Impact of the Global Financial Crisis on Exchange Rates and Policies in Sub-Saharan Africa /

This paper studies the evolution of the exchange rates of sub-Saharan African currencies in the context of the global financial crisis. In particular, it analyzes the reasons behind the differences in the magnitude and volatility of the exchange rates among countries. To this end, it takes a sample...

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Xehetasun bibliografikoak
Egile nagusia: Kaendera, Stella
Beste egile batzuk: Ben Ltaifa, Nabil, Dixit, S. V. S.
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2009.
Saila:Departmental Papers; Departmental Paper ; No. 2009/006
Sarrera elektronikoa:Full text available on IMF
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100 1 |a Kaendera, Stella. 
245 1 0 |a Impact of the Global Financial Crisis on Exchange Rates and Policies in Sub-Saharan Africa /  |c Stella Kaendera, S. V. S. Dixit, Nabil Ben Ltaifa. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (25 pages) 
490 1 |a Departmental 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 This paper studies the evolution of the exchange rates of sub-Saharan African currencies in the context of the global financial crisis. In particular, it analyzes the reasons behind the differences in the magnitude and volatility of the exchange rates among countries. To this end, it takes a sample of seven countries, four members of the East African Community (EAC) (Kenya, Rwanda, Tanzania, and Uganda), and three others, which experienced large exchange rate losses at the onset of the crisis: Ghana, Nigeria, and Zambia. First, it analyzes the movements of the exchange rates with respect to the U.S. dollar and two other major currencies. Second, it tries to link the magnitude of their movements to key factors, relating to the external environment and the countries' internal policies. 
538 |a Mode of access: Internet 
700 1 |a Ben Ltaifa, Nabil. 
700 1 |a Dixit, S. V. S. 
830 0 |a Departmental Papers; Departmental Paper ;  |v No. 2009/006 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/087/2009/006/087.2009.issue-006-en.xml  |z IMF e-Library