publication . Article . Preprint . 2012

The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa

Nils Maehle;
Restricted
  • Published: 01 Jun 2012 Journal: IMF Working Papers, volume 12, page 1 (issn: 1018-5941, Copyright policy)
  • Publisher: International Monetary Fund (IMF)
Abstract
This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various determinants, including the exchange regime, the real exchange rate, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment and the real exchange rate are significant determinants b...
Subjects
free text keywords: General, International Finance: General, Open Economy Macroeconomics, Economic Growth of Open Economies, [East Africa;Economic growth;Foreign exchange;Exchange rate reforms and regimes, growth, and inflation, exchange rate, inflation, exchange rate regime, exchange rate regimes, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook], Foreign exchange, Exchange rate, Inflation rate, Monetary economics, Inflation, media_common.quotation_subject, media_common, Exchange-rate regime, Liberalization, De facto, Economics, Current account
Related Organizations
Powered by OpenAIRE Open Research Graph
Any information missing or wrong?Report an Issue
publication . Article . Preprint . 2012

The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa

Nils Maehle;