Okot, Anjelo; Kaltenbrunner, Annina; Perez Ruiz, Daniel - 2022
This paper investigates the determinants of nominal exchange rates, their volatility, and crash risk in Africa's lower and lower-middle income countries (LLMICs). It combines macro-panel estimations for 15 African LLMICs with floating or lightly managed exchange rates, with insights from 13...