Macroeconomic Fluctuations in Sub-Saharan Africa /

The sources of macroeconomic fluctuations in sub-Saharan African are examined by comparing the CFA franc countries with the non-CFA franc countries. External shocks, especially terms of trade shocks, appear to have a greater influence on fluctuations of output and the real exchange rate in CFA franc...

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Bibliographic Details
Main Author: Hoffmaister, Willy
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997.
Series:IMF Working Papers; Working Paper ; No. 1997/082
Online Access:Full text available on IMF