Exchange Controls And Parallel Market Economies In Sub Saharan Africa
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Author | : Ernesto May |
Publisher | : |
Total Pages | : 168 |
Release | : 1985 |
Genre | : Business & Economics |
ISBN | : |
Download Exchange Controls and Parallel Market Economies in Sub-Saharan Africa Book in PDF, Epub and Kindle
This paper provides a theoretical framework to understand the way in which exchange controls modify the behavior of the different agents in the economy, leading to the creation of a parallel market economy. It gives the necessary theoretical elements to analyze this parallel market economy and provides a simple methodology to obtain relevant quantitative information about it. Finally, the paper elaborates on some of the policy implications of the existence of a parallel market economy. The model developed shows that the parallel market activities can be explained through the optimizing behavior of exporters and importers, which determines the amount of import and export smuggling, the level of the rent-seeking activity, and the black market exchange rate that is consistent with an equilibrium position where no one has any more incentives to move from their attained position. A method to detect the presence, and assess the magnitude of the parallel market economy, as well as to explain its behavior quantitatively, is then developed and applied to the case of Ghana.
Author | : World Bank |
Publisher | : |
Total Pages | : 100 |
Release | : 1985 |
Genre | : |
ISBN | : |
Download Exchange controls and parallel market economies in sub-Saharan Africa Book in PDF, Epub and Kindle
Author | : Ernesto May |
Publisher | : |
Total Pages | : 135 |
Release | : 1984 |
Genre | : |
ISBN | : |
Download Exchange Controls and Parallel Market Economics in Sub-Saharan Africa Book in PDF, Epub and Kindle
Author | : Nguyuru Haruna Ibrahim Lipumba |
Publisher | : |
Total Pages | : 76 |
Release | : 1997 |
Genre | : Business & Economics |
ISBN | : |
Download The Liberalization of Foreign Exchange Markets and Economic Growth in Sub-Saharan Africa Book in PDF, Epub and Kindle
The Liberalization of Foreign Exchange Markets & Economic Growth in Sub-Saharan Africa offers an historical rationale for intervention in foreign exchange markets to promote long-term development. It also reviews exchange rate theory & balance of payments management & their application to African countries. The publication is part of the Research for Action series which discusses policy-oriented research on the main strategic issues of development & international cooperation, as well as on the interaction between domestic & global changes.
Author | : Mr.Nils Øyvind Mæhle |
Publisher | : International Monetary Fund |
Total Pages | : 71 |
Release | : 2013-01-31 |
Genre | : Business & Economics |
ISBN | : 1616350466 |
Download Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons Book in PDF, Epub and Kindle
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 | : Brian Pinto |
Publisher | : World Bank Publications |
Total Pages | : 37 |
Release | : 1988 |
Genre | : Black market |
ISBN | : |
Download Black Markets for Foreign Exchange, Real Exchange Rates, and Inflation Book in PDF, Epub and Kindle
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 | : Mustapha Rouis |
Publisher | : World Bank Publications |
Total Pages | : 96 |
Release | : 1994 |
Genre | : Devaluation of currency |
ISBN | : |
Download The Supply Response to Exchange Rate Reform in Sub-Saharan Africa Book in PDF, Epub and Kindle
Author | : Eliana La Ferrara |
Publisher | : World Bank Publications |
Total Pages | : 64 |
Release | : 1994 |
Genre | : Foreign exchange |
ISBN | : |
Download The Reform of Mechanisms for Foreign Exchange Allocation Book in PDF, Epub and Kindle
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.
Author | : Janine Aron |
Publisher | : World Bank Publications |
Total Pages | : 40 |
Release | : 1994 |
Genre | : Comercio exterior - Africa (Sub-Saharan) |
ISBN | : |
Download A Typology of Foreign Exchange Auction Markets in Sub-Saharan Africa Book in PDF, Epub and Kindle
Author | : Pierre Jacquemot |
Publisher | : |
Total Pages | : 224 |
Release | : 1988 |
Genre | : Africa, Sub-Saharan |
ISBN | : |
Download Exchange Rate Policy and Adjustment in Africa Book in PDF, Epub and Kindle