Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa

Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa
We focus on the management of highly persistent shocks to aid flows, including PRSP-related increases in net inflows, in three "post-stabilization." African economies with de jure flexible exchange rates. Such shocks have beneficent long-run effects, but when currency substitution is high they can produce dramatic macroeconomic management... READ MORE...

Publication date: November 2004
ISBN 9781451875119
$15.00

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