Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons »
Series: IMF Working Papers
Author(s): Nils Mæhle , Haimanot Teferra , and Armine Khachatryan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 31 January 2013
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...