Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa /

We focus on the management of highly persistent shocks to aid flows, including PRSP-related increases in net inflows, in three 'post-stabilization.' African economies with de jure flexible exchange rates. Such shocks have beneficent long-run effects, but when currency substitution is high...

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Hlavní autor: Pattillo, Catherine
Další autoři: Adam, Christopher, Buffie, Edward, O'Connell, Stephen
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2004.
Edice:IMF Working Papers; Working Paper ; No. 2004/216
On-line přístup:Full text available on IMF