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Contrasting Monetary Regimes in Africa

Contrasting Monetary Regimes in Africa »

Source: Contrasting Monetary Regimes in Africa

Volume/Issue: 1997/64

Series: IMF Working Papers

Author(s): Patrick Honohan , and Stephen O'Connell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1997

ISBN: 9781451848526

Keywords: inflation, central bank, monetary financing, foreign exchange

In post-independence sub-Saharan Africa, institutional arrangements for monetary policy have taken a variety of forms, although the historical evolution of many African financial systems has been similar. This pape...

The Effectiveness of Macroeconomic Commitment in Weak(er) Institutional Environments

The Effectiveness of Macroeconomic Commitment in Weak(er) Institutional Environments »

Source: The Effectiveness of Macroeconomic Commitment in Weak(er) Institutional Environments

Volume/Issue: 2010/193

Series: IMF Working Papers

Author(s): Marc Quintyn , and Sophia Gollwitzer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

ISBN: 9781455205233

Keywords: Macroeconomic Commitment Institutions, Political-Economic Institutions, inflation, central bank, monetary fund, monetary union, The Effectiveness of Macroeconomic Commitment, Fiscal and Monetary Policy in Development, Capitalist Systems: Political Economy, Other Economic Systems: Other

This paper analyzes the institutional conditions affecting the establishment and effectiveness of independent central banks and of budgetary institutions. It draws on the recent theory developed by North, Wallis an...

An Empirical Investigation of the Exchange Rate Pass-Through to Inflation in Tanzania

An Empirical Investigation of the Exchange Rate Pass-Through to Inflation in Tanzania »

Source: An Empirical Investigation of the Exchange Rate Pass-Through to Inflation in Tanzania

Volume/Issue: 2006/150

Series: IMF Working Papers

Author(s): Nkunde Mwase

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

ISBN: 9781451864106

Keywords: Pass-through, Exchange rate, Structural VAR, exchange rate pass, exchange rate movements, money supply, Multiple or Simultaneous Equation Models: Time-Series Models, Economywide Country Studies: Africa, Tanzania, United Republic of,

The paper examines the effect of exchange rate changes on consumer prices in Tanzania using structural vector autoregression (VAR) models. Using a data set covering the period 1990-2005, we find that the exchange r...

Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons

Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons »

Source: Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons

Volume/Issue: 2013/32

Series: IMF Working Papers

Author(s): Nils Mæhle , Haimanot Teferra , and Armine Khachatryan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 January 2013

ISBN: 9781557756695

Keywords: reforms, growth, exchange rate, foreign exchange, exchange rate regime, real effective exchange rate, effective exchange rate, General, Open Economy Macroeconomics, Economic Growth of Open Economies

Many sub-Saharan African (SSA) countries liberalized their economies in the 1980s and early 1990s. This paper reviews the foreign exchange regime reforms in selected SSA, and their associated macroeconomic policies...

Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants

Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants »

Source: Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants

Volume/Issue: 2012/141

Series: IMF Working Papers

Author(s): Ivohasina Razafimahefa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

ISBN: 9781475503982

Keywords: exchange rate, impulse responses, exchange rate pass, exchange rate changes,

This paper analyzes the exchange rate pass-through to domestic prices and its determinants in sub-Saharan African countries. It finds that the pass-through is incomplete. The pass-through is larger following a depr...

Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa

Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa »

Source: Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa

Volume/Issue: 2004/216

Series: IMF Working Papers

Author(s): Catherine Pattillo , Stephen O'Connell , Christopher Adam , and Edward Buffie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2004

ISBN: 9781451875119

Keywords: Sterilization, Seigniorage, exchange rate, inflation, real exchange rate, foreign exchange, price level,

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 ra...

I Introduction

I Introduction »

Source: The Macroeconomics of Scaling Up Aid : Lessons from Recent Experience

Series: Occasional Papers

Author(s): Andrew Berg , Mumtaz Hussain , Shaun Roache , Amber Mahone , Tokhir Mirzoev , and Shekhar Aiyar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2007

ISBN: 9781589065918

Keywords: Absorptive capacity, exchange rate, foreign exchange, inflation, real exchange rate, monetary policy

Aid facilitates a transfer of resources from donor to recipient countries that enables the recipients to increase consumption and investment. It thus presents an opportunity to reduce poverty, increase the s...

II Conceptual Framework and Its Application to Five Countries

II Conceptual Framework and Its Application to Five Countries »

Source: The Macroeconomics of Scaling Up Aid : Lessons from Recent Experience

Series: Occasional Papers

Author(s): Andrew Berg , Mumtaz Hussain , Shaun Roache , Amber Mahone , Tokhir Mirzoev , and Shekhar Aiyar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2007

ISBN: 9781589065918

Keywords: Absorptive capacity, exchange rate, foreign exchange, inflation, real exchange rate, monetary policy

This chapter develops an analytical framework for examining policy responses to a surge in aid inflows, summarizes the evidence from a sample of five low-income countries, and seeks out general lessons that...

III Ethiopia

III Ethiopia »

Source: The Macroeconomics of Scaling Up Aid : Lessons from Recent Experience

Series: Occasional Papers

Author(s): Andrew Berg , Mumtaz Hussain , Shaun Roache , Amber Mahone , Tokhir Mirzoev , and Shekhar Aiyar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2007

ISBN: 9781589065918

Keywords: Absorptive capacity, exchange rate, foreign exchange, inflation, real exchange rate, monetary policy

The Derg regime, a political dictatorship employing socialist central planning, held sway in Ethiopia from 1974 until its overthrow in 1991. After the totalitarian regime fell, the Ethiopian authorities impl...

Uganda and Rwanda
			: Selected Issues

Uganda and Rwanda : Selected Issues »

Volume/Issue: 2009/36

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2009

DOI: http://dx.doi.org/10.5089/9781451838909.002

ISBN: 9781451838909

Keywords: monetary fund, monetary policy, money supply, average inflation

The Selected Issues paper for Uganda and Rwanda discusses the impact of rising international food and fuel prices on inflation. Unlike in the case of fuel-producing countries, the East African Community countries a...