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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Pattillo, Catherine
Weitere Verfasser: Adam, Christopher, Buffie, Edward, O'Connell, Stephen
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2004.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2004/216
Online Zugang:Full text available on IMF