Contrasting Monetary Regimes in Africa /

In post-independence sub-Saharan Africa, institutional arrangements for monetary policy have taken a variety of forms, although the historical evolution of many African financial systems has been similar. This paper identifies five different regimes and examines how they evolved over time. It focuse...

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書目詳細資料
主要作者: Honohan, Patrick
其他作者: O'Connell, Stephen
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 1997.
叢編:IMF Working Papers; Working Paper ; No. 1997/064
在線閱讀:Full text available on IMF
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245 1 0 |a Contrasting Monetary Regimes in Africa /  |c Patrick Honohan, Stephen O'Connell. 
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300 |a 1 online resource (48 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a In post-independence sub-Saharan Africa, institutional arrangements for monetary policy have taken a variety of forms, although the historical evolution of many African financial systems has been similar. This paper identifies five different regimes and examines how they evolved over time. It focuses on how the alternative institutional arrangements have influenced the performance of monetary policy under fiscal pressure, and concludes that, although the trend appears to be toward more flexible regimes, the transition to greater flexibility can exacerbate problems of credibility and of macroeconomic management. 
538 |a Mode of access: Internet 
700 1 |a O'Connell, Stephen. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1997/064 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1997/064/001.1997.issue-064-en.xml  |z IMF e-Library