Trade Policy and Exchange Rate Reform in Sub-Saharan Africa
Author | : John Nash |
Publisher | : Asia Pacific Press |
Total Pages | : 401 |
Release | : 1997-01-01 |
Genre | : Business & Economics |
ISBN | : 9780731523658 |
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Author | : John Nash |
Publisher | : Asia Pacific Press |
Total Pages | : 401 |
Release | : 1997-01-01 |
Genre | : Business & Economics |
ISBN | : 9780731523658 |
Author | : Faezeh Foroutan |
Publisher | : World Bank Publications |
Total Pages | : 64 |
Release | : 1993 |
Genre | : Africa, Sub-Saharan |
ISBN | : |
Author | : Mustapha Rouis |
Publisher | : World Bank Publications |
Total Pages | : 96 |
Release | : 1994 |
Genre | : Devaluation of currency |
ISBN | : |
Author | : Brian Pinto |
Publisher | : World Bank Publications |
Total Pages | : 37 |
Release | : 1988 |
Genre | : Black market |
ISBN | : |
Inflation could rise permanently and substantially as a result of unifying official and black market exchange rates, even if real government spending remains constant.
Author | : Ajay Chhibber |
Publisher | : World Bank Publications |
Total Pages | : 360 |
Release | : 1991 |
Genre | : Business & Economics |
ISBN | : |
The papers in this volume are divided into eight broad and interrelated topics that concern African economic reform : exchange rate policy, parallel markets, fiscal deficits and expenditure policy, financial sector policy, trade policy, regional integration, human capital and entrepreneurship, and growth oriented adjustment. The editors of this collection of papers submit that seven conclusions can be drawn from these papers : 1) a realistic exchange rate policy is crucial for growth; 2) returns to investment are typically very low in Africa; 3) trade diversification is necessary to get away from the problem faced by many African countries of declining terms of trade for their major exports; 4) the role of the informal financial system in resource mobilization and allocation needs to be recognized; 5) formal efforts at regional integration in Africa have failed so far; 6) incentive policies are an important element of the package needed to restore growth, but they are not enough; and 7) the level of human capital development has been very low.
Author | : J. H. Frimpong-Ansah |
Publisher | : Manchester University Press |
Total Pages | : 440 |
Release | : 1991 |
Genre | : Africa, Sub-Saharan |
ISBN | : 9780719034787 |
Results of a research project on "Trade and Development in Sub-Saharan Africa", organized by the Rockefeller Foundation, the Centre for Economic Policy Research and the Commonwealth Secretariat. Papers focus on export performance, the international trade system and the effects of various policies.
Author | : Mr.Nils Øyvind Mæhle |
Publisher | : International Monetary Fund |
Total Pages | : 71 |
Release | : 2013-01-31 |
Genre | : Business & Economics |
ISBN | : 1557756694 |
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 and economic performance during and after these reforms were undertaken. Before liberalization, most of the reviewed countries were characterized by extensive foreign exchange rationing, sizeable black market premiums, and declining per capita real income. Today, the countries that successfully reformed look markedly different. Rationing and parallel market spreads are a distant memory, and per capita income has increased sharply.
Author | : Bonaglia Federico |
Publisher | : OECD Publishing |
Total Pages | : 182 |
Release | : 2002-11-13 |
Genre | : |
ISBN | : 9264099603 |
Presents evidence confirming the existence of a wide array of policy options for increasing business competitiveness and reducing dependence on primary commodities in Sub-Saharan Africa.
Author | : John Nash |
Publisher | : |
Total Pages | : 52 |
Release | : 1993 |
Genre | : Africa, Sub-Saharan |
ISBN | : |
Mauritius and Ghana made greater strides than other Sub-Saharan African countries in trade reform. Some Sub-Saharan countries made greater progress that was later reversed -- either dramatically (Madagascar and Zambia) or incrementally (Kenya, Nigeria, and Senegal). But others (Uganda) have shown significant recent progress. By virtually every measure, the CommunauteÌ financieÌ€re Africaine (franc zone) countries as a group have not been as succeccful as the non- franc- zone countries in implementing trade reform. Changes in trade policy -- including nontariff barriers -- can be quantified in terms of "tariff equivalence" using a new method described in this paper.
Author | : Eliana La Ferrara |
Publisher | : World Bank Publications |
Total Pages | : 64 |
Release | : 1994 |
Genre | : Foreign exchange |
ISBN | : |
The paper provides an analysis of the mechanisms for foreign exchange allocation used in trade policy reform and an assessment of their effectiveness. The case is strong for avoiding delay in moving to full currency convertibility in dismantling or modifying foreign exchange controls. Movement to a unified free market for exchange would be facilitated by changes in policies and in donor practice, so exchange can be channeled through private sellers.