationalisation and ensuring smooth
state disengagement from the bailed out firms at the end of the crisis
Centre for Economic Policy Research
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