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The relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa /
This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various dete...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
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| Colección: | IMF working paper ;
WP/12/148. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various determinants, including the exchange regime, the real exchange rate, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is limited. |
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| Notas: | Title from PDF title page (IMF Web site, viewed June 8, 2012). "African Dept." "June 2012." |
| Descripción Física: | 1 online resource (54 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1475504179 9781475504170 1475533969 9781475533965 1475518226 9781475518221 |
| ISSN: | 1018-5941 ; |