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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Détails bibliographiques
Auteur principal: Pattillo, Catherine
Autres auteurs: Adam, Christopher, Buffie, Edward, O'Connell, Stephen
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2004.
Collection:IMF Working Papers; Working Paper ; No. 2004/216
Accès en ligne:Full text available on IMF