Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters /

The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Thomas, Alun
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2012.
Seria:IMF Working Papers; Working Paper ; No. 2012/208
Dostęp online:Full text available on IMF
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245 1 0 |a Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters /  |c Alun Thomas. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2012. 
300 |a 1 online resource (21 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in the US Treasury bill rate and to the EMBI spread in recent years. The effects are more important for countries with open capital accounts. On the other hand the paper does not provide any support for the interest rate parity theory because domestic interest rates have no bearing on exchange rate movements. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/208 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/208/001.2012.issue-208-en.xml  |z IMF e-Library