The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy : The Case of São Tomé and Príncipe »
Series: IMF Working Papers
Author(s): Jian-Ye Wang , Nisreen Farhan , Amar Shanghavi , Márcio Ronci , and Misa Takebe
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2008
Keywords: Monetary and exchange rate arrangements, small economy, open economy, nominal anchor, peg, currency union, exchange rate, inflation, monetary union, central bank
This paper assesses São Tomé and Príncipe's monetary and exchange rate arrangements in light of the country's monetary history and the relevant experience of comparable countries in Africa. The study highlights sev...