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|z 9781451848830
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|a 1018-5941
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|a Canetti, Elie.
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|a Monetary Growth and Exchange Rate Depreciation As Causes of Inflation in African Countries :
|b An Empirical Analysis /
|c Elie Canetti, Joshua Greene.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1991.
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|a 1 online resource (49 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines the relative importance of monetary growth and exchange rate depreciation as causes of inflation in a sample of 10 Sub-Saharan African countries. Causality tests and impulse response functions derived from vector autoregression (VAR) analysis suggest that both monetary expansion and exchange rate adjustments cause inflation in a number of these countries. However, the failure of the tests to attribute the bulk of the variance in inflation in most of the countries to either variable suggests either a problem with the statistical technique or that some other factor--perhaps structural bottlenecks or a measure of overall macroeconomic policy stance incorporating both monetary and exchange rate policy--may be even more important as a determinant of inflation in African countries.
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|a Mode of access: Internet
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|a Greene, Joshua.
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|a IMF Working Papers; Working Paper ;
|v No. 1991/067
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1991/067/001.1991.issue-067-en.xml
|z IMF e-Library
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