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Author : Janine Aron,Ibrahim Elbadawi
Publisher : World Bank Publications
Page : 44 pages
File Size : 55,8 Mb
Release : 1994
Category : Comercio exterior - Africa (Sub-Saharan)
ISBN : 8210379456XXX
Author : Janine Aron,Ibrahim Elbadawi
Publisher : World Bank Publications
Page : 40 pages
File Size : 50,5 Mb
Release : 1994
Category : Comercio exterior - Africa (Sub-Saharan)
ISBN : 8210379456XXX
Author : Brian Pinto
Publisher : World Bank Publications
Page : 37 pages
File Size : 55,9 Mb
Release : 1988
Category : Black market
ISBN : 8210379456XXX
Inflation could rise permanently and substantially as a result of unifying official and black market exchange rates, even if real government spending remains constant.
Author : Mr.Arto Kovanen
Publisher : International Monetary Fund
Page : 52 pages
File Size : 42,7 Mb
Release : 1994-09-01
Category : Business & Economics
ISBN : 9781451940190
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author : Eliana La Ferrara,Gabriel Castillo,John Nash
Publisher : World Bank Publications
Page : 64 pages
File Size : 50,7 Mb
Release : 1994
Category : Foreign exchange
ISBN : 8210379456XXX
The paper provides an analysis of the mechanisms for foreign exchange allocation used in trade policy reform and an assessment of their effectiveness. The case is strong for avoiding delay in moving to full currency convertibility in dismantling or modifying foreign exchange controls. Movement to a unified free market for exchange would be facilitated by changes in policies and in donor practice, so exchange can be channeled through private sellers.
Author : Cletus K. Dordunoo
Publisher : Unknown
Page : 64 pages
File Size : 43,7 Mb
Release : 1994
Category : Auctions
ISBN : 9966900055
Author : Mr.Nils Øyvind Mæhle,Ms.Haimanot Teferra,Mrs.Armine Khachatryan
Publisher : International Monetary Fund
Page : 71 pages
File Size : 50,5 Mb
Release : 2013-01-31
Category : Business & Economics
ISBN : 9781557756695
Many sub-Saharan African (SSA) countries liberalized their economies in the 1980s and early 1990s. This paper reviews the foreign exchange regime reforms in selected SSA, and their associated macroeconomic policies and economic performance during and after these reforms were undertaken. Before liberalization, most of the reviewed countries were characterized by extensive foreign exchange rationing, sizeable black market premiums, and declining per capita real income. Today, the countries that successfully reformed look markedly different. Rationing and parallel market spreads are a distant memory, and per capita income has increased sharply.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 58 pages
File Size : 45,5 Mb
Release : 1988-06-10
Category : Business & Economics
ISBN : 9781451972719
The paper examines the experiences of nine African countries that have introduced floating exchange rate regimes in the 1980s. The various types of market arrangements are explored, focusing on the roles of market participants. After a review of exchange rate developments under the regimes, some related concerns with respect to urban income and employment, resource allocation, and short-term instability are analyzed. In the light of this analysis, the paper suggests some policy recommendations aimed at ensuring the success of the floating regimes.
Author : C. J. Batliwala
Publisher : Unknown
Page : 88 pages
File Size : 42,6 Mb
Release : 1992
Category : Foreign exchange rates
ISBN : UCAL:B3876115
Author : Nguyuru Haruna Ibrahim Lipumba
Publisher : Unknown
Page : 76 pages
File Size : 49,6 Mb
Release : 1997
Category : Africa, Sub-Saharan
ISBN : OSU:32435057952954
The Liberalization of Foreign Exchange Markets & Economic Growth in Sub-Saharan Africa offers an historical rationale for intervention in foreign exchange markets to promote long-term development. It also reviews exchange rate theory & balance of payments management & their application to African countries. The publication is part of the Research for Action series which discusses policy-oriented research on the main strategic issues of development & international cooperation, as well as on the interaction between domestic & global changes.
Author : Mustapha Rouis,Weshah Razzak,Carlos Mollinedo
Publisher : World Bank Publications
Page : 102 pages
File Size : 43,8 Mb
Release : 1994
Category : Devaluation of currency
ISBN : UCSD:31822016772097
Author : Mustapha Rouis,Weshab Razzak,Carlos Mollinedo
Publisher : World Bank Publications
Page : 96 pages
File Size : 49,6 Mb
Release : 1994
Category : Devaluation of currency
ISBN : 8210379456XXX
Author : Ernesto May
Publisher : Unknown
Page : 168 pages
File Size : 44,7 Mb
Release : 1985
Category : Black market
ISBN : MINN:31951P001858790
This paper provides a theoretical framework to understand the way in which exchange controls modify the behavior of the different agents in the economy, leading to the creation of a parallel market economy. It gives the necessary theoretical elements to analyze this parallel market economy and provides a simple methodology to obtain relevant quantitative information about it. Finally, the paper elaborates on some of the policy implications of the existence of a parallel market economy. The model developed shows that the parallel market activities can be explained through the optimizing behavior of exporters and importers, which determines the amount of import and export smuggling, the level of the rent-seeking activity, and the black market exchange rate that is consistent with an equilibrium position where no one has any more incentives to move from their attained position. A method to detect the presence, and assess the magnitude of the parallel market economy, as well as to explain its behavior quantitatively, is then developed and applied to the case of Ghana.
Author : Faezeh Foroutan
Publisher : World Bank Publications
Page : 64 pages
File Size : 47,7 Mb
Release : 1993
Category : Africa, Sub-Saharan
ISBN : 8210379456XXX
Author : Mr.Mauro Mecagni,Mr.Juan S Corrales,Mr.Jemma Dridi,Mr.Rodrigo Garcia-Verdu,Patrick A. Imam,Mr.Justin Matz,Ms.Carla Macario,Mr.Rodolfo Maino,Mr.Yibin Mu,Ashwin Moheeput,Mr.Futoshi Narita,Mr.Marco Pani,Mr.Manuel Rosales Torres,Mr.Sebastian Weber,Mr.Etienne B Yehoue
Publisher : International Monetary Fund
Page : 75 pages
File Size : 51,5 Mb
Release : 2015-05-15
Category : Business & Economics
ISBN : 9781498368476
Dollarization—the use of foreign currencies as a medium of exchange, store of value, or unit of account—is a notable feature of financial development under macroeconomically fragile conditions. It has emerged as a key factor explaining vulnerabilities and currency crises, which have long been observed in Latin America, parts of Asia, and Eastern Europe. Dollarization is also present, prominently, in sub-Saharan Africa (SSA) where it remains significant and persistent at over 30 percent rates for both bank loans and deposits—although it has not increased significantly since 2001. However, progress in reducing dollarization has lagged behind other regions and, in this regard, it is legitimate to ask whether this phenomenon is an important concern in SSA. This study fills a gap in the literature by analyzing these issues with specific reference to the SSA region on the basis of the evidence for the past decade.