Series: IMF Working Papers
Author(s): Alexander Hoffmaister
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1997
Keywords: Macroeconomic fluctuations, exchange arrangements, exchange rate, terms of trade, real exchange rate, external shocks, exchange rate regimes
The sources of macroeconomic fluctuations in sub–Saharan African are examined by comparing the CFA franc countries with the non–CFA franc countries. External shocks, especially terms of trade shocks,...